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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office buildings
1322 Hardwood Trl, Cordova, TN 38016-0527
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0115809
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
6,680 SF
Lot
0.47 ac (20,647 SF)
Zoning code
RU-3
APN
096-900- - -00566
UPID
US80-0115809
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
-
Orijennal Art Art Studio
-
Cordova Realty Inc Real Estate Agency
-
K C Lam & Associates Real Estate Agency
-
Financial Planning Group Financial Advisor
-
Care Haven LLC Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$670k
Owner & transaction history
Perfect Tax Solutions LLC · 4 yrs held
Perfect Tax Solutions LLC
since 2022
Last sale
$655,000
7 recorded transactions
Zoning & alternative use
RU-3 · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+42.1%
Medical building
$990,000
+29.5%
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
$710,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$765,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,085,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$990,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$670,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $655k (Jan 18 2022)
Last sale anchor
$655k
Jan 18 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
$100 / 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
$14,759
Tax year 2022
Assessed value
$242,280
Assessed 2023
Previous assessed
$242,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$51,400
Assessed improvement
$190,880
Land market value
$128,500
Improvement market value
$477,200
Total market value
$605,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,680 SF
Lot
0.47 ac (20,647 SF)
Zoning code
RU-3
APN
096-900- - -00566
UPID
US80-0115809
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Cordova, TN
Zoning RU-3 · permitted uses
RU-3 · 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 Current
Est. value
$765,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$670,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Perfect Tax Solutions LLC
Entity
Mailing address
2883 S MENDENHALL RD STE #6, MEMPHIS, TN 38115-1750
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
$655,000
Perfect Tax Solutions LLC
K C Lam
Warranty Deed
$524,000 · Bank Of Bartlett
Jan 12, 2022
—
K C Lam
K C Lam
Intrafamily Transfer
related
—
Dec 10, 2021
$268,000
Xiaobin Yan
Kesha N Lynom
Warranty Deed
$201,000 · First Alliance Home Mortgage LLC
Jan 8, 2020
—
K C Lam
Beruk Properties INC
Quit Claim Deed
related
—
Jun 27, 2013
$383,800
Beruk Properties INC
Paragon Natl Bk
Grant Deed
$375,000 · Financial Planning Group Memph
Oct 31, 2012
$1,350,000
Paragon Natl Bk
Digmon Marshall
Trustees Deed
related
—
Nov 2, 2011
$2,655,191
Jcb Investments LLC
Waddell,nancy & John
Warranty Deed
—
Jun 28, 2011
—
John Waddell
—
Deed Of Trust
related
$3,161,329 · Paragon National Bank
May 31, 2007
$1,062,500
John Waddell
Christian,wayne A
Warranty Deed
$1,062,500 · Pulaski 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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