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Property profile & analytics
OFF-MARKET
Estimated value
$3,970,000
Theaters & concert halls
721 Myatt Dr Madison, TN 37115-2169
Individually Owned
4-yr Hold
Free & Clear
Property ID
US80-1377006
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1995
Total area
36,353 SF
Lot
8.61 ac (375,052 SF)
Zoning code
MULTI-ZONE
APN
034-06-0-009-00
UPID
US80-1377006
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$3.97M
Owner & transaction history
The Madison Suburban Utility Distri · 4 yrs held
The Madison Suburban Utility Distri
since 2022
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
MULTI-ZONE · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+172.3%
Medical building
$5.0M
+106.5%
Warehouse, storage
$4.6M
+90.3%
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
$3,910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$2,425,000
Current use
AUTO REPAIR, GARAGE
$6,600,000
Change: +172% · Conversion: Difficult
MEDICAL BUILDING
$5,005,000
Change: +106% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,615,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$3,545,000
Change: +46% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,315,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$3.97M
Range $3.57M – $4.37M · ±10% · vs last sale $4.00M (Feb 14 2022)
Last sale anchor
$4.00M
Feb 14 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
$109 / 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
Previous assessed
$1,672,400
Land market value
$2,250,300
Improvement market value
$1,930,700
Total market value
$4,181,000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1995
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
36,353 SF
Lot
8.61 ac (375,052 SF)
Zoning code
MULTI-ZONE
APN
034-06-0-009-00
UPID
US80-1377006
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.
Alternative use value scenarios
Repositioning upside vs current use
THEATER (MOVIE) Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.6M
OFFICE BUILDING
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
THEATER (MOVIE) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1995
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
8.61 ac
Current owner
From public records · entity-resolved
The Madison Suburban Utility Distri
Individual
Free & Clear · 4 yrs held
Mailing address
108 W WEBSTER ST, MADISON, TN 37115-4608
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
$4,000,000
The Madison Suburban Utility Distri
American Multi Cinema INC
Special Warranty Deed
—
Sep 30, 1994
$700,000
Carmike Cinemas INC
Unknown,
Grant Deed
—
May 26, 1989
$1,884,249
Third Nat'l Bank
Unknown
Grant Deed
related
—
—
—
Carmike Cinemas INC
—
Deed Of Trust
related
—
—
—
Carmike Cinemas INC
—
Deed Of Trust
related
—
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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