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Property profile & analytics
OFF-MARKET
Estimated value
$4,820,000
Office buildings
429 Nissan Dr 437 Smyrna, TN 37167-4366
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0922289
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
FRAME
Total area
24,390 SF
Lot
2.58 ac (112,385 SF)
Zoning code
C-2
APN
027-014.02-000
UPID
US80-0922289
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
-
Ronald Steed: Allstate Insurance Insurance Agency
-
Star Medical Group, LLC Medical Clinic
-
Nashville Gastroenterology & Hepatology, PC Medical Clinic
-
Herring Jr Robert W MD Physician
-
Wright Group Medical Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.70M
Comparable Approach
Comparable
$4.94M
Blend (final)
Blend
$4.82M
Owner & transaction history
Hollingshead Rental Company LLC · 1 yrs held
Hollingshead Rental Company LLC
since 2025
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
C-2 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+21.9%
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%
$7,255,000
6.5%
$6,695,000
7%
$6,220,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,400,000
Current use
AUTO REPAIR, GARAGE
$6,580,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$4,985,000
Change: -8% · Conversion: Easy
RETAIL STORES
$4,500,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$4.82M
Range $4.34M – $5.30M · ±10% · vs last sale $4.80M (Mar 4 2025)
Last sale anchor
$4.80M
Mar 4 2025
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
$198 / 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
$31,233
Tax year 2023
Assessed value
$1,300,360
Assessed 2024
Previous assessed
$1,300,360
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$183,880
Assessed improvement
$1,116,480
Land market value
$459,700
Improvement market value
$2,791,200
Total market value
$3,250,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
4
Bathrooms
15
Total area
24,390 SF
Lot
2.58 ac (112,385 SF)
Zoning code
C-2
APN
027-014.02-000
UPID
US80-0922289
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
OFFICE BUILDING Current
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$5.0M
RETAIL STORES
Est. value
$4.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
2002
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
4
Bathrooms
15
Lot
2.58 ac
Current owner
From public records · entity-resolved
Hollingshead Rental Company LLC
Entity
Mailing address
315 DARTFORD CT, SMYRNA, TN 37167-3031
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
$4,800,000
Hollingshead Rental Company LLC
Emmitt Richard Ferrell
Warranty Deed
$3,840,000 · Coffee County Bank
Jan 31, 2025
—
Emmitt Richard Ferrell Revocable Tr
Emmitt Rick Ferrell
Quitclaim Deed
related
—
Mar 24, 2016
—
Emmitt R Ferrell
Ferrell,nancy
Quit Claim Deed
related
—
Mar 24, 2016
$250,000
Nancy Ferrell
Waldron,s Wayne
Grant Deed
—
Feb 2, 2016
—
Emmitt R Ferrell
Ferrell,elizabeth B
Quit Claim Deed
related
—
Nov 17, 2015
—
Roy L Waldron
Waldron,roy L & S Wayne
Quit Claim Deed
related
—
Aug 16, 1989
$125,000
Ronald L Voss JR
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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