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Property profile & analytics
OFF-MARKET
Estimated value
$3,085,000
Strip malls
479-481 Sam Ridley Pkwy Smyrna, TN 37167
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1006164
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
FRAME
Total area
15,205 SF
Lot
2 ac (87,120 SF)
Zoning code
CZ
APN
028G-A-010.00-000
UPID
US80-1006164
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
$3.92M
Blend (final)
Blend
$3.09M
Owner & transaction history
Ag Irrev Investment Trust · 7 yrs held
Ag Irrev Investment Trust
since 2018
5 recorded transactions
Zoning & alternative use
CZ · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+57.6%
Office building
$3.4M
+29.4%
Medical building
$3.1M
+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
$2,605,000
Current use
AUTO REPAIR, GARAGE
$4,105,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$3,365,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$3,110,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$2,805,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.09M
Range $2.78M – $3.39M · ±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
$203 / 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
$34,420
Tax year 2023
Assessed value
$1,433,040
Assessed 2024
Previous assessed
$1,433,040
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$718,480
Assessed improvement
$714,560
Land market value
$1,796,200
Improvement market value
$1,786,400
Total market value
$3,582,600
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
2008
Construction
FRAME
Heating
ZONE
Cooling
AC.PACKAGE
Stories
1
Units
7
Total area
15,205 SF
Lot
2 ac (87,120 SF)
Zoning code
CZ
APN
028G-A-010.00-000
UPID
US80-1006164
Jurisdiction
RUTHERFORD
Zoning & alternative use
CZ · Smyrna, TN
Zoning CZ · permitted uses
CZ · 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
$2.6M
AUTO REPAIR, GARAGE
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$2.8M
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
2008
Construction
FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Units
7
Lot
2 ac
Current owner
From public records · entity-resolved
Ag Irrev Investment Trust
Trust
Free & Clear · 7 yrs held
Mailing address
701 E BAY ST STE #515, CHARLESTON, SC 29403-5095
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2018
—
Ag Irrev Investment Trust
Aguilar,hector A
Quit Claim Deed
related
—
Apr 26, 2018
—
John A Lee JR.
Lee-tashie Partners
Quit Claim Deed
related
—
Apr 26, 2018
$6,400,000
Bond Street Fund 16 LLC
Lee,john A JR
Grant Deed
related
$4,309,600 · Wfb NA
Jul 26, 2004
—
Lee-tashie Partners
Lee,john A JR
Quit Claim Deed
related
—
Sep 24, 2001
$685,075
John A Lee JR.
Southtrust Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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