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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Grocery and convenience stores
317 Myatt Dr, Madison, TN 37115-3022
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-3223335
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1950
Total area
1,368 SF
Lot
0.96 ac (41,818 SF)
Zoning code
SP
APN
043-07-0-069-00
UPID
US80-3223335
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Thorntons Grocery & Convenience Store
-
PNC ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Agree Convenience No 1 LLC · 4 yrs held
Agree Convenience No 1 LLC
since 2021
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
SP · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,575,000
ML approach
$1,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±10% · vs last sale $1.36M (Sep 29 2021)
Last sale anchor
$1.36M
Sep 29 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,067 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,810
Tax year 2023
Assessed value
$117,080
Assessed 2023
Previous assessed
$117,080
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$117,080
Land market value
$292,700
Total market value
$292,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1950
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
3
Total area
1,368 SF
Lot
0.96 ac (41,818 SF)
Zoning code
SP
APN
043-07-0-069-00
UPID
US80-3223335
Jurisdiction
DAVIDSON
Zoning & alternative use
SP · Madison, TN
Zoning SP · permitted uses
SP · Madison, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
3
Lot
0.96 ac
Current owner
From public records · entity-resolved
Agree Convenience No 1 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2600 JAMES THORNTON WAY, LOUISVILLE, KY 40245-5329
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
$1,356,140
Agree Convenience No 1 LLC
Mat Real Estate LLC
Special Warranty Deed
—
Mar 6, 2008
$625,000
Mat Real Estate LLC
Elbobbo,rodwan M
Warranty Deed
—
Jun 22, 2006
—
Rodwan M Elbobbo
Bobbo,richard M
Quit Claim Deed
related
—
Apr 23, 1999
$52,500
Richard M Bobbo
Brown Trust
Grant Deed
$47,725 · Regions Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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