Property profile

1250 N Germantown Pkwy Cordova, TN 38016

FOR LEASE
Strip malls
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Property ID
US80-1409266
62,400 SF 7.49 ac Built 2003
Last sale Oct 2009·$1,212,938
Individually Owned Owner of record is an individual. 17-yr Hold Held for 17 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$175k
Tax billed · 2022
Assessed value · 2023$2.87M
Assessed land$1.39M
Assessed improvement$1.48M
Effective rate6.09%

Value estimate

· Nov 2026
$6.60M
$5.94M – $7.25M
NOI build-up
Gross scheduled income$100k
Vacancy & credit loss−$10k
Operating expenses−$27k
NOI$63k

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?
$63k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 Supply29.9
Wholesale Shop21.9
Auto Parts Store21.8

Location

1250 N Germantown Pkwy Cordova, TN 38016
County assessor Recorded deeds · 8 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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