0 Burgundy Dr Smyrna, TN 37167
This exceptional 22.95-acre parcel presents a remarkable development opportunity in Smyrna, Tennessee, a thriving community within the Nashville MSA. Located on Burgundy Drive, this fee-simple property is zoned for residential use, offering significant potential for a substantial residential development. The site's strategic location provides easy access to major transportation routes, placing it within a 30-minute commute of Nashville and within a day's drive of 76% of major US cities. Smyrna's robust economy, fueled by major employers like Nissan and Asurion, ensures a strong and growing market for new residential construction. The surrounding area boasts a population of approximately 37,361 within a five-mile radius, projected to increase to 39,998 in the next five years, indicating significant future demand. The property's adjacency to an existing neighborhood further enhances its appeal and development potential, with estimates suggesting the capacity to build over 75 homes. This is a rare opportunity to capitalize on the explosive growth of the Nashville area and create a thriving residential community. The asking price for this exceptional land is $1,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.