Refreshed Office
For Sale
Contact for pricing
423 Smyrna Square Dr, Smyrna, TN 37167
The unit has been repainted and cleaned, providing a refreshed interior for office use.
Property Size800 SF
Price / SF$1.84
Days on Market30
Property Features for 423 Smyrna Square Dr
General Information
Standard status
Active
Size
800 SF
Property subtype
Office
Building Details
Year Built
1981
Listing Agency:
Stones River Property Mgmt and Real Estate Service
(615) 849-9227
Listed By:
Cole Hodges · License #368949
(615) 653-5150
Source:
Movehomenashville
Added: Oct 1
Changed: Oct 29
Last Checked: Oct 29 at 2:38PM
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 Stones River Property Mgmt and Real Estate Service
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 800-square-foot office unit at 423 Smyrna Square Dr in Smyrna was built in 1981. Recent interior work includes new paint and cleaning, giving the space a refreshed presentation.
Key Highlights
- 800 square feet
- Built in 1981
- Recently repainted and cleaned
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,385
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,700
$267.7K
Cap Rate 7%
$191,214
$191.2K
Cap Rate 9%
$148,722
$148.7K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$21.1K $26.40/SF
− Vacancy
−$3.3K −$4.09/SF
EGI
$17.8K $22.31/SF
− OpEx
−$4.5K −$5.58/SF
NOI
$13.4K $16.73/SF
Area
Rutherford County, TN
Vacancy
15.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,700
Cap Rate 7%
$191,214
Cap Rate 9%
$148,722
Alternative Uses
Best Use
Office B
$191.2K
$167.3K – $223.1K
NOI $13,385 @ 7.0% cap · market cap 910.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$276.5K
$241.9K – $322.6K
NOI $19,354 @ 7.0% cap · market cap 1,316.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The unit has been repainted and cleaned, providing a refreshed interior for office use.
Where is this office unit located?
The property is located at 423 Smyrna Square Dr Smyrna, TN.
What are key features of this property?
This property features: 800 square feet; Built in 1981; Recently repainted and cleaned
