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Property profile & analytics
FOR LEASE
Medical Office Space
739 President Pl Smyrna, TN 37167
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US80-0052325
For Lease
1 / 2
$2,510,000
739 President Pl, Smyrna, TN 37167
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
21,872 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C-2
APN
028I-A-005.05-000
UPID
US80-0052325
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
-
Mrs. Hannah Stephens Physician
-
Julia Byrd Physician
-
Physician Plaza II Medical Clinic
-
Duncan Farrah Physician
-
Brad Bland Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.23M
Blend (final)
Blend
$2.51M
Owner & transaction history
Dp/s Smyrna Medical · 20 yrs held
Dp/s Smyrna Medical
since 2006
4 recorded transactions
Zoning & alternative use
C-2 · Smyrna, TN
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
Alternative Use
Use
Estimation
RETAIL STORES
$4,035,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,745,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±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
$115 / 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
$40,458
Tax year 2023
Assessed value
$1,684,440
Assessed 2024
Previous assessed
$1,684,440
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$390,640
Assessed improvement
$1,293,800
Land market value
$976,600
Improvement market value
$3,234,500
Total market value
$4,211,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2005
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Bathrooms
18
Total area
21,872 SF
Lot
1.3 ac (56,628 SF)
Zoning code
C-2
APN
028I-A-005.05-000
UPID
US80-0052325
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
RETAIL STORES
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RETAIL STORES
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
2005
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Bathrooms
18
Lot
1.3 ac
Current owner
From public records · entity-resolved
Dp/s Smyrna Medical
Individual
Mailing address
PO BOX 50378, NASHVILLE, TN 37205-0378
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2006
$4,500,000
Dp/s Smyrna Medical
Smyrna Medical Office Building
Grant Deed
related
$3,400,000 · Morgan Stanley Mtg Capital INC
Jul 23, 2004
$305,000
Robert S Biscan
Biscan,robert S
Quit Claim Deed
related
—
Jul 23, 2004
$430,373
Smyrna Medical Office Building
Biscan,robert S
Warranty Deed
$2,690,000 · Wilson Bank & Trust
—
—
Dp & S Smyrna Medical LP
—
Deed Of Trust
related
$3,100,000 · Heritage Bk USA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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