Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Drive through restaurants
407 Gallatin N Pike Madison, TN 37115-3705
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-0446364
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Total area
2,517 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CS
APN
043-09-0-015-00
UPID
US80-0446364
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
-
Captain D's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$736k
Blend (final)
Blend
$940k
Owner & transaction history
Eprt Tennessee Properties LLC · 3 yrs held
Eprt Tennessee Properties LLC
since 2023
Last sale
$963,000
7 recorded transactions
Zoning & alternative use
CS · 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
$895,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,250,000
Current use
AUTO REPAIR, GARAGE
$1,230,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,190,000
Change: -5% · Conversion: Easy
RETAIL STORES
$1,065,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $963k (Jan 3 2023)
Last sale anchor
$963k
Jan 3 2023
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
$373 / 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
$17,464
Tax year 2023
Assessed value
$536,680
Assessed 2023
Previous assessed
$536,680
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$94,080
Assessed improvement
$442,600
Land market value
$235,200
Improvement market value
$1,106,500
Total market value
$1,341,700
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1988
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,517 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CS
APN
043-09-0-015-00
UPID
US80-0446364
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Madison, TNZoning CS · permitted uses
CS · Madison, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
RESTAURANT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Eprt Tennessee Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
902 CARNEGIE CTR STE #520, PRINCETON, NJ 08540-6531
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
—
Eprt Tennessee Properties LLC
Scf Rc Funding LLC
Quit Claim Deed
related
—
Dec 15, 2016
$963,000
Scf Rc Fungings I LLC
Scf Rc Master Funding I LLC
Special Warranty Deed
—
Jun 28, 2016
$904,533
Scfrc-hw-g LLC
Cnl Apf Partners LP
Grant Deed
—
Jun 24, 2013
$900,663
Cnl Apf Partners LP
Usrp Funding 2001-a LP
Grant Deed
—
May 24, 2004
—
Usrp Funding 2001-a
Usrp Holding Corp
Quit Claim Deed
related
$180,000,000 · Wells Fargo Bank
May 24, 2004
$896,426
Usrp Holding Corp
Usrp S & C LLC
Grant Deed
related
—
Jun 17, 2003
—
Shn Properties LLC
Captain Ds LLC
Quit Claim Deed
related
—
Jun 17, 2003
$900,350
Usrp S & C LLC
Shn Properties LLC
Grant Deed
—
Mar 1, 2001
—
Captain Ds INC
Shoneys INC
Quit Claim Deed
related
—
—
—
Captain Ds LLC
—
Loan Modification
related
$106,000,000 · Bank Of America NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 407 Gallatin N Pike?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
