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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    590 Sam Ridley Pkwy Smyrna, TN 37167-5621

    • Drive through restaurants
    • 2,846 SF
    • 0.78 lot acres
    OFF-MARKET
    Last Sale
    Sep 27, 2023
    $1,900,000
    Value Estimations
    $1,870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0002789
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Freddy’s Frozen Custard & Steakburgers / Fast Food Restaurant

    Property Details for 590 Sam Ridley Pkwy

    Year built
    2021
    Construction
    FRAME
    Lot size
    0.78 lot acres
    Property size
    2,846 SF
    Property type
    Drive through restaurants
    APN
    028-067.13-000
    APU
    2806713000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,685,000
      ML approach
      $1,750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,110,000
      Market price range: $998k - $2.11M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5606
    Latitude
    35.9806
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,628
    $477,560
    $298,000
    $775,560
    -
    $1,193,900
    $745,000
    $1,938,900

    Comparable in this City

    • Value Estimation
      $3,150,000
      3,019 SF

      490 Sam Ridley Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,019 SF
      490 Sam Ridley Pkwy, Smyrna, TN 37167-5620
      View Details
    • Value Estimation
      $670,000
      4,434 SF

      470 Sam Ridley Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,434 SF
      470 Sam Ridley Pkwy, Smyrna, TN 37167-5620
      View Details
    • Value Estimation
      $2,180,000
      974 SF

      344 Sam Ridley Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 974 SF
      344 Sam Ridley Pkwy, Smyrna, TN 37167-5619
      View Details
    • Value Estimation
      $2,580,000
      1,030 SF

      540 Enon Spgs E Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,030 SF
      540 Enon Spgs E Rd, Smyrna, TN 37167-4409
      View Details
    • Value Estimation by Request
      1,984 SF

      1714 Almaville Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,984 SF
      1714 Almaville Rd, Smyrna, TN 37167
      View Details
    • Value Estimation by Request
      2,858 SF

      593 Lowry St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,858 SF
      593 Lowry St, Smyrna, TN 37167-3801
      View Details

    Similar Nearby for Sale

    • $3,850,000
      2,325 SF

      New Chipotle with Drive-Thru

      New construction Chipotle with drive-thru, corporately guaranteed, long-term lease.
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      1920s Schoolhouse Near Smyrna Depot

      Unique property blending vintage charm with modern functionality near Smyrna.
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      Walgreens NNN Asset For Sale

      Single tenant Walgreens with a 13-year primary term.
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      16,214 SF

      New Retail Building on Parkway

      Freestanding retail building with dock doors and highway visibility.
      560 Sam Ridley Pkwy West, Smyrna, TN 37167
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    • $524,900
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      Versatile Commercial House in Smyrna

      Adaptable 1,450 sqft commercial house on 18,000 sqft lot.
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    • $1,625,000
      2.24 Acres

      Smyrna Commercial Land Investment

      Prime 2.24-acre commercial lot, I-24 access.
      360 Sam Ridley Pkwy, Smyrna, TN 37167
      View Details

    Similar Nearby for Lease

    • $8,000 /Mo
      3,075 SF

      Restaurant Building with Drive-Thru

      3,075 SF restaurant space with drive-thru in Smyrna, TN.
      450 Enon Springs Rd E, Smyrna, TN 37167
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    • Contact for pricing
      13,130 SF

      Rock Springs Retail Center Space Available

      Smyrna, TN retail/office space for lease.
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      6,564 SF

      Smyrna Retail Space Available

      Retail space available for lease in Smyrna, Tennessee.
      819 Industrial Blvd, Smyrna, TN 37167
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    • Contact for pricing
      3,004 SF

      Retail Space on Sam Ridley

      Class A shopping center with high traffic and ample parking.
      440 W Sam Ridley Pkwy, Smyrna, TN 37167
      View Details
    • Contact for pricing
      34,854 SF

      Retail Space Near Nissan Plant

      Retail property near Nissan plant in growing Rutherford County.
      551 S Lowry St, Smyrna, TN 37167
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Smyrna, TN

      Retail space for lease in a Publix-anchored shopping center.
      1610 Lee Victory Pkwy, Smyrna, TN 37167
      View Details
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    Smyrna, TN 37167-5621
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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