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

    637 Lowry St Smyrna, TN 37167

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,650,000

    Commercial property with lease in place through July 2027.

    Property size:
    1,449 SF
    Lot size:
    0.47 Acres

    Property Features for 637 Lowry St

    General Information

    Standard status
    Active
    Size
    1,449 SF
    Lot size
    0.47 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Gabrielle Hanson
    Gabrielle Hanson
    Source: Corcoran

    Listing Agency: WILLIAMSON REAL ESTATE Listing Agent: Gabrielle Hanson

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

    Learn more

    Overview

    Commercial Property in High-Demand Smyrna

    This commercial property is located on a high-traffic corridor in Smyrna, situated between Sam Ridley Parkway and Nissan Drive. The property, currently used as a car lot, features approximately 1,450 square feet of space and is zoned for commercial use. A lease is in place through July 2027, generating $6,000 per month. The site includes almost one-half acre of flat land with two buildings. Public utilities are available. This commercial property is located in Smyrna.
    Location Intelligence

    Current Use by Public Records

    AUTO UNION INC. Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    Falcon Auto Repiars

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5032038
    Latitude
    35.9652828

    Nearby Similar for Sale

    • $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
    • New
      $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
    • $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
    • $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 37167
      View Details
    • $524,900
      1,450 SF

      Versatile Commercial House in Smyrna

      Adaptable 1,450 sqft commercial house on 18,000 sqft lot.
      103 Morgan Ave, 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
    • Contact for pricing
      2,000 SF

      Industrial/Flex Condo For Sale

      2,000 SF industrial/flex condo in a business park.
      871 Seven Oaks Blvd, 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
    • Contact for pricing
      14,550 SF

      Walgreens NNN Asset For Sale

      Single tenant Walgreens with a 13-year primary term.
      806 Nissan Dr, Smyrna, TN 37167
      View Details
    • Contact for pricing
      16,214 SF

      New Retail Building on Parkway

      Freestanding retail building with dock doors and highway visibility.
      560 Sam Ridley Pkwy West, Smyrna, TN 37167
      View Details
    • Contact for pricing
      20,000 SF

      Smyrna Airport Hangar Facility

      20,000 SF hangar at Smyrna Rutherford County Airport.
      276 Doug Warpool Dr, Smyrna, TN 37167
      View Details
    • Contact for pricing

      Smyrna Specialty Property For Sale

      Specialty property available for purchase in Smyrna, Tennessee.
      Address Not Disclosed, Smyrna, TN
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Commercial property with lease in place through July 2027.
    Where is this parking lot & garage located?
    The property is located at 637 Lowry St Smyrna, TN.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - High traffic location in Smyrna between Sam Ridley and Nissan Dr.; - Existing lease in place through July 2027 generating $6,000 per month.; - Zoned commercial.
    (615) 946-4200
    Request Owner's contact information
    637 Lowry St Smyrna, TN 37167
    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.
    637 Lowry St
    Smyrna, TN 37167
    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
    637 Lowry St Smyrna, TN 37167
    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

    We can help!
    Listing Contact
    Gabrielle Hanson
    Gabrielle Hanson
    (615) 946-4200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!