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Property profile & analytics
OFF-MARKET
Estimated value
$3,015,000
Medical Office Space
1255 Germantown Rd Germantown, TN 38138-2227
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0788228
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
9,230 SF
Lot
1.06 ac (46,043 SF)
Zoning code
C-2
APN
G02-20 - - -00452
UPID
US80-0788228
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
-
Lori Shenep, MD Pediatrician Medical Clinic
-
Jennifer Berger, MD Pediatrician Medical Clinic
-
Charlotte Dick, MD Pediatrician Medical Clinic
-
Memphis Pediatrics: Tauke Audrey MD Pediatrician Medical Clinic
-
Aimee Christian, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.96M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.02M
Owner & transaction history
Fcpt Holdings LLC · 3 yrs held
Fcpt Holdings LLC
since 2023
Last sale
$3.3M
4 recorded transactions
Zoning & alternative use
C-2 · Germantown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rict (R low density) Residential district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (SC-1) Office district (O) Office district (O-51) Office district (O-C office campus) Office district (O-T off…
Zone name
Commercial District
General category
COMMERCIAL
Zone area
97.38 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$2.8M
+115.3%
Office building
$2.7M
+107.8%
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 Germantown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Germantown 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
$3,015,000
ML approach
$2,955,000
CAP Approach
CAP Return
Estimation
6%
$2,230,000
6.5%
$2,060,000
7%
$1,910,000
Alternative Use
Use
Estimation
RESTAURANT
$2,840,000
Change: +115% · Conversion: Difficult
OFFICE BUILDING
$2,745,000
Change: +108% · Conversion: Easy
Blend value · Realmo final
$3.02M
Range $2.71M – $3.32M · ±10% · vs last sale $3.33M (Apr 12 2023)
Last sale anchor
$3.33M
Apr 12 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
$327 / 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
$49,121
Tax year 2022
Assessed value
$970,160
Assessed 2023
Previous assessed
$970,160
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$354,600
Assessed improvement
$615,560
Land market value
$886,500
Improvement market value
$1,538,900
Total market value
$2,425,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,230 SF
Lot
1.06 ac (46,043 SF)
Zoning code
C-2
APN
G02-20 - - -00452
UPID
US80-0788228
Jurisdiction
SHELBY
Zoning & alternative use
C-2 · Germantown, TNZoning C-2 · permitted uses
C-2 · Germantown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rict (R low density) Residential district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (SC-1) Office district (O) Office district (O-51) Office district (O-C office campus) Office district (O-T office technology) Old Germantown district (OG) Old Germantown district (OG-1) Smart g
Zone name
Commercial District
General category
COMMERCIAL
Zone area
97.38 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
RESTAURANT
OFFICE 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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Fcpt Holdings LLC
Entity
Mailing address
PO BOX 460049, HOUSTON, TX 77056-8049
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
$3,325,000
Fcpt Holdings LLC
Stonewall Investment Partners
Special Warranty Deed
—
Sep 18, 2015
$2,625,000
Stonewall Investment Partners
Pajama Gp
Grant Deed
—
Dec 22, 2014
—
Pajama Gp
—
Grant Deed
related
$1,550,000 · First Tn Bk
—
—
Pajama Gp
—
Deed Of Trust
related
$1,069,395 · Bancorp South 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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