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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Strip malls
1311-1315 Plz Dr Smyrna, TN 37167
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1227973
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
19,000 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C-2
APN
028D-A-026.00-000
UPID
US80-1227973
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
by Request
Comparable Approach
Comparable
$865k
Blend (final)
Blend
$1.03M
Owner & transaction history
Town Of Smyrna · 7 yrs held
Town Of Smyrna
since 2019
7 recorded transactions
Zoning & alternative use
C-2 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$54 / 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
$3,803
Tax year 2023
Assessed value
$158,360
Assessed 2024
Previous assessed
$158,360
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$118,960
Assessed improvement
$39,400
Land market value
$297,400
Improvement market value
$315,200
Total market value
$612,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Heating
ZONE
Cooling
YES
Stories
1
Units
8
Bathrooms
10
Total area
19,000 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C-2
APN
028D-A-026.00-000
UPID
US80-1227973
Jurisdiction
RUTHERFORD
Zoning & alternative use
C-2 · Smyrna, TN
Zoning C-2 · permitted uses
C-2 · 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.
Building & site characteristics
From public records
Year built
2000
Heating
ZONE
Cooling
Yes
Stories
1
Units
8
Bathrooms
10
Lot
0.72 ac
Current owner
From public records · entity-resolved
Town Of Smyrna
Individual
Free & Clear · 7 yrs held
Mailing address
1301 PLZ DR, SMYRNA, TN 37167-2575
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2020
—
Pentecostals Of Smyrna INC
—
Deed Of Trust
related
$150,000 · Heritage S Cmnty Cu
Mar 29, 2019
$315,000
Town Of Smyrna
Carmike Cinemas LLC
Grant Deed
—
May 7, 2015
—
Pentecostals Of Smyrna INC
Pentecostals Of Smyrna
Quit Claim Deed
related
—
Apr 30, 2015
—
Pentecostals Of Smyrna
Kong Shin Y & Bong J
Grant Deed
related
—
Nov 27, 2013
$1,000,000
Pentecostals Of Smyrna INC
Kong,shin Y & Bong J
Grant Deed
$875,000 · Volunteer State Bank
Dec 19, 1991
$200,000
Carmike Cinemas INC
Unknown
Grant Deed
—
—
—
Pentecostals Of Smyrna INC
—
Deed Of Trust
related
$1,400,000 · Heritage S Cmnty Cu
—
—
Pentecostals Of Smyrna INC
—
Deed Of Trust
related
$1,045,000 · Firstbank
—
—
Pentecostals Of Smyrna INC
—
Deed Of Trust
related
$1,109,000 · Southern Bk/tn
—
—
Pentecostals Of Smyrna INC
—
Deed Of Trust
related
$20,000 · Southern Bk/tn
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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