Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    500 Myatt Dr Madison, TN 37115-2480
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Myatt Dr Madison, TN 37115-2480

    View on Map
    • Warehouses
    • 14,518 SF
    • 10.00 lot acres
    Off-Market
    Property ID
    US80-0472775
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,800,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stephens Pipe & Steel, LLC (Nashville TN Office) / Factory / Metal Fabrication Plant

    Property Details for 500 Myatt Dr

    Year built
    1998
    Lot size
    10.00 lot acres
    Property size
    14,518 SF
    Zone code
    IR
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    043-00-0-042-00
    APU
    4300004200

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,415,000
      6.5%
      $2,230,000
      7%
      $2,070,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,783,000
      Market price range: $679k - $2.78M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,610,000
      Current use
      MEDICAL BUILDING
      $4,095,000
      Change: +57% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,265,000
      Change: +25% Conversion: Difficult
      OFFICE BUILDING
      $3,195,000
      Change: +23% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.6933
    Latitude
    36.2786
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $48,068
    $696,960
    $780,240
    $1,477,200
    -
    $1,742,400
    $1,950,600
    $3,693,000

    Comparable in this City

    • Value Estimation
      $1,435,000
      9,348 SF

      53 Edenwold Rd

      MINI-WAREHOUSE, STORAGE • 9,348 SF
      53 Edenwold Rd, Madison, TN 37115
      View Details
    • Value Estimation
      $9,550,000
      116,924 SF

      11 Fant Industrial Dr

      MINI-WAREHOUSE, STORAGE • 116,924 SF
      11 Fant Industrial Dr, Madison, TN 37115-3064
      View Details
    • Value Estimation
      $3,020,000
      12,735 SF

      1541 Gallatin N Pike

      MINI-WAREHOUSE, STORAGE • 12,735 SF
      1541 Gallatin N Pike, Madison, TN 37115-2158
      View Details
    • Value Estimation by Request
      2,340 SF

      116 Hickory St

      MINI-WAREHOUSE, STORAGE • 2,340 SF
      116 Hickory St, Madison, TN 37115-3907
      View Details
    • Value Estimation
      $1,530,000
      10,680 SF

      1112 Myatt Blvd

      MINI-WAREHOUSE, STORAGE • 10,680 SF
      1112 Myatt Blvd, Madison, TN 37115-2453
      View Details
    • Value Estimation
      $1,150,000
      6,600 SF

      1120 Myatt Blvd

      MINI-WAREHOUSE, STORAGE • 6,600 SF
      1120 Myatt Blvd, Madison, TN 37115-2453
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Commercial Office/Warehouse Space

      Commercial office and warehouse space with recent renovations and upgrades.
      533 Myatt Dr, Madison, TN 37115
      View Details
    • Contact for pricing
      7 SF

      Gallatin Pike Commercial Land

      Commercial land on Gallatin Pike, development potential.
      1425 Gallatin Pike North, Nashville, TN 37115
      View Details
    • Contact for pricing

      Corner Lot with Great Visibility

      Corner lot with high traffic and zoning flexibility.
      513-523 Gallatin Pike S, Madison, TN 37115
      View Details
    • $5,995,000

      Renovated Retail/Office Flex Building

      Renovated commercial building in Rivergate, leased to national tenant.
      1717 Gallatin Pike N, Madison, TN 37115
      View Details
    • $1,300,000
      5,600 SF

      Madison Retail Space - Prime Location

      High-traffic retail space, 5,600 sq ft, 0.85 acres.
      222 Gallatin Pike, Madison, TN 37115
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      209,203 SF

      Madison Warehouse Space Available

      418,406 square foot warehouse space for lease.
      538 Myatt Dr, Madison, TN 37115
      View Details
    • Contact for pricing
      19,320 SF

      Versatile Commercial Space in Madison

      Warehouse and office space available for lease in Madison, TN.
      104-108 W Webster St, Madison, TN 37115
      View Details
    • Contact for pricing
      17,550 SF

      Madison Warehouse Space Available

      17,550 SF warehouse with drive-in doors for lease.
      1016 River Bluff Dr, Madison, TN 37115
      View Details
    • Contact for pricing
      11,256 SF

      Industrial Space with Drive-In Doors

      Industrial space featuring multiple drive-in doors and fenced storage.
      115 W Webster St, Madison, TN 37115
      View Details
    • Contact for pricing
      4,224 SF

      Industrial Space in Madison, TN

      Industrial property available for lease in Madison, Tennessee.
      1200 Northgate Business Pkwy, Madison, TN 37115
      View Details
    • Contact for pricing

      Renovated Office/Medical Space in Madison

      Turnkey office/medical space with excellent accessibility and high visibility.
      414 W Old Hickory Blvd, Nashville, TN 37115
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Myatt Dr
    Madison, TN 37115-2480
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!