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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Super regional malls
161 Frnt St 181 Smyrna, TN 37167-2816
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1115056
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2001
Construction
FRAME
Total area
4,800 SF
Lot
0.58 ac (25,134 SF)
Zoning code
C-1
APN
028L-B-002.02-000
UPID
US80-1115056
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$628k
Blend (final)
Blend
$620k
Owner & transaction history
Bnf Partners · 2 yrs held
Bnf Partners
since 2023
Last sale
$655,000
7 recorded transactions
Zoning & alternative use
C-1 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$980,000
+19.4%
Retail stores
$885,000
+7.8%
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
$580,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$820,000
Current use
MEDICAL BUILDING
$980,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$885,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $655k (Aug 24 2023)
Last sale anchor
$655k
Aug 24 2023
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
$129 / 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
$4,868
Tax year 2023
Assessed value
$202,680
Assessed 2024
Previous assessed
$202,680
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$102,080
Assessed improvement
$100,600
Land market value
$255,200
Improvement market value
$251,500
Total market value
$506,700
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
3
Rooms
3
Bathrooms
3
Total area
4,800 SF
Lot
0.58 ac (25,134 SF)
Zoning code
C-1
APN
028L-B-002.02-000
UPID
US80-1115056
Jurisdiction
RUTHERFORD
Zoning & alternative use
C-1 · Smyrna, TN
Zoning C-1 · permitted uses
C-1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$820,000
MEDICAL BUILDING
Est. value
$980,000
RETAIL STORES
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
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
2001
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
3
Rooms
3
Bathrooms
3
Lot
0.58 ac
Current owner
From public records · entity-resolved
Bnf Partners
Entity
Mailing address
5824 LESLIE AVE, NASHVILLE, TN 37209-1812
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
$655,000
Bnf Partners
Kevin Waldron
Warranty Deed
$524,000 · Ascend FCU
Aug 5, 2019
—
Waldron Tennessee Cmnty Prop T
Waldron,roy L
Quit Claim Deed
related
—
Mar 24, 2016
$362,500
Roy L Waldron
Ferrell,emmitt R
Grant Deed
—
Feb 2, 2016
—
Emmitt R Ferrell
Ferrell,elizabeth B
Quit Claim Deed
related
—
Nov 17, 2015
—
Roy L Waldron
Waldron,roy L
Quit Claim Deed
related
—
Sep 11, 1998
$55,000
Roy L Waldron
—
Grant Deed
related
—
Jun 22, 1998
$50,000
Tolbert,larry K Trustee
—
Grant Deed
related
—
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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