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

    697 President Pl Smyrna, TN 37167-5673

    • Office buildings
    • 3,667 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1358399
    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

    • Tennessee Business Broker Solutions / Business Management Consultant
    • Executive Decisions Search Group / Employment Agency
    • Highland Industrial Staffing / Employment Agency
    • Farmers Insurance - Kerri Conner / Insurance Agency
    • Bratten Dental / Dental Office

    Property Details for 697 President Pl

    Year built
    2001
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property size
    3,667 SF
    Property type
    Office buildings
    APN
    028-068.02-C-002
    APU
    02806802C002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $848,000
      Market price range: $370k - $1.23M
      AI Estimate
      $494,000
      Market price range: $237k - $640k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $810,000
      Current use
      AUTO REPAIR, GARAGE
      $990,000
      Change: +22% Conversion: Difficult
      MEDICAL BUILDING
      $750,000
      Change: -8% Conversion: Easy
      RETAIL STORES
      $675,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5565
    Latitude
    35.9797
    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
    $5,369
    $29,280
    $194,280
    $223,560
    -
    $73,200
    $485,700
    $558,900

    Comparable in this City

    • Value Estimation by Request
      1,872 SF

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      OFFICE BUILDING • 1,872 SF
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      View Details
    • Value Estimation by Request
      1,200 SF

      611 Potomac Pl Ste, Unit 120

      OFFICE BUILDING • 1,200 SF
      611 Potomac Pl Ste, Smyrna, TN 37167-5628
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    • Value Estimation
      $2,090,000
      11,935 SF

      831 7th Oaks Blvd

      OFFICE BUILDING • 11,935 SF
      831 7th Oaks Blvd, Smyrna, TN 37167-6485
      View Details
    • Value Estimation
      $9,470,000
      64,907 SF

      1412 Hazelwood Dr

      OFFICE BUILDING • 64,907 SF
      1412 Hazelwood Dr, Smyrna, TN 37167-3900
      View Details
    • Value Estimation by Request
      1,597 SF

      613 Potomac Pl Ste, Unit 205

      OFFICE BUILDING • 1,597 SF
      613 Potomac Pl Ste, Smyrna, TN 37167-5654
      View Details
    • Value Estimation
      $2,005,000
      13,456 SF

      105 3rd Industrial Rd

      OFFICE BUILDING • 13,456 SF
      105 3rd Industrial Rd, Smyrna, TN 37167-7900
      View Details

    Similar Nearby for Sale

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      Smyrna Office Building: Value-Add Opportunity

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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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      Wellington Office Suites Available

      Prime Wellington location, two suites available
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      Smyrna Commercial Land - 1.94 Acres

      Prime Smyrna location, high traffic, investment opportunity.
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    • Contact for pricing
      2,000 SF

      Industrial/Flex Condo For Sale

      2,000 SF industrial/flex condo in a business park.
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      Smyrna Wooded Acres Opportunity

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    Similar Nearby for Lease

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      Rock Springs Retail Center Space Available

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      Smyrna Medical Office Space Available

      Medical office space for lease in Smyrna, Tennessee.
      739 President Pl, Smyrna, TN 37167
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    • $6 SF/Yr
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      Smyrna Warehouse Near I-24

      240,000 SF warehouse in Smyrna, less than 1 mile from I-24.
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    • Contact for pricing
      1,050 SF

      Retail Space in Smyrna, TN

      Retail space available in a Publix-anchored shopping center.
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      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Smyrna, TN

      Retail space for lease in a Publix-anchored shopping center.
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      View Details
    • $8,000 /Mo
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      Restaurant Building with Drive-Thru

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    Smyrna, TN 37167-5673
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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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