Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    2124 Stonecrest Pkwy Smyrna, TN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land for development in an active retail corridor.

    Type:LAND
    Lot size:
    5.50 Acres
    Added:
    Oct 4, 2024
    Days on Market:
    574
    Last Refresh:
    Apr 5 at 11:15 pm

    Property Features for 2124 Stonecrest Pkwy

    General Information

    Standard status
    Active
    Lot size
    5.50 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Michael W. Groos

    Listing agent Michael W. Groos

    Listing office Charles Hawkins Co.

    Listing date Oct 4, 2024

    Source Moodyscre

    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 Charles Hawkins Co.

    Overview

    Commercial Land in Retail Corridor

    This commercial land offers a prime opportunity for development in an active retail corridor. The property is zoned C-2 and is ideally located off Sam Ridley Parkway, which experiences an average annual daily traffic count of 60,593. It provides immediate access to Interstate 24, with a traffic count of 128,347 AADT. The location is adjacent to TriStar Stonecrest Medical Center and a BP gas station at 2124 Rock Springs Road, near the corner of Rock Springs Road and Stonecrest Parkway. Approximately 102,048 residents live within a 5-mile radius, with an average annual income of $83,483.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5632
    Latitude
    35.9776

    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
    • $384,900
      2,148 SF

      Smyrna Live/Work Townhome Opportunity

      2019 end-unit townhome perfect for entrepreneurs or professionals.
      1035 Avery Park Dr, 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
    • $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
    • $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
    • $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
    • $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
    • $3,500,000

      Smyrna Land For Sale

      Land available in Smyrna, Tennessee.
      10541 Cedar Grove Rd, Smyrna, TN 37167
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for development in an active retail corridor.
    Where is this commercial land located?
    The property is located at 2124 Stonecrest Pkwy Smyrna, TN.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: Immediate access to I‑24 (128,347 AADT); Ideal location off Sam Ridley Pkwy (60,593 AADT); Zoned: C‑2
    (615) 405-5902 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael W. Groos
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!