Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Strip malls
234 Lowry St Smyrna, TN 37167-2529
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1619414
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
3,300 SF
Lot
0.21 ac (9,060 SF)
Zoning code
C-3
APN
028E-B-002.00-000
UPID
US80-1619414
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
-
Music CIty ATM Atm
-
NOM NOM SUSHI Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Hany Wahep · 1 yrs held
Hany Wahep
since 2024
Last sale
$850,000
3 recorded transactions
Zoning & alternative use
C-3 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-3 zone is to provide general commercial trade and service uses to a vehicular oriented clientele
Zone name
Restrictive Highway Service
General category
COMMERCIAL
Zone area
31.91 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.1M
+97.9%
Auto repair, garage
$890,000
+57.6%
Office building
$730,000
+29.4%
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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Current use
COMMERCIAL (GENERAL)
$1,120,000
Change: +98% · Conversion: Easy
AUTO REPAIR, GARAGE
$890,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$730,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$675,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$610,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Aug 23 2024)
Last sale anchor
$850k
Aug 23 2024
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
$258 / 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
$163,240
Assessed 2024
Previous assessed
$163,240
+0.0% YoY
Assessed land
$46,080
Assessed improvement
$117,160
Land market value
$115,200
Improvement market value
$292,900
Total market value
$408,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
3,300 SF
Lot
0.21 ac (9,060 SF)
Zoning code
C-3
APN
028E-B-002.00-000
UPID
US80-1619414
Jurisdiction
RUTHERFORD
Zoning & alternative use
C-3 · Smyrna, TNZoning C-3 · permitted uses
C-3 · Smyrna, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-3 zone is to provide general commercial trade and service uses to a vehicular oriented clientele
Zone name
Restrictive Highway Service
General category
COMMERCIAL
Zone area
31.91 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$890,000
OFFICE BUILDING
Est. value
$730,000
MEDICAL BUILDING
Est. value
$675,000
RETAIL STORES
Est. value
$610,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1988
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Hany Wahep
Individual
Mailing address
4457 BENCHMARK DR, ANTIOCH, TN 37013-1128
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2024
$850,000
Hany Wahep
Estate Of Donald Halbert Lauderdale
Warranty Deed
$354,833 · First Citizens National Bank
Dec 20, 1996
—
Jch,ptn
—
Trustees Deed
related
—
Apr 14, 1988
$115,000
Jch Partnership
Unknown
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 234 Lowry St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
