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Property profile & analytics
OFF-MARKET
Estimated value
$19,725,000
Distribution centers
1958 Almaville Rd Smyrna, TN 37167-5747
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1140169
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2016
Total area
171,116 SF
Lot
10.1 ac (439,956 SF)
APN
055-011.08-000
UPID
US80-1140169
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
-
Second Harvest Food Bank of Middle Tennessee - Southern Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.14M
Comparable Approach
Comparable
$25.29M
Blend (final)
Blend
$19.73M
Owner & transaction history
Exeter 1958 Almaville LLC · 2 yrs held
Exeter 1958 Almaville LLC
since 2023
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$31.6M
+47.3%
Neighborhood: shopping center
$29.3M
+36.6%
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
$17,755,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,905,000
6.5%
$21,140,000
7%
$19,630,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,445,000
Current use
RETAIL STORES
$31,585,000
Change: +47% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$29,295,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$19.73M
Range $17.75M – $21.70M · ±10% · vs last sale $20.00M (Aug 9 2023)
Last sale anchor
$20.00M
Aug 9 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
$115 / 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
$115,111
Tax year 2023
Assessed value
$4,792,480
Assessed 2024
Previous assessed
$4,792,480
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$574,120
Assessed improvement
$4,218,360
Land market value
$1,435,300
Improvement market value
$10,545,900
Total market value
$11,981,200
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2016
Heating
NONE
Bathrooms
4
Total area
171,116 SF
Lot
10.1 ac (439,956 SF)
APN
055-011.08-000
UPID
US80-1140169
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
WAREHOUSE, STORAGE Current
Est. value
$21.4M
RETAIL STORES
Est. value
$31.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Heating
NONE
Bathrooms
4
Lot
10.1 ac
Current owner
From public records · entity-resolved
Exeter 1958 Almaville LLC
Entity
Free & Clear · 2 yrs held
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2024
—
Exeter 1958 Almaville LLC
—
Deed
related
$116,400,000 · New York Life Insurance Company
Aug 9, 2023
$20,000,000
Exeter 1958 Almaville LLC
Almaville Owner LLC
Special Warranty Deed
—
Mar 17, 2022
$21,000,000
Alamville Owner LLC
Gear Southpark LLC
Special Warranty Deed
$495,692,109 · Rbc Real Estate Capital Corp
Jan 3, 2020
—
Gear Southpark LLC
—
Deed
related
$334,500,000 · Wells Fargo Bk
Sep 6, 2018
—
Gear Southpark LLC
—
Grant Deed
related
$9,353,870 · Wells Fargo Bk
May 18, 2018
$12,525,000
Gear Southpark LLC
Artemis Hip Southpark LLC
Grant Deed
—
Oct 6, 2015
$935,000
Artemis Hip Southpark LLC
Community First Bank
Special Warranty Deed
—
Jul 19, 2011
$3,485,000
Community First Bk & Trust
Reed,jeff
Trustees Deed
related
—
—
—
Gear Southpark LLC
—
Loan Modification
related
$334,500,000 · Wells Fargo Bk
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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