New search
Property profile & analytics
OFF-MARKET
Estimated value
$28,520,000
Warehouses
526 Myatt Dr Madison, TN 37115-6527
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1780457
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
93,000 SF
Lot
16.44 ac (716,126 SF)
Zoning code
IR
APN
034-00-0-050-00
UPID
US80-1780457
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
-
Crescent Electric Supply Company Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.24M
Blend (final)
Blend
$28.52M
Owner & transaction history
Eastgroup Tennessee Holdings LLC · 2 yrs held
Eastgroup Tennessee Holdings LLC
since 2023
Last sale
$30.7M
7 recorded transactions
Zoning & alternative use
IR · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$46.3M
+176.8%
Auto repair, garage
$45.5M
+172.3%
Commercial (general)
$44.0M
+163.3%
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
$35,105,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$46,255,000
Change: +177% · Conversion: Difficult
AUTO REPAIR, GARAGE
$45,505,000
Change: +172% · Conversion: Easy
COMMERCIAL (GENERAL)
$44,010,000
Change: +163% · Conversion: Difficult
RETAIL STORES
$39,400,000
Change: +136% · Conversion: Moderate
MEDICAL BUILDING
$26,235,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$20,930,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$20,480,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$28.52M
Range $25.67M – $31.37M · ±10% · vs last sale $30.71M (Nov 6 2023)
Last sale anchor
$30.71M
Nov 6 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
$307 / 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
$229,274
Tax year 2023
Assessed value
$7,045,920
Assessed 2023
Previous assessed
$7,045,920
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$680,600
Assessed improvement
$6,365,320
Land market value
$1,701,500
Improvement market value
$15,913,300
Total market value
$17,614,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
93,000 SF
Lot
16.44 ac (716,126 SF)
Zoning code
IR
APN
034-00-0-050-00
UPID
US80-1780457
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$46.3M
AUTO REPAIR, GARAGE
Est. value
$45.5M
COMMERCIAL (GENERAL)
Est. value
$44.0M
RETAIL STORES
Est. value
$39.4M
MEDICAL BUILDING
Est. value
$26.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.9M
OFFICE BUILDING
Est. value
$20.5M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
16.44 ac
Current owner
From public records · entity-resolved
Eastgroup Tennessee Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6565 N MACARTHUR BLVD STE #255, IRVING, TX 75039-2533
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
$30,710,000
Eastgroup Tennessee Holdings LLC
Ewa Madison 526 Owner LLC
Special Warranty Deed
—
Apr 19, 2022
$29,583,700
Ewa Madison 526 Owner LLC
526 Myatt LP
Special Warranty Deed
—
Dec 31, 2020
—
526 Myatt LP
—
Deed Of Trust
related
$12,176,000 · Western Alliance Bk
Dec 21, 2020
$1,700,000
526 Myatt LP
Richland South LLC
Grant Deed
—
Aug 19, 2013
$81,378
Richland South LLC
Myatt Drive Properties LLC
Warranty Deed
—
Oct 12, 2006
$100,000
Myatt Drive Properties LLC
Ozburn-hessey Storage
Quit Claim Deed
related
—
Aug 26, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 18, 1998
$100,000
Ozburn-hessey Storage Co INC
E I Du Pont De Nemouers & Co
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.
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 526 Myatt Dr?
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.
