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    1268 Lowry St Smyrna, TN 37167-4503
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    1268 Lowry St Smyrna, TN 37167-4503

    View on Map
    • Warehouses
    • 4,000 SF
    • 0.23 lot acres
    Off-Market
    Last Sale Feb 11, 2021
    $1,100,000
    Property ID
    US80-1504352
    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
    $1,130,000
    Show details
    Cap Rate Potential
    2.7%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Finishline Auto Repair & Sales / Car Dealership
    • Finishline Auto Repair / Auto Repair Shop

    Property Details for 1268 Lowry St

    Year built
    1986
    Lot size
    0.23 lot acres
    Property size
    4,000 SF
    Zone code
    C-3
    Property type
    Warehouses
    APN
    049-037.03-000
    APU
    4903703000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,190,000
      ML approach
      $1,135,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,355,000
      AUTO REPAIR, GARAGE
      $1,080,000
      OFFICE BUILDING
      $885,000
      MEDICAL BUILDING
      $820,000
      RETAIL STORES
      $740,000
      NEIGHBORHOOD: SHOPPING CENTER
      $685,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4879
    Latitude
    35.9466
    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
    $0.00
    $51,000
    $36,320
    $87,320
    -
    $127,500
    $90,800
    $218,300

    Comparable in this City

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    • Value Estimation by Request
      1,224 SF

      580 Lowry St

      MINI-WAREHOUSE, STORAGE • 1,224 SF
      580 Lowry St, Smyrna, TN 37167-3818
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    • Value Estimation
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      503,568 SF

      1900 Midway Ln, Unit 1974

      WAREHOUSE, STORAGE • 503,568 SF
      1900 Midway Ln, Smyrna, TN 37167-5872
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    • Value Estimation
      $22,155,000
      375,856 SF

      2300 Midway Ln, Unit 2375

      WAREHOUSE, STORAGE • 375,856 SF
      2300 Midway Ln, Smyrna, TN 37167-5880
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    • Value Estimation
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      21,000 SF

      460 9th Ave

      WAREHOUSE, STORAGE • 21,000 SF
      460 9th Ave, Smyrna, TN 37167-2010
      View Details
    • Value Estimation
      $1,115,000
      14,608 SF

      250 Doug Warpoole Rd, Unit 278

      WAREHOUSE, STORAGE • 14,608 SF
      250 Doug Warpoole Rd, Smyrna, TN 37167-5677
      View Details

    Similar Nearby for Sale

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      8,220 SF

      Class A Flex Space Building

      New flex space building with warehouse, showroom, and office space.
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      360 Sam Ridley Pkwy W, Smyrna, TN 37167

      Commercial land
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      Land Near Nissan Plant

      Commercial land available across from Nissan North America Plant.
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      Smyrna Land For Sale

      Land available in Smyrna, Tennessee.
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      Smyrna Flex Space: Prime Location

      High-traffic area, 8220 sq ft flex space.
      5824 New Nashville Hwy, Smyrna, TN 37167
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      1.10 Acres

      Smyrna Commercial Land - 1.1 Acres

      Prime Smyrna location, near Nissan plant. High-traffic area.
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    Similar Nearby for Lease

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      240,000 SF

      Smyrna Warehouse Near I-24

      240,000 SF warehouse in Smyrna, less than 1 mile from I-24.
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      147,264 SF

      New Industrial Space Near I-24

      New Class A industrial space with easy access to I-24.
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      137,057 SF

      Smyrna Industrial Warehouse For Lease

      274,115 SF warehouse ideal for local and regional distribution.
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      Smyrna Warehouse Space Available

      236,632 SF warehouse space in Smyrna, Tennessee.
      802 Swan Dr, Smyrna, TN 37167
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    • Contact for pricing
      25,600 SF

      Smyrna Warehouse Space Available

      25,600 SF warehouse space for lease in Smyrna, Tennessee.
      615 Enon Springs Rd E, Smyrna, TN 37167
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    • Contact for pricing
      6,564 SF

      Smyrna Retail Space Available

      Retail space available for lease in Smyrna, Tennessee.
      819 Industrial Blvd, Smyrna, TN 37167
      View Details
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    1268 Lowry St
    Smyrna, TN 37167-4503
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    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
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