Property profile

609 Creative Way Madison, TN 37115

OFF-MARKET
Commercial land
Property ID
US80-1495521
2,540 SF 3.58 ac lot Built 1978
Entity Owned 7-yr Hold
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1978
Total area 2,540 SF
Lot 3.58 ac (155,945 SF)
Zoning code MULTI-ZONE
APN 051-00-0-181-00
UPID US80-1495521

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

609 Creative Way Madison, TN 37115-2968
Madison metro Census 10802 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$690k
Comparable Approach Comparable
$521k
Blend (final) Blend
$650k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2018
Price N/A
2016
$365,000
2015
$260,000
1995
$30,000
1995
$52,000
1969
Price N/A

Zoning & alternative use

MULTI-ZONE · Madison, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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