Financial
Distress signals
Property profile

1245 N Germantown Pkwy Cordova, TN 38016

FOR LEASE
Strip malls
Property ID
US80-3371296
137,355 SF 14.8 ac lot Built 2000
Last sale Jul 2018 · $12,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Parcel 1 is an outparcel property within the Germantown Square development, located on the south side of the overall property behind the Top’s BBQ development. The parcel comprises approximately 1.26 acres and fronts Germantown Parkway, providing visibility and access along Cordova Road. The site is positioned to serve customer parking associated with the Germantown Parkway area and provides convenient access to Germantown Parkway.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$241k
Tax billed · 2022
Assessed value · 2023$3.96M
Assessed land$2.13M
Assessed improvement$1.82M
Effective rate6.09%

Value estimate

· Sep 2026
$11.41M
$10.26M – $12.55M
Submarket $/SF estimate$15.35M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$162/SF
Submarket average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$87 – $253

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CMU-2
CMU-2 Commercial Mixed Use - 2 CMU-3 Commercial Mixed Use - 3 CBD Central Business CMP-1 Campus Master Plan - 1 CMP-2 Campus Master Plan ...
General categoryMIXED_USE
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply29.6
Wholesale Shop22.0
Auto Parts Store20.7

Location

1245 N Germantown Pkwy Cordova, TN 38016
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2393 Galleria, Memphis, TN 38016 $5,145,487 Dec 2023 54,627 SF
1771 Germantown, Cordova, TN 38016-5092 $8,535,000 Sep 2023 26,839 SF
1740 Germantown, Cordova, TN 38016-3307 $6,000,000 Jan 2023 44,316 SF
1862 Germantown, Cordova, TN 38016-3304 $2,850,000 Mar 2022 32,455 SF
8014 Clb Ctr, Cordova, TN 38016-8656 $3,850,000 Feb 2022 28,700 SF
2382 Germantown, Cordova, TN 38016-7404 $3,281,250 Dec 2019 36,922 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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