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Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Strip malls
311 Sam Ridley Pkwy 339 Smyrna, TN 37167-5625
Entity Owned
Absentee Owner
Free & Clear
Property ID
US80-1764796
Property summary
AI-generated overview
This exceptional 4-acre commercial lot, located at 311 Sam Ridley Pkwy in Smyrna, TN, presents a unique investment opportunity. Boasting an I-2 zoning designation, this property is ideally suited for a wide range of commercial ventures. Its strategic location on Sam Ridley Parkway ensures unparalleled visibility, with an estimated 124,000 vehicles passing daily. The proximity to the Nissan Plant further enhances its appeal, providing access to a substantial workforce and consumer base. The expansive 4-acre parcel offers ample space for development, allowing for flexibility in design and functionality. This high-traffic location guarantees significant exposure for any business, making it an attractive proposition for entrepreneurs and investors alike. The property's prime location and zoning make it a rare find in the thriving Smyrna market. Serious inquiries are encouraged to explore the potential of this exceptional commercial land. Don't miss this chance to secure a prominent position in a rapidly growing area.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Construction
FRAME
Total area
19,769 SF
Lot
2.85 ac (124,146 SF)
Zoning code
C 2
APN
028-044.13-000
UPID
US80-1764796
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
-
Five Guys Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.57M
Blend (final)
Blend
$3.83M
Owner & transaction history
WALDRON VESTER FAMILY
WALDRON VESTER FAMILY
Zoning & alternative use
C 2 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.3M
+57.6%
Office building
$4.4M
+29.4%
Medical building
$4.0M
+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
$3,385,000
Current use
AUTO REPAIR, GARAGE
$5,335,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$4,380,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$4,040,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$3,650,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.83M
Range $3.44M – $4.21M · ±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
$193 / 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
$35,414
Tax year 2023
Assessed value
$1,474,440
Assessed 2024
Previous assessed
$1,474,440
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$483,840
Assessed improvement
$990,600
Land market value
$1,209,600
Improvement market value
$2,476,500
Total market value
$3,686,100
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
2009
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
11
Total area
19,769 SF
Lot
2.85 ac (124,146 SF)
Zoning code
C 2
APN
028-044.13-000
UPID
US80-1764796
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
$3.4M
AUTO REPAIR, GARAGE
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.7M
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
2009
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
11
Lot
2.85 ac
Current owner
From public records · entity-resolved
WALDRON VESTER FAMILY
Individual
Free & Clear · 0 yrs held
Mailing address
125 RIV ROCK BLVD STE A, MURFREESBORO, TN 37128-4875
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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