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Property profile & analytics
FOR SALE
Strip malls
1245 N Germantown Pkwy, Cordova, TN 38016
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-3371296
For Sale
1 / 3
$375,000
1245 N Germantown Pkwy, Cordova, TN 38016
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
137,355 SF
Lot
14.8 ac (644,557 SF)
Zoning code
CMU-2
APN
096-900- - -00583
UPID
US80-3371296
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
-
University of Memphis, Kemmons Wilson Culinary Institute Culinary School Higher Secondary School
-
Mrs. Carolyn's Southern sweets Specialty Food Shop Candy Store
-
Amvets Donation Station Charitable Organization
-
Memphis' Incredible Pizza Company Restaurant
-
The Tile Shop Hardware & Home Improvement Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.35M
Blend (final)
Blend
$11.41M
Owner & transaction history
Nash Fields LLC · 7 yrs held
Nash Fields LLC
since 2018
5 recorded transactions
Zoning & alternative use
CMU-2 · Cordova, TN
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.41M
Range $10.26M – $12.55M · ±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
$83 / 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
$240,976
Tax year 2022
Assessed value
$3,955,840
Assessed 2023
Previous assessed
$3,955,840
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$2,132,280
Assessed improvement
$1,823,560
Land market value
$5,330,700
Improvement market value
$4,558,900
Total market value
$9,889,600
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
For Sale
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
137,355 SF
Lot
14.8 ac (644,557 SF)
Zoning code
CMU-2
APN
096-900- - -00583
UPID
US80-3371296
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Cordova, TN
Zoning CMU-2 · permitted uses
CMU-2 · 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.
Building & site characteristics
From public records
Year built
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
14.8 ac
Current owner
From public records · entity-resolved
Nash Fields LLC
Entity
Mailing address
550 SE 5TH AVE APT #304, BOCA RATON, FL 33432-5598
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Jul 12, 2018
$12,600,000
Nash Fields LLC
Germantown Square Retail Ctr L
Trustees Deed
$16,380,000 · City Nat'l Bk/fl
Jul 12, 2018
—
Nash Fields LLC
Germantown Square Retail Ctr L
Quit Claim Deed
related
—
Apr 15, 2016
—
Germantown Sq Retail Center Ll
Npk Cordova LLC
Quit Claim Deed
related
$5,800,000 · First Cap Bk
Apr 15, 2016
$9,675,000
Germantown Sq Retail Center Ll
Npk Cordova LLC
Grant Deed
—
Oct 14, 2005
$8,000,000
Npk Cordova LLC
Kmart Corp
Grant Deed
—
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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