Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,620,000
Medical Office Space
515 Stonecrest Pkwy Smyrna, TN 37167-6826
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1514305
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
FRAME
Total area
38,416 SF
Lot
2.91 ac (126,760 SF)
Zoning code
C-2
APN
028-122.00-000
UPID
US80-1514305
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
-
Jason Howell, PA-C Pediatrician Physician
-
Fonda Carpenter, CAS Pediatrician Physician
-
Vanderbilt Children's Primary Care Smyrna Hospital Children's Hospital
-
Barbieri Orthodontics Dental Office
-
Nelson Endodontics Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.00M
CAP Approach
CAP
$8.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.62M
Owner & transaction history
Dmi Smyrna Tn LLC · 5 yrs held
Dmi Smyrna Tn LLC
since 2020
Last sale
$11.9M
6 recorded transactions
Zoning & alternative use
C-2 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.0M
+65.8%
Auto repair, garage
$10.4M
+32.0%
Office building
$8.5M
+8.4%
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
$10,995,000
CAP Approach
CAP Return
Estimation
6%
$8,860,000
6.5%
$8,175,000
7%
$7,595,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,855,000
Current use
COMMERCIAL (GENERAL)
$13,015,000
Change: +66% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,365,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$8,510,000
Change: +8% · Conversion: Easy
RETAIL STORES
$7,090,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,575,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$10.62M
Range $9.56M – $11.68M · ±10% · vs last sale $11.93M (Dec 14 2020)
Last sale anchor
$11.93M
Dec 14 2020
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
$276 / 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
$70,705
Tax year 2023
Assessed value
$2,943,720
Assessed 2024
Previous assessed
$2,943,720
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$535,720
Assessed improvement
$2,408,000
Land market value
$1,339,300
Improvement market value
$6,020,000
Total market value
$7,359,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
ZONE
Cooling
YES
Stories
2
Units
1
Bathrooms
18
Total area
38,416 SF
Lot
2.91 ac (126,760 SF)
Zoning code
C-2
APN
028-122.00-000
UPID
US80-1514305
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
MEDICAL BUILDING Current
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$13.0M
AUTO REPAIR, GARAGE
Est. value
$10.4M
OFFICE BUILDING
Est. value
$8.5M
RETAIL STORES
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
FRAME
Heating
ZONE
Cooling
Yes
Stories
2
Units
1
Bathrooms
18
Lot
2.91 ac
Current owner
From public records · entity-resolved
Dmi Smyrna Tn LLC
Entity
Mailing address
33 S 6TH ST STE #4650, MINNEAPOLIS, MN 55402-3715
Ownership since
2020
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
Oct 30, 2025
—
Dmi Smyrna Tn LLC
—
Deed
related
$250,000,000 · Capital One NA
Dec 21, 2021
—
Dmi Smyrna Tn LLC
—
Deed
related
$12,350,000 · Capital One Bank NA
Dec 14, 2020
$11,932,000
Dmi Smyrna Tn LLC
Smyrna Mob LLC
Special Warranty Deed
$86,679,848 · Capital One NA
Dec 14, 2020
—
Dmi Smyrna Tn LLC
—
Deed
related
$12,000,000 · Capital One Fin'l
May 18, 2015
$4,500,000
Smyrna Mob LLC
Smyrna Medical Plaza LLC
Grant Deed
related
$5,300,000 · Wilson Bk&tr
—
—
Dmi Smyrna Tn LLC
—
Deed Of Trust
related
$12,000,000 · Capital One Fin'l
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 515 Stonecrest Pkwy?
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.
