Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1022 Nissan Dr Smyrna, TN 37167-4436
    Back to Search
    Property profile & analytics

    1022 Nissan Dr, Smyrna, TN 37167-4436

    View on Map
    • Office buildings
    • 43,700 SF
    • 2.60 lot acres
    Off-Market
    Property ID
    US80-1581819
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Compass Self Storage / Storage Facility
    • M&M'S Tools & Equipment, LLC / Big Box & Wholesale Store / Building Supply

    Property Details for 1022 Nissan Dr

    Year built
    1991
    Construction
    FRAME
    Lot size
    2.60 lot acres
    Zone code
    I-2
    Property type
    Office buildings
    APN
    034-038.01-000
    APU
    3403801000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,825,000
      Market price range: $2.83M - $7.62M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4972
    Latitude
    35.9624
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,839
    $162,280
    $413,880
    $576,160
    -
    $405,700
    $1,034,700
    $1,440,400

    Comparable in this City

    • Value Estimation by Request
      870 SF

      523 Enon Spgs Rd Ek

      OFFICE BUILDING
      523 Enon Spgs Rd Ek, Smyrna, TN 37167-4446
      View Details
    • Value Estimation by Request
      1,230 SF

      529 Enon Spgs Rd En

      OFFICE BUILDING
      529 Enon Spgs Rd En, Smyrna, TN 37167
      View Details
    • Value Estimation by Request
      1,597 SF

      611 Potomac Pl Ste, Unit 105

      OFFICE BUILDING
      611 Potomac Pl Ste, Smyrna, TN 37167-5655
      View Details
    • Value Estimation
      $1,525,000
      8,700 SF

      10157 Old Nashville Hwy

      OFFICE BUILDING
      10157 Old Nashville Hwy, Smyrna, TN 37167-5061
      View Details
    • Value Estimation
      $665,000
      2,650 SF

      204 Enon Spgs E Rd

      OFFICE BUILDING
      204 Enon Spgs E Rd, Smyrna, TN 37167-3011
      View Details
    • Value Estimation by Request
      1,200 SF

      611 Potomac Pl Ste, Unit 102

      OFFICE BUILDING
      611 Potomac Pl Ste, Smyrna, TN 37167-5655
      View Details

    Similar Nearby for Sale

    • $3,950,000

      Smyrna Office Building For Sale

      13,500 SF office building in the heart of Smyrna, TN.
      105 Threet Industrial Rd, 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
    • Contact for pricing
      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
    • Contact for pricing
      8,220 SF

      Class A Flex Space Building

      New flex space building with warehouse, showroom, and office space.
      Undisclosed Address In, 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, TN 37167
      View Details
    • $384,900
      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

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center in Smyrna, TN

      New retail center in the heart of Smyrna's medical district.
      2160 Rock Springs Rd, Smyrna, TN 37167
      View Details
    • Contact for pricing
      21,872 SF

      Smyrna Medical Office Space Available

      Medical office space for lease in Smyrna, Tennessee.
      739 President Pl, Smyrna, TN 37167
      View Details
    • Contact for pricing

      Retail Space in Smyrna Square

      Retail space available for rent in Smyrna, Tennessee.
      423 Smyrna Square Dr, Smyrna, TN 37167
      View Details
    • Contact for pricing
      240,000 SF

      Smyrna Warehouse Near I-24

      240,000 SF warehouse in Smyrna, less than 1 mile from I-24.
      2000 Midway Ln, Smyrna, TN 37167
      View Details
    • Contact for pricing
      4,169 SF

      Retail Space in Smyrna, TN

      Retail space available for lease in Smyrna, Tennessee.
      830 Nissan Dr, Smyrna, TN 37167
      View Details
    • Contact for pricing
      3,075 SF

      Restaurant Building with Drive-Thru

      3,075 SF restaurant space with drive-thru in Smyrna, TN.
      450 Enon Springs Rd E, Smyrna, TN 37167
      View Details
    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.
    1022 Nissan Dr
    Smyrna, TN 37167-4436
    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

    Thank You for Inquiry
    1022 Nissan Dr, Smyrna, TN, 37167
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!