Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,575,000
Community centers
301 Wolverine Trl Smyrna, TN 37167-5656
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US80-1255990
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1997
Construction
FRAME
Total area
25,005 SF
Lot
2.88 ac (125,453 SF)
Zoning code
C-2
APN
028-057.06-000
UPID
US80-1255990
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
-
Clarion Security Security Service
-
Feltz Therapy Services LLC: Hopper Amy W Physician
-
Warehouse Personnel Employment Agency
-
Royal Ink Custom Printing & Apparel Custom T-Shirt Store
-
Exclusive Selfie Studio (Bike/Boat/Book/etc) Store Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.18M
Blend (final)
Blend
$4.58M
Owner & transaction history
Wayne Qualls · 24 yrs held
Wayne Qualls
since 2001
5 recorded transactions
Zoning & alternative use
C-2 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.8M
+57.6%
Office building
$5.5M
+29.4%
Medical building
$5.1M
+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
$4,280,000
Current use
AUTO REPAIR, GARAGE
$6,750,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$5,540,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$5,110,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$4,615,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$4.58M
Range $4.12M – $5.03M · ±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
$183 / 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
$40,164
Tax year 2023
Assessed value
$1,672,160
Assessed 2024
Previous assessed
$1,672,160
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$581,400
Assessed improvement
$1,090,760
Land market value
$1,453,500
Improvement market value
$2,726,900
Total market value
$4,180,400
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Units
6
Bathrooms
55
Total area
25,005 SF
Lot
2.88 ac (125,453 SF)
Zoning code
C-2
APN
028-057.06-000
UPID
US80-1255990
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
$4.3M
AUTO REPAIR, GARAGE
Est. value
$6.8M
OFFICE BUILDING
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$4.6M
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
2
Buildings
3
Units
6
Bathrooms
55
Lot
2.88 ac
Current owner
From public records · entity-resolved
Wayne Qualls
Individual
Mailing address
PO BOX 27, BEECHGROVE, TN 37018-0027
Ownership since
2001
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
Aug 30, 2001
$2,750,000
Wayne Qualls
Rudd,john D
Grant Deed
—
—
—
Qualls,wayne & Kathy
—
Deed Of Trust
related
$1,500,000 · First Nat'l Bk/mcminnville Tn
—
—
Wayne Qualls
—
Deed Of Trust
related
$2,000,000 · First Tennessee Bank National
—
—
Wayne A Qualls
—
Deed Of Trust
related
—
—
—
Wayne A Qualls
—
Deed Of Trust
related
—
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 301 Wolverine Trl?
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.
