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Property profile & analytics
OFF-MARKET
Estimated value
$5,815,000
Outlet malls
725 Myatt Dr, Madison, TN 37115-2169
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US80-1923969
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1988
Total area
52,731 SF
Lot
5.37 ac (233,917 SF)
Zoning code
CS
APN
034-06-0-008-00
UPID
US80-1923969
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
-
Super Home Center Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.82M
Owner & transaction history
Russett Partners Of Tennessee LLC · 17 yrs held
Russett Partners Of Tennessee LLC
since 2008
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$110 / 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
$47,264
Tax year 2023
Assessed value
$1,617,520
Assessed 2023
Previous assessed
$1,617,520
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$596,960
Assessed improvement
$1,020,560
Land market value
$1,492,400
Improvement market value
$2,551,400
Total market value
$4,043,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1988
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
52,731 SF
Lot
5.37 ac (233,917 SF)
Zoning code
CS
APN
034-06-0-008-00
UPID
US80-1923969
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.
Building & site characteristics
From public records
Year built
1988
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
5.37 ac
Current owner
From public records · entity-resolved
Russett Partners Of Tennessee LLC
Entity
Mailing address
PO BOX 51482, BOWLING GREEN, KY 42102-5782
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2018
—
Pri Properties LLC
—
Deed
related
$4,450,000 · Edmonton St Bk
Feb 8, 2018
—
Russett Ptrs Of Tennessee LLC
—
Deed
related
$4,450,000 · Edmonton St Bk
Sep 19, 2008
—
Russett Partners Of Tennessee LLC
Hre Nashville LLC
Grant Deed
$1,350,000 · Edmonton St Bank
Apr 4, 2008
—
Hre Nashville LLC
Sofa Express INC
Grant Deed
—
Feb 26, 1998
$900,000
Sofa Connection INC
Edgertown,russel
Grant Deed
—
Oct 3, 1996
$51,157
Cashways Payless
Unknown
Grant Deed
$1,650,000 · Canadian Imperial Bank Of Comm
Feb 17, 1988
$51,157
Payless Cashways INC
Unknown
Grant Deed
—
—
—
Pri Properties LLC
—
Loan Modification
related
$4,450,000 · Edmonton St Bk
—
—
Russett Partners Of Tennessee LLC
—
Deed Of Trust
related
$600,000 · Edmonton St Bank
—
—
Russett Partners Of Tennessee LLC
—
Deed Of Trust
related
$600,000 · Edmonton St Bank
—
—
Russett Ptrs Of Tennessee LLC
—
Deed Of Trust
related
$4,450,000 · Edmonton St Bk
—
—
Russett Ptrs Of Tennessee LLC
—
Deed Of Trust
related
$3,511,000 · Edmonton St Bk
—
—
Russett Ptrs Of Tennessee LLC
—
Deed Of Trust
related
$1,000,000 · Edmonton St 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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