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Property profile & analytics
OFF-MARKET
Estimated value
$1,855,000
Medical Office Space
600 Medical Park Dr Madison, TN 37115-4252
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1307268
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Total area
11,228 SF
Lot
1.15 ac (50,094 SF)
Zoning code
OG
APN
052-03-0-174-00
UPID
US80-1307268
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
-
NoSweatWeb Marketing & Advertising (Bike/Boat/Book/etc) Store
-
NanoGrowth Corporate Office
-
Detox Nashville - Drug and Alcohol Detox Medical Clinic
-
Why Burritos Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.86M
Owner & transaction history
Ronald Edward Pruitt · 2 yrs held
Ronald Edward Pruitt
since 2023
Last sale
$1.9M
7 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
$1,805,000
ML approach
$1,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.86M
Range $1.67M – $2.04M · ±10% · vs last sale $1.94M (Dec 4 2023)
Last sale anchor
$1.94M
Dec 4 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
$165 / 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
$24,427
Tax year 2023
Assessed value
$835,960
Assessed 2023
Previous assessed
$835,960
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$120,240
Assessed improvement
$715,720
Land market value
$300,600
Improvement market value
$1,789,300
Total market value
$2,089,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
11,228 SF
Lot
1.15 ac (50,094 SF)
Zoning code
OG
APN
052-03-0-174-00
UPID
US80-1307268
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
1991
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
Ronald Edward Pruitt
Individual
Mailing address
1220 VINTAGE PL, NASHVILLE, TN 37215-4707
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2023
—
Ronald Edward Pruitt
Ronald Edward Pruitt
Intrafamily Transfer
related
—
Dec 10, 2020
$1,940,000
Ronald Edward Pruitt
Alden Horton
Warranty Deed
$1,552,000 · Truxton Trust Co
Oct 17, 2018
—
Alden Horton III
—
Deed
related
$38,000 · Greene Holdings
Jul 26, 2018
—
Alden Horton
—
Deed
related
$250,000 · Wilson Bk&tr
Jul 19, 2016
—
Horton Alden III
—
Deed
related
$775,000 · Wilson Bk&tr
May 2, 2016
$1,075,000
Alden Horton III
Fidelity Partners Gp
Grant Deed
$784,101 · Fidelity Partners Gp
Jun 16, 2015
$775,000
Cumberland Way Properties LLC
Henley Trust
Warranty Deed
—
Nov 10, 2014
—
Henley Trust
Henley Trust
Quit Claim Deed
related
—
Dec 4, 2006
—
Hti Memorial Hospital Corp
Tcmc Madison-portland INC
Quit Claim Deed
related
—
—
—
Horton Alden III
—
Deed Of Trust
related
$775,000 · Wilson Bk&tr
—
—
Alden Horton
—
Deed Of Trust
related
$250,000 · Wilson Bk&tr
—
—
Alden Horton III
—
Deed Of Trust
related
$38,000 · Greene Holdings
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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