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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Strip malls
179 Lowry St Ste A Smyrna, TN 37167-2568
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1905534
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Construction
FRAME
Total area
3,720 SF
Lot
0.36 ac (15,899 SF)
APN
028E-C-019.00-000
UPID
US80-1905534
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
-
U next barber shop Barber Shop
-
Darlene's Alterations & Sewing (Bike/Boat/Book/etc) Store
-
A1 Tax Services Tax Preparation
-
J D Kennedy Real Estate Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$600k
Owner & transaction history
179 N Lowry LLC · 2 yrs held
179 N Lowry LLC
since 2023
Last sale
$682,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$825,000
+29.4%
Medical building
$760,000
+19.4%
Retail stores
$685,000
+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
$605,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Current use
OFFICE BUILDING
$825,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$760,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$685,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $682k (Oct 5 2023)
Last sale anchor
$682k
Oct 5 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
$161 / 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
Assessed value
$158,540
Assessed 2024
Previous assessed
$158,540
+0.0% YoY
Assessed land
$88,760
Assessed improvement
$69,780
Land market value
$221,900
Improvement market value
$174,450
Total market value
$396,350
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
1960
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
10
Bathrooms
6
Total area
3,720 SF
Lot
0.36 ac (15,899 SF)
APN
028E-C-019.00-000
UPID
US80-1905534
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$635,000
OFFICE BUILDING
Est. value
$825,000
MEDICAL BUILDING
Est. value
$760,000
RETAIL STORES
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
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
1960
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
10
Bathrooms
6
Lot
0.36 ac
Current owner
From public records · entity-resolved
179 N Lowry LLC
Entity
Mailing address
1409 NW BROAD ST, MURFREESBORO, TN 37129-1707
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
$682,000
179 N Lowry LLC
Patrick John Kennedy
Warranty Deed
$511,500 · Rick G Mansfield
May 17, 2023
—
Patrick John Kennedy
Patrick John Kennedy
Correction Deed
related
—
Feb 23, 2004
—
Meadow T Richard JR.
Lane Realty & Au
Grant Deed
related
—
May 16, 1989
$125,000
J D Kennedy
Unknown
Grant Deed
—
Apr 24, 1989
$116,000
—
Unknown,
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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