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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
613 Potomac Pl Ste 201 Smyrna, TN 37167-5654
Entity Owned
10-yr Hold
Free & Clear
Property ID
US80-0458930
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
FRAME
Total area
1,597 SF
Lot
0.03 ac (1,263 SF)
Zoning code
C-2
APN
028I-A-002.00-C-002
UPID
US80-0458930
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
$525k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$354k
Blend (final)
Blend
$530k
Owner & transaction history
J & J Property-1 LLC · 10 yrs held
J & J Property-1 LLC
since 2016
Last sale
$577,617
6 recorded transactions
Zoning & alternative use
C-2 · Smyrna, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$540,000
+53.0%
Auto repair, garage
$430,000
+21.9%
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
$535,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$440,000
7%
$405,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$355,000
Current use
COMMERCIAL (GENERAL)
$540,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$430,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$325,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $578k (Jan 6 2025)
Last sale anchor
$578k
Jan 6 2025
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
$332 / 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
Assessed value
$93,120
Assessed 2024
Previous assessed
$93,120
+0.0% YoY
Assessed land
$11,120
Assessed improvement
$82,000
Land market value
$27,800
Improvement market value
$205,000
Total market value
$232,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Bathrooms
1
Total area
1,597 SF
Lot
0.03 ac (1,263 SF)
Zoning code
C-2
APN
028I-A-002.00-C-002
UPID
US80-0458930
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
OFFICE BUILDING Current
Est. value
$355,000
COMMERCIAL (GENERAL)
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$430,000
MEDICAL BUILDING
Est. value
$325,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2000
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
J & J Property-1 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
613 POTOMAC PL STE #201, SMYRNA, TN 37167-5654
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Mar 14, 2016
—
J & J Property-1 LLC
Donovan,james J
Quit Claim Deed
related
—
Oct 29, 2015
$231,500
James J Donovan
Pht Investments LLC
Warranty Deed
—
Sep 16, 2010
$57,351,351
Pht Investments LLC
Hoganson,rick & Maureen
Warranty Deed
$169,700 · Suntrust Bank NA
Aug 4, 2006
$190,000
Rick Hoganson
Kious,david W & Pam
Warranty Deed
$152,000 · Bancorp South Bank
Nov 17, 2004
—
David W Kious
Southern Title Services LLC
Quit Claim Deed
related
—
—
—
Pht Investments LLC
—
Deed Of Trust
related
$1,307,250 · Newbridge 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.
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