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Property profile & analytics
OFF-MARKET
Estimated value
$5,835,000
Strip malls
494 Enon Spgs E Rd 538 Smyrna, TN 37167-4462
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0836650
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Construction
FRAME
Total area
32,000 SF
Lot
3.51 ac (152,896 SF)
Zoning code
C-2
APN
034B-B-002.00-000
UPID
US80-0836650
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
$5.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.66M
Blend (final)
Blend
$5.84M
Owner & transaction history
Y World Investment LLC · 2 yrs held
Y World Investment LLC
since 2024
Last sale
$5.8M
6 recorded transactions
Zoning & alternative use
C-2 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-2 zone is to provide moderate and large sized offices, general retail businesses, transient sleeping accommodations, and eating and drinking establishments
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,722.13 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$8.6M
+57.6%
Office building
$7.1M
+29.4%
Medical building
$6.5M
+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
$5,835,000
ML approach
$5,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,480,000
Current use
AUTO REPAIR, GARAGE
$8,635,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$7,085,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$6,540,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$5,905,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$5.84M
Range $5.25M – $6.42M · ±10% · vs last sale $5.84M (Jun 7 2024)
Last sale anchor
$5.84M
Jun 7 2024
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
$182 / 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
$43,885
Tax year 2023
Assessed value
$1,827,080
Assessed 2024
Previous assessed
$1,827,080
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$605,280
Assessed improvement
$1,221,800
Land market value
$1,513,200
Improvement market value
$3,054,500
Total market value
$4,567,700
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
1999
Construction
FRAME
Heating
ZONE
Cooling
AC.PACKAGE
Stories
1
Units
14
Bathrooms
18
Total area
32,000 SF
Lot
3.51 ac (152,896 SF)
Zoning code
C-2
APN
034B-B-002.00-000
UPID
US80-0836650
Jurisdiction
RUTHERFORD
Zoning & alternative use
C-2 · Smyrna, TNZoning 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
Zoning description
The purpose of C-2 zone is to provide moderate and large sized offices, general retail businesses, transient sleeping accommodations, and eating and drinking establishments
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,722.13 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$8.6M
OFFICE BUILDING
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$6.5M
RETAIL STORES
Est. value
$5.9M
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
1999
Construction
FRAME
Heating
ZONE
Cooling
Yes
Stories
1
Units
14
Bathrooms
18
Lot
3.51 ac
Current owner
From public records · entity-resolved
Y World Investment LLC
Entity
Free & Clear · 2 yrs held
Mailing address
721 PO BOX 43RD BLVD, LOS ANGELES, CA 90078-0043
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
$5,835,000
Y World Investment LLC
B H Emon Springs LLC
Special Warranty Deed
—
Jul 9, 2015
$3,500,000
Bh Enon Springs LLC
Mlcfc 2007-7 Enon Retail LLC
Grant Deed
related
$135,000,000 · Wells Fargo Bk
Jul 2, 2014
$2,812,500
Mlcfc 2007-7 Enon Retail LLC
Prochaska Joseph R
Trustees Deed
—
May 24, 1995
$123,000
Dan Duer Construction Co
Dan,duer Constru
Grant Deed
related
—
Nov 25, 1992
$50,000
Johnson,& Spivey (lp)
Unknown
Grant Deed
—
—
—
Bh Enon Springs LLC
—
Deed Of Trust
related
$2,928,357 · Bank Of America
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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