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Property profile & analytics
OFF-MARKET
Estimated value
$4,945,000
Warehouses
650 Myatt Dr Madison, TN 37115-2127
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-2376827
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Total area
32,800 SF
Lot
2.94 ac (128,066 SF)
Zoning code
CS
APN
034-06-0-058-00
UPID
US80-2376827
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
-
Buy Floors Direct Rivergate Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.04M
Comparable Approach
Comparable
$5.75M
Blend (final)
Blend
$4.95M
Owner & transaction history
650 Myatt Drive LLC · 1 yrs held
650 Myatt Drive LLC
since 2024
6 recorded transactions
Zoning & alternative use
CS · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.4M
+25.2%
Office building
$7.2M
+22.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,455,000
6.5%
$5,035,000
7%
$4,675,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,895,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,380,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$7,220,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$4.95M
Range $4.45M – $5.44M · ±10%
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
$151 / 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
$41,905
Tax year 2023
Assessed value
$1,434,120
Assessed 2023
Previous assessed
$1,434,120
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$304,800
Assessed improvement
$1,129,320
Land market value
$762,000
Improvement market value
$2,823,300
Total market value
$3,585,300
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
Year built
2016
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
32,800 SF
Lot
2.94 ac (128,066 SF)
Zoning code
CS
APN
034-06-0-058-00
UPID
US80-2376827
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Madison, TN
Zoning CS · permitted uses
CS · 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
WAREHOUSE, STORAGE Current
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.2M
WAREHOUSE, STORAGE Current
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
Year built
2016
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
650 Myatt Drive LLC
Entity
Free & Clear · 1 yrs held
Mailing address
114 POWELL PL, NASHVILLE, TN 37204-3602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
650 Myatt Drive LLC
Turner & Properties LLC
Quitclaim Deed
related
—
Aug 28, 2020
—
L4 Properties LLC
—
Deed
related
$2,290,909 · Regions Bk
Jun 5, 2015
—
Turner & Hooper Properties LLC
—
Trustees Deed
related
$1,900,000 · Pinnacle Bk
Mar 26, 2015
$720,000
Turner & Hooper Properties LLC
Davis Troy
Warranty Deed
—
Jul 7, 2009
—
Troy W Davis
Bimini Bay LLC
Quit Claim Deed
related
—
—
—
L4 Properties LLC
—
Deed Of Trust
related
$2,290,909 · Regions Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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