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Property profile & analytics
OFF-MARKET
Estimated value
$59,290,000
Manufacturing properties
1 Swan Dr 780 Smyrna, TN 37167-2099
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-0450502
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1940
Total area
640,643 SF
Lot
42.9 ac (1,868,724 SF)
APN
019-029.01-000
UPID
US80-0450502
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Building Crafts Inc. Construction Company General Contractor
-
Vi-Jon Industrial Manufacturer Production Facility
-
Berry Global Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$65.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$59.29M
Owner & transaction history
Sfg Nl Vj Smyrna LLC · 4 yrs held
Sfg Nl Vj Smyrna LLC
since 2021
Last sale
$55.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$82.7M
+499.9%
Auto repair, garage
$74.0M
+436.6%
Neighborhood: shopping center
$67.2M
+387.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$60,410,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$70,615,000
6.5%
$65,180,000
7%
$60,525,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$82,700,000
Change: +500% · Conversion: Difficult
AUTO REPAIR, GARAGE
$73,980,000
Change: +437% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$67,165,000
Change: +387% · Conversion: Difficult
RETAIL STORES
$66,535,000
Change: +383% · Conversion: Moderate
MEDICAL BUILDING
$54,390,000
Change: +295% · Conversion: Difficult
Blend value · Realmo final
$59.29M
Range $53.36M – $65.22M · ±10% · vs last sale $55.78M (Sep 13 2021)
Last sale anchor
$55.78M
Sep 13 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$93 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$118,813
Tax year 2023
Assessed value
$4,946,640
Assessed 2024
Previous assessed
$4,946,640
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$1,696,000
Assessed improvement
$3,250,640
Land market value
$4,240,000
Improvement market value
$8,126,600
Total market value
$12,366,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1940
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Bathrooms
126
Total area
640,643 SF
Lot
42.9 ac (1,868,724 SF)
APN
019-029.01-000
UPID
US80-0450502
Jurisdiction
RUTHERFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$82.7M
AUTO REPAIR, GARAGE
Est. value
$74.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$67.2M
RETAIL STORES
Est. value
$66.5M
MEDICAL BUILDING
Est. value
$54.4M
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
126
Lot
42.9 ac
Current owner
From public records · entity-resolved
Sfg Nl Vj Smyrna LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 SWAN DR, SMYRNA, TN 37167-2099
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
$55,784,512
Sfg Nl Vj Smyrna LLC
Vi Jon LLC
Special Warranty Deed
—
Oct 16, 2020
—
Vi-jon LLC
—
Deed
related
—
Aug 21, 2017
—
Vi-jon INC
—
Loan Modification
related
$219,000,000 · Bank Of America
Jan 28, 2013
—
Vi-jon INC
—
Deed Of Trust
related
$155,000,000 · Bank Of America
Aug 25, 1999
$8,300,000
Swan Holdings Cumberland
Perrigo Company
Grant Deed
related
—
Jan 6, 1995
$9,350,000
Cumberland-swan INC
Cumberland-swan,
Grant Deed
related
—
Jul 6, 1994
$500
Cumberland Swan INC
Unknown
Grant Deed
related
—
—
—
Vi-jon LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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