Technical
Financial
Distress signals
Property profile

1929 Almaville Rd Smyrna, TN 37167

OFF-MARKET
Commercial land
Property ID
US80-3089048
2,045 SF 0.47 ac lot Built 1984
Individually Owned 1-yr Hold
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Property summary

AI-generated overview

This exceptional retail investment property, located at 1929 Almaville Rd in Smyrna, Tennessee, offers a compelling opportunity for discerning investors. The 10,112-square-foot building boasts a 100% occupancy rate, anchored by two prominent national tenants: Advance Auto Parts and Fast Pace Health. Both tenants are operating under 15-year corporate leases featuring built-in rent increases and options, providing long-term stability and predictable cash flow. The property's strong financial performance is reflected in its impressive 6.50% capitalization rate and a net operating income (NOI) of $336,203. Built in 2024, this brand-new, high-quality construction minimizes landlord responsibilities. The property benefits from a highly visible location along a major artery with 21,000 cars per day, and proximity to I-24 (96,000 cars/day). Situated in a rapidly growing suburb of Nashville, within Rutherford County—one of the fastest-growing counties in the U.S.—the property enjoys exceptional demographics, with average household incomes exceeding $97,000 within a one-mile radius and $87,000 within three miles. The area is densely populated, serving over 81,000 residents and is conveniently located near major employers, including the Nissan Smyrna Assembly Plant (8,000 employees) and TriStar StoneCrest Medical Center (600 employees), totaling over 20,000 employees in the immediate trade area. The property is also surrounded by numerous established businesses and amenities, including a Publix shopping center, Starbucks, McDonald's, and more, ensuring high foot traffic and strong consumer demand. The asking price is $5,172,000, representing a price per square foot of $511.47. This is a rare opportunity to acquire a high-performing, well-located retail investment property in one of the nation's fastest-growing markets.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1984
Total area 2,045 SF
Lot 0.47 ac (20,517 SF)
APN 055C-A-008.00-000
UPID US80-3089048

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1929 Almaville Rd Smyrna, TN 37167-5748
Smyrna metro Census 40806 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$830k
Blend (final) Blend
$1.10M

Owner & transaction history

since 2025
Last sale
$1.1M
7 recorded transactions
2025
$4.9M
2025
Price N/A
2024
$1.1M
2022
$950,000
2020
$825,000
2016
$325,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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