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Property profile & analytics
OFF-MARKET
Estimated value
$22,135,000
Specialty properties
500 Cheyenne Blvd Madison, TN 37115-4257
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1657860
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1971
Total area
1,388 SF
Lot
38.92 ac (1,695,355 SF)
Zoning code
RS7.5
APN
043-00-0-006-00
UPID
US80-1657860
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
-
Old Hickory Community Campground & RV Park
-
Trinity Painting Perfector. Painting Service General Contractor
-
Trinity Painting Perfector - Remodeling Service, Remodeling Contractor, Remodeling Interior Company Painting Service General Contractor
-
Kings Tree Services LLC-General Tree Services in Madison TN-Tree Services in Madison TN-Tree removal in Madison TN Landscaping General Contractor
-
HQ Audio Productions Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$22.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.14M
Owner & transaction history
Cheyenne Mhc LP · 2 yrs held
Cheyenne Mhc LP
since 2024
Last sale
$22.1M
2 recorded transactions
Zoning & alternative use
RS7.5 · 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
$22,135,000
ML approach
$22,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.14M
Range $19.92M – $24.35M · ±10% · vs last sale $22.14M (May 16 2024)
Last sale anchor
$22.14M
May 16 2024
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
$15,947 / 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
$63,064
Tax year 2023
Assessed value
$2,158,235
Assessed 2023
Previous assessed
$2,051,700
+5.2% YoY
Effective rate
2.92%
On assessed value
Assessed land
$662,400
Assessed improvement
$1,495,835
Land market value
$1,656,000
Improvement market value
$4,669,100
Total market value
$6,325,100
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1971
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
1,388 SF
Lot
38.92 ac (1,695,355 SF)
Zoning code
RS7.5
APN
043-00-0-006-00
UPID
US80-1657860
Jurisdiction
DAVIDSON
Zoning & alternative use
RS7.5 · Madison, TN
Zoning RS7.5 · permitted uses
RS7.5 · 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
1971
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
38.92 ac
Current owner
From public records · entity-resolved
Cheyenne Mhc LP
Entity
Free & Clear · 2 yrs held
Mailing address
467 ERLANGER RD, ERLANGER, KY 41018-1496
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2024
$22,135,783
Cheyenne Mhc LP
Royce Old Hickory Estates LLC
Special Warranty Deed
—
Apr 8, 2021
$14,503,813
Royce Old Hickory Estates LLC
Boggs Kurlander Steele LLC
Special Warranty Deed
—
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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