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Property profile & analytics
OFF-MARKET
Estimated value
$3,990,000
Strip malls
1010 Germantown Pkwy, Cordova, TN 38018-5892
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0060883
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
16,705 SF
Lot
1.72 ac (74,923 SF)
Zoning code
CA
APN
091-025- - -00015
UPID
US80-0060883
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
-
Shipley Do-Nuts Bakery Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.83M
CAP Approach
CAP
$3.03M
Comparable Approach
Comparable
$4.22M
Blend (final)
Blend
$3.99M
Owner & transaction history
Cordova Station Baceline LLC · 2 yrs held
Cordova Station Baceline LLC
since 2023
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
CA · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+94.5%
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 Cordova submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cordova 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
$3,715,000
ML approach
$3,825,000
CAP Approach
CAP Return
Estimation
6%
$3,280,000
6.5%
$3,030,000
7%
$2,810,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,715,000
Current use
RESTAURANT
$5,275,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$2,470,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.99M
Range $3.59M – $4.39M · ±10% · vs last sale $4.10M (Sep 15 2023)
Last sale anchor
$4.10M
Sep 15 2023
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
$239 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$78,616
Tax year 2022
Assessed value
$1,290,560
Assessed 2023
Previous assessed
$1,290,560
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$387,320
Assessed improvement
$903,240
Land market value
$968,300
Improvement market value
$2,258,100
Total market value
$3,226,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
16,705 SF
Lot
1.72 ac (74,923 SF)
Zoning code
CA
APN
091-025- - -00015
UPID
US80-0060883
Jurisdiction
SHELBY
Zoning & alternative use
CA · Cordova, TN
Zoning CA · permitted uses
CA · Cordova, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cordova. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.7M
RESTAURANT
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.72 ac
Current owner
From public records · entity-resolved
Cordova Station Baceline LLC
Entity
Mailing address
511 N BROADWAY, DENVER, CO 80203-3405
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2023
$4,100,000
Cordova Station Baceline LLC
Tmk Cordova LLC
Special Warranty Deed
$2,800,000 · Genworth Life Insurance Company
May 14, 2018
$3,795,000
Tmk Cordova LLC
Shops At Cordova Memphis LLC
Grant Deed
$2,800,000 · Miscellaneous Ins Co
May 25, 2016
$2,850,000
Shops At Cordova Memphis LLC
1010-1034 North Germantown Par
Grant Deed
—
Jan 14, 2013
$1,960,000
North Germantown Par 1010-1034
Tom Robert F
Trustees Deed
—
Jan 13, 2006
$4,100,000
West Cordova LLC
Kisber Enterprises II LLC
Warranty Deed
—
Mar 3, 2005
$3,991,200
Kisber Ents II LLC
Cordova Station LLC
Warranty Deed
$2,700,000 · First Tennessee Bank National
Nov 20, 2001
$1,159,730
J L Stafford LLC
One Up-one Down LLC
Grant Deed
—
Nov 20, 2001
—
One Up-one Down LLC
Cordova Station LLC
Quit Claim Deed
related
—
—
—
Shops At Cordova Memphis LLC
—
Deed Of Trust
related
$2,100,000 · Iberiabank
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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