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Property profile & analytics
OFF-MARKET
Estimated value
$5,210,000
Grocery and convenience stores
551 Lowry St 587 Smyrna, TN 37167-3800
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US80-1973414
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1992
Construction
FRAME
Total area
86,320 SF
Lot
9.3 ac (405,108 SF)
APN
034G-B-002.00-000
UPID
US80-1973414
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
$5.02M
Blend (final)
Blend
$5.21M
Owner & transaction history
551-587 South Lowry Street LLC · 18 yrs held
551-587 South Lowry Street LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$5.21M
Range $4.69M – $5.73M · ±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
$60 / 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
$62,304
Tax year 2023
Assessed value
$2,593,960
Assessed 2024
Previous assessed
$2,593,960
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$721,000
Assessed improvement
$1,872,960
Land market value
$1,802,500
Improvement market value
$4,682,400
Total market value
$6,484,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1992
Construction
FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
13
Total area
86,320 SF
Lot
9.3 ac (405,108 SF)
APN
034G-B-002.00-000
UPID
US80-1973414
Jurisdiction
RUTHERFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1992
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Bathrooms
13
Lot
9.3 ac
Current owner
From public records · entity-resolved
551-587 South Lowry Street LLC
Entity
Mailing address
PO BOX 36799, CHARLOTTE, NC 28236-6799
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2020
—
551-587 South Lowry Street LLC
—
Deed
related
$9,650,000 · Northern Bk
Nov 28, 2016
—
551-587 South Lowry Street LLC
—
Deed
related
$28,200,000 · Northern Bk
Dec 28, 2007
$8,350,000
551-587 South Lowry Street LLC
Irt Partners
Deed Of Trust
related
$72,146,425 · Anglo Irish Bank Corp Plc
Jul 28, 1992
$6,000,000
Irt Property Company
Unknown
Grant Deed
—
—
—
551-587 South Lowry Street LLC
—
Deed Of Trust
related
$14,180,000 · Jp Morgan Chase Bank NA
—
—
551-587 South Lowry Street LLC
—
Deed Of Trust
related
$9,406,980 · Anglo Irish Bank Corp
—
—
551-587 South Lowry Street LLC
—
Deed Of Trust
related
$28,200,000 · Northern Bk
—
—
551-587 South Lowry Street LLC
—
Loan Modification
related
$9,650,000 · Northern Bk
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
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