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Property profile & analytics
OFF-MARKET
Estimated value
$4,060,000
Drug stores
1300 Hazelwood Dr Smyrna, TN 37167-3922
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0045991
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2008
Construction
FRAME
Total area
14,466 SF
Lot
1.52 ac (66,211 SF)
APN
033L-F-001.00-000
UPID
US80-0045991
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Linda G. Gardner, PharmD Pharmacy
-
Sallie D. Parton, RPH Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.18M
CAP Approach
CAP
$5.08M
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$4.06M
Owner & transaction history
Ss 1300 Hazelwood Drive LLC · 2 yrs held
Ss 1300 Hazelwood Drive LLC
since 2024
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.9M
+83.5%
Auto repair, garage
$3.9M
+46.2%
Office building
$3.2M
+20.0%
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
$4,060,000
ML approach
$4,180,000
CAP Approach
CAP Return
Estimation
6%
$5,500,000
6.5%
$5,080,000
7%
$4,715,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,670,000
Current use
COMMERCIAL (GENERAL)
$4,900,000
Change: +84% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,905,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$3,205,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$2,955,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,475,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$4.06M
Range $3.65M – $4.47M · ±10% · vs last sale $3.59M (Apr 3 2024)
Last sale anchor
$3.59M
Apr 3 2024
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
$281 / 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
$29,670
Tax year 2023
Assessed value
$1,235,280
Assessed 2024
Previous assessed
$1,235,280
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$313,040
Assessed improvement
$922,240
Land market value
$782,600
Improvement market value
$2,305,600
Total market value
$3,088,200
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Rooms
3
Bathrooms
0
Total area
14,466 SF
Lot
1.52 ac (66,211 SF)
APN
033L-F-001.00-000
UPID
US80-0045991
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
RETAIL STORES Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Rooms
3
Bathrooms
0
Lot
1.52 ac
Current owner
From public records · entity-resolved
Ss 1300 Hazelwood Drive LLC
Entity
Mailing address
1345 AVE OF THE AMERICAS FL 32A, NEW YORK, NY 10105-3107
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
$3,587,275
Ss 1300 Hazelwood Drive LLC
Bsprt Walgreens Portfolio 17 LLC
Special Warranty Deed
$57,750,000 · Peoples Bank & Trust Co Of Pickett
Nov 8, 2022
$2,725,792
Bsprt Walgreens Portfolio 17 LLC
Ibf Properties LLC
Trustees Deed
related
—
May 19, 2022
—
Ibf Properties LLC
Ibf Properties Wg Tn LLC
Quit Claim Deed
related
—
Sep 7, 2021
$3,879,020
Pharm Sale Easeback II Dst Fund I L
Pharmacy Sale Leaseback II Dst
Special Warranty Deed
—
Mar 24, 2014
$3,647,934
Pharmacy Sale Leaseback II Dst Trust
Waltrust Properties INC
Grant Deed
$25,641,816 · Parkway Bk
Feb 3, 2009
—
Waltrust Properties INC
Walgreen
Quit Claim Deed
related
—
Feb 3, 2009
$3,750,000
Walgreen Co
Rfm Hazelwood LLC
Grant Deed
—
Apr 21, 2008
$1,000,000
Almaville Road Ptrs Gp
Owner,record
Grant Deed
related
—
Mar 30, 2007
—
Almaville Road Partners Gp
Pinnacle National Bank
Quit Claim Deed
related
—
Mar 30, 2007
$298,000
Almaville Road Partners Gp
Pinnacle National Bank
Grant Deed
—
—
—
Akbar K Arab
—
Deed Of Trust
related
$1,000,000 · Shaar Forero Props INC
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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