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    Property profile & analytics

    2300 Needham Dr Smyrna, TN 37167-9809

    • Drive through restaurants
    • 1,650 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimation
    $670,000
    Last Sale
    Sep 26, 2022
    $650,000
    Location Intelligence
    Property ID
    US80-2149127
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Andy's Frozen Custard / Dessert Restaurant / Ice Cream Shop

    Property Details for 2300 Needham Dr

    Year built
    2023
    Construction
    FRAME
    Lot size
    0.86 lot acres
    Property size
    1,650 SF
    Property type
    Drive through restaurants
    APN
    028-044.27-000
    APU
    2804427000

    Description

    This exceptional 4.3-acre commercial land parcel presents a remarkable investment opportunity in Smyrna, Tennessee. Located at 2300 Needham Dr, this fee-simple property (APN 028 044.17) is zoned C-2, offering a wide range of development possibilities. Its strategic corner location at the intersection of Needham Drive and Genie Lane provides excellent visibility and accessibility. The property boasts significant advantages due to its proximity to established businesses including Whataburger, McDonald's, Dutch Bros Coffee, Chicken Salad Chick, and Racetrac, ensuring high traffic and consumer visibility. Further enhancing its appeal, the site adjoins a newly constructed 1,100-unit apartment complex, creating a built-in customer base. Adding to its marketability, the property also includes a dedicated signage area on the highly trafficked Sam Ridley Parkway, offering unparalleled advertising potential. This prime location makes it ideal for a variety of commercial ventures, including retail establishments, hotels, or daycare facilities. The asking price for this exceptional property is $1,879,000. Don't miss this chance to acquire a highly desirable commercial lot in a thriving area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $680,000

    • CAP approach

      CAP return
      Estimation
      6%
      $580,000
      6.5%
      $570,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $660,000
      Geo Method
      $640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $570,000
      Retail
      $710,000
      Mixed-Use
      $650,000
      Hospitality
      $580,000
      Educational
      $670,000
      Residential Income
      $570,000
      Energy
      $715,000
      Income-Based Land
      $545,000
      Food Service
      $605,000

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5477
    Latitude
    35.989
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,355
    $306,200
    $200,080
    $506,280
    -
    $765,500
    $500,200
    $1,265,700

    Comparable in this City

    • Value Estimation
      $725,000
      4,700 SF

      1876 Almaville Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,700 SF
      1876 Almaville Rd, Smyrna, TN 37167-5865
      View Details
    • Value Estimation
      $2,000,000
      3,423 SF

      255 Lowry St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,423 SF
      255 Lowry St, Smyrna, TN 37167-3007
      View Details
    • Value Estimation
      $705,000
      2,298 SF

      263 Lowry St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,298 SF
      263 Lowry St, Smyrna, TN 37167-2562
      View Details
    • Value Estimation
      $1,445,000
      1,877 SF

      420 Sam Ridley Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,877 SF
      420 Sam Ridley Pkwy, Smyrna, TN 37167-5620
      View Details
    • Value Estimation
      $1,055,000
      646 SF

      366 Sam Ridley Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 646 SF
      366 Sam Ridley Pkwy, Smyrna, TN 37167-5619
      View Details
    • Value Estimation
      $410,000
      2,100 SF

      1895 Almaville Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,100 SF
      1895 Almaville Rd, Smyrna, TN 37167-5765
      View Details

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    Smyrna, TN 37167-9809
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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