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Property profile & analytics
OFF-MARKET
Estimated value
$16,430,000
Investment properties
281 Country Vlg Dr Smyrna, TN 37167-4280
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-1645018
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1996
Construction
FRAME
Total area
81,572 SF
Lot
6.03 ac (262,667 SF)
Zoning code
RM16
APN
033-038.09-000
UPID
US80-1645018
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
-
Laurel Wood Apartments Apartment Building Apartment Complex
-
Waldron Enterprises Smyrna Real Estate Agency
-
Stepping Stone Academy Foundation Charitable Organization Social Service Agency
-
Clean N Go Carpet Cleaning Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.21M
Blend (final)
Blend
$16.43M
Owner & transaction history
L Wood Investments LLC · 7 yrs held
L Wood Investments LLC
since 2018
2 recorded transactions
Zoning & alternative use
RM16 · 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
Blend value · Realmo final
$16.43M
Range $14.79M – $18.07M · ±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
$201 / 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
$66,292
Tax year 2023
Assessed value
$2,760,000
Assessed 2024
Previous assessed
$2,760,000
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$422,120
Assessed improvement
$2,337,880
Land market value
$1,055,300
Improvement market value
$5,844,700
Total market value
$6,900,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Bathrooms
42
Total area
81,572 SF
Lot
6.03 ac (262,667 SF)
Zoning code
RM16
APN
033-038.09-000
UPID
US80-1645018
Jurisdiction
RUTHERFORD
Zoning & alternative use
RM16 · Smyrna, TN
Zoning RM16 · permitted uses
RM16 · 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.
Building & site characteristics
From public records
Year built
1996
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
42
Lot
6.03 ac
Current owner
From public records · entity-resolved
L Wood Investments LLC
Entity
Mailing address
125 RIV ROCK BLVD STE A, MURFREESBORO, TN 37128-4875
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2018
—
L Wood Investments LLC
Lw Apartments LLC
Quit Claim Deed
related
$14,550,000 · Cbre Cap Markets
Dec 19, 2008
—
Lawrence Apartments
—
Deed Of Trust
related
$11,500,000 · Cbre Melody & Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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