Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Smyrna Live/Work Townhome Opportunity Title is generated by Realmo AI

    1035 Avery Park Dr, Smyrna, TN 37167

    View on Map
    Claim this Listing
    For Sale
    $384,900

    2019 end-unit townhome perfect for entrepreneurs or professionals.

    Type:Commercial
    Property size:
    2,148 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $179/SF
    Added:
    Jan 22, 2026
    Days on Market:
    133
    Last Refresh:
    Apr 5 at 9:17 pm

    Property Features for 1035 Avery Park Dr

    General Information

    Standard status
    Active
    Size
    2,148 SF
    Lot size
    0.04 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2019

    We can help!

    Listing Contact
    TYLER FORTE

    Listing agent TYLER FORTE

    Listing office FELIX HOMES

    Listing date Jan 22, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of FELIX HOMES

    HighLights

    • Rare live/work townhome designed to eliminate commercial rent, operate your business on the first floor and live comfortably on the upper floors.
    • End‑unit with abundant natural light and windows throughout.
    • Enjoy the open‑concept second floor featuring LVP flooring, granite countertops, and three large balconies.
    • First‑floor flex space suitable for office or retail uses with a sliding barn door for work‑life separation.
    • Semi‑finished garage provides bonus square footage for workspace, storage, or studio space.
    • Convenient location near I‑24, providing easy access to Nashville, BNA, Nissan plant, and Murfreesboro.

    Overview

    This 2,148 square foot end-unit townhome, built in 2019, is located in the Lenox of Smyrna community. Designed as a live/work residence, the property features a first-floor flex space suitable for office or retail uses, with the upper levels serving as a modern home filled with natural light. The home includes 3 bedrooms, 2 full baths, and 2 half baths. The second floor features an open-concept kitchen, dining, and living area with LVP flooring and ceramic tile, granite countertops, and access to three large balconies. Upstairs, the bedrooms are generously sized and well laid out. A sliding barn door separates the first-floor flex space from the main living areas. The semi-finished garage provides additional workspace, storage, or studio space and can be converted back to a traditional garage. The home benefits from fresh exterior paint, a tree-lined neighborhood entrance, and a quieter interior location. It is located off I-24, 30 minutes from Nashville or BNA, 5 minutes from the Nissan plant, and 15 minutes from Murfreesboro. The first-floor flex space is ideal for a variety of office or retail uses, allowing an entrepreneur or professional to work from home.
    Property Profile Location Intelligence

    Current Use by Public Records

    K-Pop N More (Bike/Boat/Book/etc) Store K-Venience Grocery & Convenience Store

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Department Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.506
    Latitude
    35.9451

    Nearby Similar for Sale

    • $750,000
      3,909 SF

      Historic Schoolhouse with Commercial Kitchen

      Unique 1920s schoolhouse near Smyrna Depot District with commercial kitchen.
      300 Maple St, Smyrna, TN 37167
      View Details
    • $700,000
      2,379 SF

      Smyrna Commercial Building For Sale

      Highly visible commercial building in Smyrna, Tennessee with flexible layout.
      294 S Lowry St, Smyrna, TN 37167
      View Details
    • $700,000
      2,379 SF

      Smyrna Commercial Building For Sale

      Highly visible commercial building in Smyrna, Tennessee with flexible layout.
      264 S Lowry St, Smyrna, TN 37167
      View Details
    • $3,500,000
      9,700 SF

      Pine Wood Office Complex ForSale

      Two-building office complex in high-traffic area near Stonecrest Medical
      10541 Cedar Grove Rd, Smyrna, TN 37167
      View Details
    • $3,950,000
      13,500 SF

      Smyrna Office Building For Sale

      13,500 SF office building in the heart of Smyrna, TN.
      105 Threet Industrial, Smyrna, Tennessee 37167
      View Details
    • $775,000
      3,909 SF

      1920s Schoolhouse Near Smyrna Depot

      Unique property blending vintage charm with modern functionality near Smyrna.
      300 Maple St, Smyrna, TN 37167
      View Details
    • $3,850,000
      2,325 SF

      New Chipotle with Drive-Thru

      New construction Chipotle with drive-thru, corporately guaranteed, long-term lease.
      800 Seven Oaks Blvd, Smyrna, TN
      View Details
    • $1,100,000
      3,660 SF

      Downtown Smyrna Leased Commercial Property

      Fully leased commercial property in Downtown Smyrna with established tenants.
      260 S Lowry St, Smyrna, TN 37167
      View Details
    • $2,899,999
      8,220 SF

      Class A Flex Space Building

      New flex space building with warehouse, showroom, and office space.
      5824 New Nashville Hwy, Smyrna, TN 37167
      View Details
    • $439,900
      1,450 SF

      Versatile Commercial House in Smyrna

      Adaptable 1,450 sqft commercial house on 18,000 sqft lot.
      103 Morgan Ave, Smyrna, Smyrna, TN 37167
      View Details
    • $5,616,000
      14,550 SF

      Walgreens NNN Asset For Sale

      Single tenant Walgreens with a 13-year primary term.
      806 Nissan Dr, Smyrna, TN
      View Details
    • $2,500,000
      3,906 SF

      Rutherford County Baptist Church For Sale

      Church property on 11.8 acres with multiple buildings.
      5742 Seminary Rd, Smyrna, TN 37167
      View Details

    FAQs

    What type of property is this?
    Live-work space - 2019 end-unit townhome perfect for entrepreneurs or professionals.
    Where is this live-work space located?
    The property is located at 1035 Avery Park Dr Smyrna, TN.
    What is the asking price?
    The asking price for this property is $384,900.
    What are key features of this property?
    This property features: Rare live/work townhome designed to eliminate commercial rent, operate your business on the first floor and live comfortably on the upper floors.; End‑unit with abundant natural light and windows throughout.; Enjoy the open‑concept second floor featuring LVP flooring, granite countertops, and three large balconies.
    (615) 354-5731
    We can help!
    Listing Contact
    TYLER FORTE
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1035 Avery Park Dr, Smyrna, TN 37167
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!