Smyrna, TN
Commercial Real Estate Market Trends & Data

$343 Avg asking sale price
$708 Avg asking lease rate
42,690 SF Avg unit lease size
13,040 SF Avg building size for sale
5.93% Average cap rate

Smyrna's Demographic Profile

Smyrna has 20,801 households and a median income of $75,686, providing context for rent absorption and tenant demand across retail and multifamily assets. A +14% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 56,785
# Households 20,801
Median age 36
Median household income $75,686
Avg household size 3.0
Renter-occupied housing units 8,759
5-year population change +14%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Smyrna, TN

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
La Vergne $448 22,775 SF 7.00%
Cane Ridge $383 17,870 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Smyrna $249 17,444 SF 6.10%
La Vergne $303 15,784 SF 6.10%
Murfreesboro $256 52,727 SF 6.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Smyrna $519 3,604 SF
La Vergne $663 22,750 SF
Nolensville $499 14,175 SF
Murfreesboro $711 21,078 SF
Cane Ridge $400 20,329 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
La Vergne $283 42,000 SF 7.00%
Murfreesboro $131 51,650 SF 6.68%
Cane Ridge $364 19,867 SF 8.06%
Antioch $364 19,867 SF 8.06%
Hermitage $246 12,600 SF 6.01%

Commercial Properties For Sale in Smyrna

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

618Lowry.com | Seller Financing

Smyrna, TN 37167

  • 3,404 SF Retail Building
  • $1,095,000
For Sale

Land Development Opportunity - Smyrna, TN

Smyrna, TN 37167

  • 3.24 AC Lot
  • 1 Industrial Lot
  • $3,000,000
For Sale

City Barbeque - Smyrna, TN

Smyrna, TN 37167

  • 3,500 SF Retail Building
  • 5.75% Cap Rate
  • $3,652,173
For Sale

Country Village Plaza

Smyrna, TN 37167

  • 35,568 SF Retail Building
  • $4,999,000
For Sale

554 Huntley Industrial Blvd

Smyrna, TN 37167

  • 13,200 SF Industrial Building
  • $3,300,000
For Sale

The Shops of Lee Village

Smyrna, TN 37167

  • 1.33 AC Lot
  • 1 Commercial Lot
  • $750,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Smyrna pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Smyrna $343 13,040 SF
La Vergne $475 16,027 SF
Nolensville $362 14,637 SF
Murfreesboro $493 48,479 SF

Regional Demographic Comparison

This comparison places Smyrna alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Smyrna or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Smyrna 56,785 20,801 36 $75,686 3 8,759 14%
La Vergne 41,247 13,271 34 $72,253 3 3,959 13%
Nolensville 12,923 3,870 38 $160,168 3 277 16%
Murfreesboro 164,473 63,529 34 $74,367 3 31,340 13%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Smyrna, TN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Smyrna

View All Commercial Real Estate For Sale in Smyrna
Is Smyrna a good market for a first-time commercial real estate investor?

Smyrna offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Smyrna?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Smyrna. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Smyrna?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Smyrna. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Smyrna compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Smyrna. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Smyrna acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Smyrna, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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