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Property profile & analytics
OFF-MARKET
Estimated value
$9,875,000
Industrial land
700 Myatt Dr Madison, TN 37115-2168
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1512561
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1974
Total area
153,852 SF
Lot
0.17 ac (7,405 SF)
Zoning code
MULTI-ZONE
APN
034-06-0-063-00
UPID
US80-1512561
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
-
BlueLinx Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.88M
Owner & transaction history
700 Myatt Dr Owner LLC · 4 yrs held
700 Myatt Dr Owner LLC
since 2022
Last sale
$9.9M
4 recorded transactions
Zoning & alternative use
MULTI-ZONE · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.0M
+15.7%
Neighborhood: shopping center
$14.0M
+8.3%
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
$9,650,000
ML approach
$10,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,955,000
Current use
OFFICE BUILDING
$14,995,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,035,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$9.88M
Range $8.89M – $10.86M · ±10% · vs last sale $9.87M (Mar 23 2022)
Last sale anchor
$9.87M
Mar 23 2022
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
$64 / 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
$23
Tax year 2023
Assessed value
$800
Assessed 2023
Previous assessed
$3,065,480
-100.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$800
Land market value
$2,000
Total market value
$2,000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1974
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
153,852 SF
Lot
0.17 ac (7,405 SF)
Zoning code
MULTI-ZONE
APN
034-06-0-063-00
UPID
US80-1512561
Jurisdiction
DAVIDSON
Zoning & alternative use
MULTI-ZONE · Madison, TNZoning 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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.0M
OFFICE BUILDING
Est. value
$15.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1974
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
700 Myatt Dr Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9450 BRYN MAWR AVE STE #750, ROSEMONT, IL 60018-5253
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
$9,874,612
700 Myatt Dr Owner LLC
Bip III Madison LLC
Special Warranty Deed
—
Jan 6, 2020
$7,500,000
Bip III Madison LLC
Abp Tn Madison LLC
Grant Deed
$22,675,000 · Societe General Financial Corp
Sep 18, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 31, 2006
$3,113,000
Diamond Hill Plywood Co INC
Rivergate Partners
Grant Deed
$3,700,000 · Bank Of America
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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