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Property profile & analytics
OFF-MARKET
Estimated value
$15,675,000
Warehouses
1800 Midway Ln 1850 Smyrna, TN 37167-5870
Entity Owned
12-yr Hold
Free & Clear
Property ID
US80-0379650
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
239,568 SF
Lot
15.11 ac (658,192 SF)
Zoning code
I-2
APN
050-054.10-000
UPID
US80-0379650
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
-
L P Field Container Co Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.68M
Owner & transaction history
Ch Realty V Of Nip LLC · 12 yrs held
Ch Realty V Of Nip LLC
since 2013
6 recorded transactions
Zoning & alternative use
I-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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$65 / 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
$121,560
Tax year 2023
Assessed value
$5,061,000
Assessed 2024
Previous assessed
$5,061,000
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$651,440
Assessed improvement
$4,409,560
Land market value
$1,628,600
Improvement market value
$11,023,900
Total market value
$12,652,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Bathrooms
21
Total area
239,568 SF
Lot
15.11 ac (658,192 SF)
Zoning code
I-2
APN
050-054.10-000
UPID
US80-0379650
Jurisdiction
RUTHERFORD
Zoning & alternative use
I-2 · Smyrna, TN
Zoning I-2 · permitted uses
I-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
2003
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
21
Lot
15.11 ac
Current owner
From public records · entity-resolved
Ch Realty V Of Nip LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2013
—
Ch Realty V Of Nip LLC
Southpark Owners Assn INC
Quit Claim Deed
related
—
Dec 18, 2013
$77,250,000
Prologis LP
Ch Realty V Of Nip LLC
Grant Deed
—
Mar 30, 2012
—
Ch Realty V Of Nip LLC
—
Deed Of Trust
related
$38,750,000 · Prudential Insurance Co
Dec 2, 2011
$23,930,693
Ch Realty V Of Nip LLC
Southpark Warehouse II Acquisi
Grant Deed
—
Sep 27, 2004
$45,200,000
Warehouse Southpark II
Southpark Nashville LLC
Grant Deed
related
—
—
—
Ch Realty V Of Nip LLC
—
Loan Modification
related
$37,626,439 · Prudential Insurance Co Americ
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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