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Property profile & analytics
OFF-MARKET
Estimated value
$1,955,000
Theaters & concert halls
726 Old Hickory Blvd Madison, TN 37115-3516
Entity Owned
16-yr Hold
Free & Clear
Property ID
US80-2567815
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1957
Total area
29,280 SF
Lot
43.39 ac (1,890,068 SF)
Zoning code
MULTI-ZONE
APN
042-00-0-019-00
UPID
US80-2567815
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
-
Cafe Nash Cafe & Coffee Shop
-
Cornerstone Nashville Church
-
Cornerstone Christian Preschool High School Daycare Center
-
Regeneration Nashville Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.96M
Owner & transaction history
Cornerstone Ch Of Nashville INC · 16 yrs held
Cornerstone Ch Of Nashville INC
since 2010
5 recorded transactions
Zoning & alternative use
MULTI-ZONE · Madison, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+46.2%
Neighborhood: shopping center
$2.7M
+36.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$1,955,000
Current use
OFFICE BUILDING
$2,855,000
Change: +46% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,670,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$1.96M
Range $1.76M – $2.15M · ±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
$67 / 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
Land market value
$1,952,600
Improvement market value
$4,592,700
Total market value
$6,545,300
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1957
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
29,280 SF
Lot
43.39 ac (1,890,068 SF)
Zoning code
MULTI-ZONE
APN
042-00-0-019-00
UPID
US80-2567815
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
$2.0M
OFFICE BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
THEATER (MOVIE) 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
1957
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
43.39 ac
Current owner
From public records · entity-resolved
Cornerstone Ch Of Nashville INC
Entity
Free & Clear · 16 yrs held
Mailing address
726 W OLD HICKORY BLVD, MADISON, TN 37115-3516
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Nov 27, 2019
—
Cornerstone Ch Of Nashville INC
—
Grant Deed
related
$2,035,000 · Assemblies/god Ln Fin
Nov 27, 2017
—
Cornerstone Ch Of Nashvilleinc
—
Grant Deed
related
$18,740,000 · Assemblies/god Ln Fin
Feb 4, 2010
$470,000
Cornerstone Ch Of Nashville INC
Bowman Emily H
Trustees Deed
—
Oct 9, 2009
$400,000
Jerry Harlan
Jackson,eugene A & Janette L
Quit Claim Deed
related
—
Aug 5, 1994
$60,000
Surburban Utility Distri Madison
Unknown,
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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