Property profile

2300 Needham Dr Smyrna, TN 37167

OFF-MARKET
Drive through restaurants
Property ID
US80-2149127
1,650 SF 0.86 ac lot Built 2023
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2023
Construction FRAME
Total area 1,650 SF
Lot 0.86 ac (37,549 SF)
APN 028-044.27-000
UPID US80-2149127

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bakery Take-out & Catering

Location

2300 Needham Dr Smyrna, TN 37167-9809
Smyrna metro Census 40311 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$785k
CAP Approach CAP
by Request
Comparable Approach Comparable
$578k
Blend (final) Blend
$680k

Owner & transaction history

since 2022
Last sale
$650,000
1 recorded transaction
2022
$650,000

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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