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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Office buildings
529 Myatt Dr Madison, TN 37115-2427
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3500940
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
5,799 SF
Lot
0.8 ac (34,848 SF)
Zoning code
IWD
APN
034-15-0-034-00
UPID
US80-3500940
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
-
One Hour Heating & Air Conditioning HVAC Service General Contractor
-
Tennessee Chapter of the American College of Cardiology Medical School
-
Maple Ridge Events Marketing & Advertising Event Planning
-
Human Animal Bond Association Association Or Organization
-
Nashville Cable Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$860k
Owner & transaction history
John Pelham Mcmurry JR · 5 yrs held
John Pelham Mcmurry JR
since 2020
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
IWD · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+2.2%
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
$870,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,275,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,305,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,235,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $950k (Dec 7 2020)
Last sale anchor
$950k
Dec 7 2020
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
$148 / 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
$19,935
Tax year 2023
Assessed value
$612,640
Assessed 2023
Previous assessed
$384,880
+59.2% YoY
Effective rate
3.25%
On assessed value
Assessed land
$69,680
Assessed improvement
$542,960
Land market value
$174,200
Improvement market value
$1,357,400
Total market value
$1,531,600
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
1989
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
5,799 SF
Lot
0.8 ac (34,848 SF)
Zoning code
IWD
APN
034-15-0-034-00
UPID
US80-3500940
Jurisdiction
DAVIDSON
Zoning & alternative use
IWD · Madison, TNZoning IWD · permitted uses
IWD · Madison, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
Year built
1989
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
John Pelham Mcmurry JR
Individual
Mailing address
2067 GRACELAND DR, GOODLETTSVILLE, TN 37072-4252
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
Mar 10, 2022
—
John Pelham Mcmurry JR
—
Deed
related
$2,025,000 · Pinnacle Bank
Dec 7, 2020
$950,000
John Pelham Mcmurry JR
Maple Ridge Properties LLC
Special Warranty Deed
$760,000 · Cogent Bank
May 8, 2015
$485,000
Maple Ridge Properties LLC
Skyview Properties LLC
Special Warranty Deed
$388,800 · Regions Bank
Nov 2, 2004
$332,500
Skyview Properties LLC
Kilgore,ronald L
Warranty Deed
$400,000 · First Tennessee Bank National
Feb 17, 1989
$67,356
Ronald L Kilgore
Unknown
Grant Deed
—
—
—
Skyview Properties LLC
—
Deed Of Trust
related
$100,000 · First Tennessee Bank National
—
—
Ronald L Kilgore
—
Deed Of Trust
related
$40,000 · American Fidelity Bank
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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