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Property profile & analytics
OFF-MARKET
Estimated value
$9,470,000
Refrigerated & Cold Storage
125 3rd Industrial Rd Smyrna, TN 37167-5690
Entity Owned
28-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1923801
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1997
Construction
ARCHED/DOME
Total area
99,596 SF
Lot
32.14 ac (1,400,018 SF)
Zoning code
I-3
APN
018-006.02-000
UPID
US80-1923801
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.47M
Owner & transaction history
UNITED STATES COLD
UNITED STATES COLD
Zoning & alternative use
I-3 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,330,000
6.5%
$12,305,000
7%
$11,425,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,480,000
Current use
Blend value · Realmo final
$9.47M
Range $8.52M – $10.42M · ±10%
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
$95 / 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
$120,361
Tax year 2023
Assessed value
$5,011,080
Assessed 2024
Previous assessed
$5,011,080
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$1,145,520
Assessed improvement
$3,865,560
Land market value
$2,863,800
Improvement market value
$9,663,900
Total market value
$12,527,700
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1997
Construction
ARCHED/DOME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
9
Total area
99,596 SF
Lot
32.14 ac (1,400,018 SF)
Zoning code
I-3
APN
018-006.02-000
UPID
US80-1923801
Jurisdiction
RUTHERFORD
Zoning & alternative use
I-3 · Smyrna, TN
Zoning I-3 · permitted uses
I-3 · Smyrna, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smyrna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$12.5M
WAREHOUSE, STORAGE Current
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
1997
Construction
ARCHED/DOME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
9
Lot
32.14 ac
Current owner
From public records · entity-resolved
UNITED STATES COLD
Individual
Free & Clear · 0 yrs held
Mailing address
1727 JP HENNESSY DR, LA VERGNE, TN 37086-3526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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