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Property profile & analytics
OFF-MARKET
Estimated value
$3,330,000
Turn key restaurants
1918 Almaville Rd Smyrna, TN 37167-6650
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0379663
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2005
Construction
FRAME
Total area
9,364 SF
Lot
2.35 ac (102,366 SF)
Zoning code
C-2
APN
050-054.08-000
UPID
US80-0379663
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
-
Legends Steakhouse Restaurant
-
Absolute Fireworks Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$3.33M
Owner & transaction history
Secp Smyrna LLC · 1 yrs held
Secp Smyrna LLC
since 2025
Last sale
$3.2M
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
$3.33M
Range $3.00M – $3.66M · ±10% · vs last sale $3.20M (Mar 5 2025)
Last sale anchor
$3.20M
Mar 5 2025
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
$356 / 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
$1,122,800
Assessed 2024
Previous assessed
$1,122,800
+0.0% YoY
Assessed land
$496,120
Assessed improvement
$626,680
Land market value
$1,240,300
Improvement market value
$1,566,700
Total market value
$2,807,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
9,364 SF
Lot
2.35 ac (102,366 SF)
Zoning code
C-2
APN
050-054.08-000
UPID
US80-0379663
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
2005
Construction
FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
Secp Smyrna LLC
Entity
Mailing address
2220 WO SMITH DR, LAWRENCEBURG, TN 38464-7373
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2025
$3,200,000
Secp Smyrna LLC
The Fleeman Living Trust
Warranty Deed
$2,560,000 · Renasant Bank
Jun 11, 2020
—
Fleeman Living Trust
—
Deed
related
$800,000 · First Nat'l Bk/pulaski Tn
Oct 26, 2017
—
Fleeman Living Trust
Fleeman,john H II
Quit Claim Deed
related
—
Jul 12, 2016
—
J & B Real Estate Company LLC
—
Deed
related
$275,000 · First National Bank Of Pulaski
Nov 16, 2005
—
Southpark Owners Assn INC
Southpark Nashville LLC
Quit Claim Deed
related
—
Jan 3, 2005
$938,718
John H Freeman II
Owner,record
Grant Deed
related
—
—
—
J & B Real Estate Co LLC
—
Deed Of Trust
related
$275,000 · First Nat'l Bk
—
—
Fleeman Living Trust
—
Deed Of Trust
related
$800,000 · First Nat'l Bk/pulaski Tn
—
—
John H Fleeman II
—
Deed Of Trust
related
$2,962,722 · First Farmers & Merchants Bank
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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