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Property profile & analytics
OFF-MARKET
Estimated value
$3,130,000
Strip malls
271 Lowry St 297 Smyrna, TN 37167-2562
Entity Owned
10-yr Hold
Free & Clear
Property ID
US80-1264464
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
19,800 SF
Lot
2.6 ac (113,256 SF)
Zoning code
C-2
APN
028D-A-020.00-000
UPID
US80-1264464
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$3.13M
Owner & transaction history
S & M Family Ptshp LP · 10 yrs held
S & M Family Ptshp LP
since 2015
5 recorded transactions
Zoning & alternative use
C-2 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-2 zone is to provide moderate and large sized offices, general retail businesses, transient sleeping accommodations, and eating and drinking establishments
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,722.13 ac
Source
Realmo
Top alternative use upside
Office building
$4.4M
+29.4%
Medical building
$4.0M
+19.4%
Retail stores
$3.7M
+7.8%
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
$3,390,000
Current use
OFFICE BUILDING
$4,385,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$4,045,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$3,655,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.13M
Range $2.82M – $3.44M · ±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
$158 / 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
$22,145
Tax year 2023
Assessed value
$921,960
Assessed 2024
Previous assessed
$921,960
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$300,120
Assessed improvement
$621,840
Land market value
$750,300
Improvement market value
$1,554,600
Total market value
$2,304,900
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
1989
Heating
ZONE
Cooling
AC.PACKAGE
Stories
1
Units
12
Bathrooms
8
Total area
19,800 SF
Lot
2.6 ac (113,256 SF)
Zoning code
C-2
APN
028D-A-020.00-000
UPID
US80-1264464
Jurisdiction
RUTHERFORD
Zoning & alternative use
C-2 · Smyrna, TNZoning 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
Zoning description
The purpose of C-2 zone is to provide moderate and large sized offices, general retail businesses, transient sleeping accommodations, and eating and drinking establishments
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,722.13 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.4M
OFFICE BUILDING
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1989
Heating
ZONE
Cooling
Yes
Stories
1
Units
12
Bathrooms
8
Lot
2.6 ac
Current owner
From public records · entity-resolved
S & M Family Ptshp LP
Entity
Free & Clear · 10 yrs held
Mailing address
809 HAWTHORNE CIR, FRANKLIN, TN 37069-7193
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2015
—
S & M Family Ptshp LP
Wilhite,sam L JR
Quit Claim Deed
related
—
Sep 29, 2009
—
Sam L Wilhite JR.
S & M Partners Ltd
Quit Claim Deed
related
—
Nov 21, 2002
—
S Partners
Wilhite,t
Grant Deed
related
—
Oct 1, 2001
$136,500
John M Grey
Gaude,kurt M & D
Grant Deed
—
Jun 13, 1989
$262,500
S Norris Johnson
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.
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