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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Strip malls
240 Lowry St 246 Smyrna, TN 37167-3008
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US80-1040454
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Construction
FRAME
Total area
3,660 SF
Lot
0.44 ac (19,210 SF)
Zoning code
C-2
APN
027P-C-020.00-000
UPID
US80-1040454
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
-
Mortgage Group Loan Service Bank
-
IGLESIA CRISTIANA UN NUEVO COMIENZO EN CRISTO JESUS Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$715k
Owner & transaction history
Mariana Farid · 11 yrs held
Mariana Farid
since 2014
7 recorded transactions
Zoning & alternative use
C-2 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$990,000
+57.6%
Office building
$810,000
+29.4%
Medical building
$750,000
+19.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$810,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$750,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
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
$195 / 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
$5,766
Tax year 2023
Assessed value
$240,040
Assessed 2024
Previous assessed
$240,040
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$107,360
Assessed improvement
$132,680
Land market value
$268,400
Improvement market value
$331,700
Total market value
$600,100
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
1997
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
4
Bathrooms
4
Total area
3,660 SF
Lot
0.44 ac (19,210 SF)
Zoning code
C-2
APN
027P-C-020.00-000
UPID
US80-1040454
Jurisdiction
RUTHERFORD
Zoning & alternative use
C-2 · Smyrna, TN
Zoning C-2 · permitted uses
C-2 · Smyrna, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smyrna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$990,000
OFFICE BUILDING
Est. value
$810,000
MEDICAL BUILDING
Est. value
$750,000
RETAIL STORES
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1997
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
4
Bathrooms
4
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mariana Farid
Individual
Mailing address
4213 SANDSTONE DR, ANTIOCH, TN 37013-2244
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2014
—
Mariana Farid
Farid,mariana
Quit Claim Deed
related
—
Dec 23, 2014
$390,000
Mariana Farid
Middle Tennessee Investments
Grant Deed
—
Mar 30, 2010
—
Middle Tennessee Investments
Middle Tennessee Invs LLC
Quit Claim Deed
related
—
Nov 30, 2005
$800,000
Middle Tennessee Invs LLC
Bolin,david G
Warranty Deed
—
Aug 21, 2003
—
David G Bolin
Bolin,judy S
Quit Claim Deed
related
—
—
—
Middle Tennessee Investments
—
Loan Modification
related
$1,556,250 · First Tennessee Bank National
—
—
Middle Tennessee Invs LLC
—
Deed Of Trust
related
$200,000 · First Tennessee Bank National
—
—
Middle Tennessee Investments
—
Loan Modification
related
$1,556,250 · First Tennessee Bank National
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
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