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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Commercial land
625 Gallatin N Pike Madison, TN 37115-2808
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0946814
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1940
Total area
4,843 SF
Lot
3.05 ac (132,858 SF)
Zoning code
MULTI-ZONE
APN
043-05-0-040-00
UPID
US80-0946814
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
-
Madison Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$740k
Blend (final)
Blend
$580k
Owner & transaction history
Smp Capital Management Group L.p · 1 yrs held
Smp Capital Management Group L.p
since 2025
Last sale
$493,019
7 recorded transactions
Zoning & alternative use
MULTI-ZONE · 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
$585,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $493k (May 20 2025)
Last sale anchor
$493k
May 20 2025
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
$120 / 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
$10,822
Tax year 2023
Assessed value
$332,560
Assessed 2023
Previous assessed
$332,560
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$332,560
Land market value
$831,400
Total market value
$831,400
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1940
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
2
Bathrooms
1
Total area
4,843 SF
Lot
3.05 ac (132,858 SF)
Zoning code
MULTI-ZONE
APN
043-05-0-040-00
UPID
US80-0946814
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Madison, TN
Zoning MULTI-ZONE · permitted uses
MULTI-ZONE · 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.
Building & site characteristics
From public records
Year built
1940
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
1
Lot
3.05 ac
Current owner
From public records · entity-resolved
Smp Capital Management Group L.p
Entity
Mailing address
1736 GLN ECHO RD, NASHVILLE, TN 37215-2910
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
—
Smp Capital Management Group L.p
Tejal S Patel
Quitclaim Deed
related
—
Mar 15, 2017
—
Tejal S Patel
—
Deed
related
$280,000 · Renasant Bank
Nov 27, 2012
$493,019
Tejal Patel
Green Hills Cottages LLC
Warranty Deed
—
Jul 2, 2007
—
Tejal S Patel
Owner Name Unavailable
Grant Deed
related
—
Mar 14, 2007
—
Tejal S Patel
Patel,sharad M & Daksha S
Quit Claim Deed
related
—
—
—
Sharad M Patel
—
Deed Of Trust
related
$550,000 · Darshana G Patel
—
—
Tejal S Patel
—
Deed Of Trust
related
$152,140 · Tennessee Bank & Trust Co
—
—
Sharad M Patel
—
Deed Of Trust
related
$250,000 · Darshana G Patel
—
—
Sharad M Patel
—
Deed Of Trust
related
$1,224,000 · First State 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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