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Property profile & analytics
OFF-MARKET
Estimated value
$2,875,000
Office buildings
510 Lentz Dr Madison, TN 37115-5102
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-0057042
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
23,033 SF
Lot
1.78 ac (77,537 SF)
Zoning code
OG
APN
051-06-0-059-00
UPID
US80-0057042
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
-
Lending Hand Mortgage, LLC Loan Service Bank
-
Jenn Burke | Lending Hand Mortgage Corp. Loan Service Bank
-
Jeff Suter - Lending Hand Mortgage, LLC Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$2.88M
Owner & transaction history
Kevin M Kenerson · 7 yrs held
Kevin M Kenerson
since 2018
6 recorded transactions
Zoning & alternative use
OG · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.88M
Range $2.59M – $3.16M · ±10%
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
$125 / 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
$40,234
Tax year 2023
Assessed value
$1,236,440
Assessed 2023
Previous assessed
$1,236,440
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$198,160
Assessed improvement
$1,038,280
Land market value
$495,400
Improvement market value
$2,595,700
Total market value
$3,091,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
23,033 SF
Lot
1.78 ac (77,537 SF)
Zoning code
OG
APN
051-06-0-059-00
UPID
US80-0057042
Jurisdiction
DAVIDSON
Zoning & alternative use
OG · Madison, TNZoning OG · permitted uses
OG · Madison, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Kevin M Kenerson
Individual
Mailing address
520 LENTZ DR, MADISON, TN 37115-5102
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2018
$1,225,000
Kevin M Kenerson
Freedom 4 All INC
Warranty Deed
$1,469,500 · Simmons First Bank Nwa
Dec 26, 2014
—
Freedom 4 All INC
Ford Ginger A
Quit Claim Deed
related
—
Nov 10, 2014
$750,000
Ford,ginger A Tr
Lentz Partners LLC
Grant Deed
—
Mar 24, 2006
$350,000
Lentz Partners LLC
Ch Realty INC
Grant Deed
—
Sep 9, 1999
$3,700,000
Captec
Briarville Development Co
Grant Deed
—
Apr 7, 1995
$218,000
Briarville Development Co
Unknown,
Grant 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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