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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Drive through restaurants
719 Myatt Dr Madison, TN 37115-2169
Entity Owned
~
Est. High Equity
Property ID
US80-0235631
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1997
Total area
3,694 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CS
APN
034-06-0-053-00
UPID
US80-0235631
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
-
Steak 'n Shake Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.35M
Owner & transaction history
Steak N Shake Properties INC
Steak N Shake Properties INC
since 2026
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
CS · 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
$1,290,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,835,000
Current use
AUTO REPAIR, GARAGE
$1,805,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,750,000
Change: -5% · Conversion: Easy
RETAIL STORES
$1,565,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±10% · vs last sale $1.39M (Jul 14 2023)
Last sale anchor
$1.39M
Jul 14 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
$364 / 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
$16,477
Tax year 2023
Assessed value
$563,880
Assessed 2023
Previous assessed
$563,880
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$217,440
Assessed improvement
$346,440
Land market value
$543,600
Improvement market value
$866,100
Total market value
$1,409,700
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1997
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,694 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CS
APN
034-06-0-053-00
UPID
US80-0235631
Jurisdiction
DAVIDSON
Zoning & alternative use
CS · Madison, TNZoning CS · permitted uses
CS · 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
RESTAURANT Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
RESTAURANT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1997
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Steak N Shake Properties INC
Entity
Mailing address
107 S PENNSYLVANIA 1ST ST #400, INDIANAPOLIS, IN 46204
Ownership since
2026
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
Apr 21, 2026
—
Steak N Shake Properties INC
Steak N Shake INC
Quitclaim Deed
related
$225,000,000 · Citibank Nys
Feb 14, 2025
—
Steak N Shake INC
—
Deed
related
$75,000,000 · International Bank Of Commerce
Jul 14, 2023
$1,385,000
Steak N Shake INC
Edmund D Collier
Warranty Deed
—
Nov 17, 2020
$1,300,000
Collier,e & T Living Trust
Campbell Stewart JR Le Trust
Grant Deed
—
Aug 8, 2013
—
Campbell,stewart JR Trust
Campbell,stewart JR
Quit Claim Deed
related
—
Oct 28, 1999
$915,000
Stewart Campbell
Steak N Shake INC
Grant Deed
—
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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