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

    276 Doug Warpool Drive Smyrna, TN 37167

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    20,000 SF hangar at Smyrna Rutherford County Airport.

    Type:Airport Hangar
    Property size:
    20,000 SF
    Added:
    Nov 26, 2025
    Days on Market:
    128
    Last Refresh:
    Apr 1 at 9:27 pm

    Property Features for 276 Doug Warpool Drive

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Property subtype
    Airport Hangar

    We can help!

    Listing Contact
    Lee Ann James, CCIM

    Listing agent Lee Ann James, CCIM

    Listing office Lee & Associates | Nashville

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Lee & Associates | Nashville

    Overview

    Smyrna Airport Hangar Facility

    This 20,000 SF hangar facility is strategically located at Smyrna Rutherford County Airport (MQY), one of Middle Tennessee’s fastest-growing general aviation hubs. The property is situated on a long-term ground lease. Its location provides convenient access to I-24 and I-840, and is approximately 25 minutes from downtown Nashville. This hangar facility is suitable for corporate flight departments, private aviation users, maintenance operations, and investors.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Map

    City
    Smyrna
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5116
    Latitude
    35.9595

    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
    • $389,900
      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
    • $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
    • $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
    • $1,196,581
      655 SF

      Smyrna TN Scooters Coffee Investment

      New 2023 construction Scooters Coffee with long-term lease.
      366 Sam Ridley Pkwy W, Smyrna, TN 37167
      View Details

    FAQs

    What type of property is this?
    Aviation real estate - 20,000 SF hangar at Smyrna Rutherford County Airport.
    Where is this aviation real estate located?
    The property is located at 276 Doug Warpool Drive Smyrna, TN.
    What are key features of this property?
    This property features: 20,000 SF hangar facility suitable for various aviation purposes.; Located at Smyrna Rutherford County Airport (MQY), a fast‑growing aviation hub.; Long‑term ground lease.
    (615) 866-5591
    We can help!
    Listing Contact
    Lee Ann James, CCIM
    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!