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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Warehouses
1215 Vermeer Cv Cordova, TN 38018-6579
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3174771
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
10,968 SF
Lot
0.89 ac (38,725 SF)
Zoning code
IH
APN
D02-15 - - -00539
UPID
US80-3174771
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Moore Holdings LLC · 4 yrs held
Moore Holdings LLC
since 2022
Last sale
$915,000
5 recorded transactions
Zoning & alternative use
IH · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+162.3%
Auto repair, garage
$1.1M
+139.1%
Retail stores
$985,000
+114.8%
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
$760,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,205,000
Change: +162% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,095,000
Change: +139% · Conversion: Easy
RETAIL STORES
$985,000
Change: +115% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$980,000
Change: +113% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $915k (Jun 6 2022)
Last sale anchor
$915k
Jun 6 2022
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
$77 / 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
$9,325
Tax year 2022
Assessed value
$275,080
Assessed 2023
Previous assessed
$275,080
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$27,920
Assessed improvement
$247,160
Land market value
$69,800
Improvement market value
$617,900
Total market value
$687,700
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
2003
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Total area
10,968 SF
Lot
0.89 ac (38,725 SF)
Zoning code
IH
APN
D02-15 - - -00539
UPID
US80-3174771
Jurisdiction
SHELBY
Zoning & alternative use
IH · Cordova, TN
Zoning IH · permitted uses
IH · 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
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$985,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$980,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2003
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Moore Holdings LLC
Entity
Mailing address
1237 MACON VW DR, CORDOVA, TN 38018-0627
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2022
$915,000
Moore Holdings LLC
Mark S Pickens SR.
Warranty Deed
$777,750 · Patriot Bank
Sep 3, 2019
—
Mark S Pickens SR.
—
Deed
related
$471,128 · Renasant Bk
Nov 20, 2007
$480,000
Mark S Pickens SR.
Hershey,roy G
Warranty Deed
$500,000 · Springer Evelyn I Trust (tr)
—
—
Mark S Pickens SR.
—
Deed Of Trust
related
$471,128 · Renasant Bk
—
—
Roy G Hershey
—
Deed Of Trust
related
$340,000 · Insouth Bank
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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