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Property profile & analytics
OFF-MARKET
Estimated value
$22,545,000
Warehouses
2699 Highwood Blvd Smyrna, TN 37167-9304
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0451043
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Total area
267,597 SF
Lot
16.62 ac (723,967 SF)
Zoning code
C-2
APN
032D-B-013.00-000
UPID
US80-0451043
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
-
KINEXO Storage Facility Distribution Center
-
International Traders Warehouse & Storage
-
Goggin Warehousing Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.55M
Owner & transaction history
Smyrna Industrial Property Owner Ll · 2 yrs held
Smyrna Industrial Property Owner Ll
since 2024
Last sale
$26.4M
7 recorded transactions
Zoning & alternative use
C-2 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
WAREHOUSE, STORAGE
$33,540,000
Current use
Blend value · Realmo final
$22.55M
Range $20.29M – $24.80M · ±10% · vs last sale $26.40M (Mar 27 2024)
Last sale anchor
$26.40M
Mar 27 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
$84 / 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
$180,887
Tax year 2023
Assessed value
$7,531,000
Assessed 2024
Previous assessed
$7,531,000
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$1,396,600
Assessed improvement
$6,134,400
Land market value
$3,491,500
Improvement market value
$15,336,000
Total market value
$18,827,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Heating
RADIANT
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
267,597 SF
Lot
16.62 ac (723,967 SF)
Zoning code
C-2
APN
032D-B-013.00-000
UPID
US80-0451043
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
WAREHOUSE, STORAGE Current
Est. value
$33.5M
WAREHOUSE, STORAGE Current
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
Heating
RADIANT
Cooling
Yes
Stories
1
Bathrooms
3
Lot
16.62 ac
Current owner
From public records · entity-resolved
Smyrna Industrial Property Owner Ll
Entity
Mailing address
225 NE PO BOX 460189TH BLVD STE #501, HOUSTON, TX 77056-8189
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
$26,400,000
Smyrna Industrial Property Owner Ll
Evox Tn Smyrna 2699 LLC
Special Warranty Deed
$20,800,000 · Voya Investment Management LLC
Aug 30, 2021
—
Evox Tn Xmyrna 2699 LLC
Hodges Investment Properties LP
Special Warranty Deed
—
Nov 4, 2019
—
Hodges Investment Properties
—
Deed
related
$1,092,642 · Pinnacle Bk
Nov 3, 2017
—
Hodges Investment Props LP
—
Deed
related
$700,000 · Pinnacle Bk
Oct 10, 2016
—
Hodges Investments Properties L P
—
Deed
related
$700,000 · Pinnacle Bank
Dec 19, 2012
—
George T Hodges
—
Trustees Deed
related
$3,085,440 · Pinnacle Bank
Jun 30, 2005
$6,475,000
Hodges Investment Props
Lb Commercial Mtg Trust 1999
Grant Deed
$6,290,000 · Pinnacle National Bank
Sep 24, 2004
$4,800,000
Wells Fargo Bank NA
Realty Alliance LLC
Trustees Deed
related
—
—
—
Hodges Investment Props
—
Deed Of Trust
related
$1,100,000 · Pinnacle National Bank
—
—
Hodges Investment Properties
—
Loan Modification
related
$1,092,642 · Pinnacle Bk
—
—
Hodges Investment Props LP
—
Deed Of Trust
related
$700,000 · Pinnacle 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.
Try Rey
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