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Property profile & analytics
FOR SALE
Strip malls
413 Myatt Dr Madison, TN 37115
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0624620
For Sale
1 / 3
$1,990,000
413 Myatt Dr, Madison, TN 37115
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1976
Total area
8,520 SF
Lot
0.67 ac (29,185 SF)
Zoning code
IR
APN
043-00-0-029-00
UPID
US80-0624620
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
-
United Super Market Specialty Food Shop Supermarket
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
United Super Market Discount Beer & Tobacco (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Foodtown INC · 5 yrs held
Foodtown INC
since 2020
Last sale
$210,000
7 recorded transactions
Zoning & alternative use
IR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,826
Tax year 2023
Assessed value
$209,760
Assessed 2023
Previous assessed
$209,760
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$58,360
Assessed improvement
$151,400
Land market value
$145,900
Improvement market value
$378,500
Total market value
$524,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1976
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,520 SF
Lot
0.67 ac (29,185 SF)
Zoning code
IR
APN
043-00-0-029-00
UPID
US80-0624620
Jurisdiction
DAVIDSON
Zoning & alternative use
IR · Madison, TN
Zoning IR · permitted uses
IR · 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
1976
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Foodtown INC
Entity
Free & Clear · 5 yrs held
Mailing address
5312 CANE RDG RD, ANTIOCH, TN 37013-3839
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
—
Foodtown INC
Nagis Ent LLC
Quit Claim Deed
related
—
Nov 8, 2019
—
Nagis Ent LLC
Ahmed M Nagi
Quit Claim Deed
related
—
Oct 19, 2018
—
Nagi Ahmed
—
Deed
related
$245,000 · Bank Of Tennessee
Feb 1, 2011
$210,000
Ahmed Nagi
Bismarck Realty LP
Grant Deed
$105,000 · Bank Of Tennessee
Nov 3, 2003
—
Bismarck Realty LP
Caldwell,thomas B & Adeliza C
Quit Claim Deed
related
—
—
—
Ahmed M Nagi
—
Loan Modification
related
$300,000 · Bank Of Tennessee
—
—
Nagi Ahmed
—
Loan Modification
related
$245,000 · Bank Of Tennessee
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?”
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