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Property profile & analytics
OFF-MARKET
Estimated value
$14,615,000
Outlet malls
551 President Pl Smyrna, TN 37167-6857
Entity Owned
10-yr Hold
Free & Clear
Property ID
US80-0786065
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Total area
104,537 SF
Lot
14.47 ac (630,313 SF)
APN
028-111.02-000
UPID
US80-0786065
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
-
Penske Truck Rental Car Rental Facility
-
Shell Car Wash
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Garden Center at The Home Depot Garden Center
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.32M
Blend (final)
Blend
$14.62M
Owner & transaction history
Tri Star Energy LLC · 10 yrs held
Tri Star Energy LLC
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$23.2M
+20.0%
Medical building
$21.4M
+10.7%
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
RETAIL STORES
$19,295,000
Current use
OFFICE BUILDING
$23,150,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$21,370,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,895,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$14.62M
Range $13.15M – $16.08M · ±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
$140 / 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
$93,034
Tax year 2023
Assessed value
$3,873,360
Assessed 2024
Previous assessed
$3,873,360
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$1,764,360
Assessed improvement
$2,109,000
Land market value
$4,410,900
Improvement market value
$5,272,500
Total market value
$9,683,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2006
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
104,537 SF
Lot
14.47 ac (630,313 SF)
APN
028-111.02-000
UPID
US80-0786065
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$19.3M
OFFICE BUILDING
Est. value
$23.2M
MEDICAL BUILDING
Est. value
$21.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.9M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
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
2006
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
14.47 ac
Current owner
From public records · entity-resolved
Tri Star Energy LLC
Entity
Free & Clear · 10 yrs held
Mailing address
2455 PACES FRY RD SE, ATLANTA, GA 30339-1834
Ownership since
2015
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
Dec 9, 2015
$750,000
Tri Star Energy LLC
Hd Dev Of Maryland INC
Grant Deed
—
Oct 22, 2007
—
Hd Dev Of Maryland INC
Home Depot USA INC
Quit Claim Deed
related
—
Jul 26, 2004
—
Lee-tashie Partners
Lee,john A JR
Quit Claim Deed
related
—
Apr 11, 2002
—
Paul B Tashie
Lee,john A JR
Grant Deed
related
—
Nov 21, 2001
$850,000
John A Lee JR.
Tipper,nellie F
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.
Try Rey
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