Smyrna Commercial Building For
264 S Lowry St, Smyrna, TN 37167
For Sale
Contact for pricing
Highly visible commercial building in Smyrna, Tennessee with flexible layout.
Property Size2,379 SF
Price / SF$273.22
Days on Market231
Property Features for 264 S Lowry St
General Information
Standard status
Size
Class
Property subtype
Zoning
Building Details
Year Built
Buildings
Listing Agency:
Stevens Group Commercial Real Estate
Listed By:
Rusty Rust · License TN #00231953
(615) 406-5553
Source:
Crexi
Added: Mar 24
Changed: Nov 6
Last Checked: Nov 8 at 8:31AM
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 Stevens Group Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located in Smyrna, Tennessee, the property at 294 S Lowry St is a 2,379 SF commercial building situated along a busy corridor. The location benefits from approximately 25,000 vehicles per day passing the property, providing exposure for retail, office, or service-oriented businesses. The building is configured as a single tenant space, but the layout allows for division into two separate suites, each with individually metered utilities. The property is positioned on S Lowry Street and benefits from traffic, established surrounding businesses, and access to the Smyrna and Nashville, Tennessee markets.
Key Highlights
- High visibility location on a busy corridor with approximately 25,000 vehicles per day.
- 2,379 SF commercial building suitable for retail, office, or service‑oriented businesses.
- Potential for multi‑tenant use with the ability to divide into two separate suites with individually metered utilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,291
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,820
$1.1M
Cap Rate 7%
$775,586
$775.6K
Cap Rate 9%
$603,233
$603.2K
Market Conditions
NOI Build-Up for 2,379 SF
Gross rent
$80.8K $33.96/SF
− Vacancy
−$3.2K −$1.36/SF
EGI
$77.6K $32.60/SF
− OpEx
−$23.3K −$9.78/SF
NOI
$54.3K $22.82/SF
Area
Rutherford County, TN
Vacancy
4.00%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,820
Cap Rate 7%
$775,586
Cap Rate 9%
$603,233
Alternative Uses
Best Use
Retail
$775.6K
$678.6K – $904.9K
NOI $54,291 @ 7.0% cap · market cap 8.35%
Second Best
Office B
$459.7K
$402.3K – $536.4K
NOI $32,181 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$822.2K
$719.4K – $959.2K
NOI $57,553 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 37167, TN
61,731
Population
23,694
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
55.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$79,720
Median Household Income
$42,705
Median Earnings
$1,359
Median Rent
$330,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Highly visible commercial building in Smyrna, Tennessee with flexible layout.
Where is this retail space located?
The property is located at 264 S Lowry St Smyrna, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High visibility location on a busy corridor with approximately 25,000 vehicles per day.; 2,379 SF commercial building suitable for retail, office, or service‑oriented businesses.; Potential for multi‑tenant use with the ability to divide into two separate suites with individually metered utilities.
