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Property profile & analytics
OFF-MARKET
Estimated value
$2,935,000
Warehouses
849 Aviation Pkwy Smyrna, TN 37167-2582
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US80-0393855
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
32,293 SF
Lot
5.01 ac (218,236 SF)
APN
018-006.09-000
UPID
US80-0393855
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
-
Adenus Utilities Construction Company General Contractor
-
DMW Expedite Logistics Company Freight Service
-
Integrity IT Tech Support Center IT Consulting Firm
-
Adenus Wastewater Solutions Plumbing Service
-
Strike Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.94M
Owner & transaction history
Aviation Parkway Ptshp · 15 yrs held
Aviation Parkway Ptshp
since 2010
7 recorded transactions
Zoning & alternative use
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%
$4,320,000
6.5%
$3,990,000
7%
$3,705,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,045,000
Current use
Blend value · Realmo final
$2.94M
Range $2.64M – $3.23M · ±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
$91 / 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
$25,976
Tax year 2023
Assessed value
$1,081,480
Assessed 2024
Previous assessed
$1,081,480
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$308,720
Assessed improvement
$772,760
Land market value
$771,800
Improvement market value
$1,931,900
Total market value
$2,703,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
32,293 SF
Lot
5.01 ac (218,236 SF)
APN
018-006.09-000
UPID
US80-0393855
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
WAREHOUSE, STORAGE Current
Est. value
$4.0M
WAREHOUSE, STORAGE Current
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
2007
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
5.01 ac
Current owner
From public records · entity-resolved
Aviation Parkway Ptshp
Individual
Mailing address
849 AVIATION PKWY, SMYRNA, TN 37167-2582
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2018
—
Adenus Group LLC
—
Deed
related
$925,000 · Ascend FCU
Aug 9, 2017
—
Adenus Group LLC
—
Deed
related
$500,000 · Ascend FCU
Aug 7, 2017
—
Aviation Parkway Ptshp
—
Deed
related
$2,100,000 · Ascend FCU
Oct 12, 2010
—
Aviation Parkway Ptshp
Aviation Parkway LP
Quit Claim Deed
related
—
May 8, 2006
$501,000
Aviation Parkway
Smyrna Land Co Ltd
Grant Deed
$150,000 · Firstbank NA
—
—
Aviation Parkway Ptshp
—
Deed Of Trust
related
$2,100,000 · Ascend FCU
—
—
Adenus Group LLC
—
Deed Of Trust
related
$500,000 · Ascend FCU
—
—
Adenus Group LLC
—
Deed Of Trust
related
$925,000 · Ascend FCU
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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