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Property profile & analytics
OFF-MARKET
Office buildings
1326 Hardwood Trl, Cordova, TN 38016-0528
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3494458
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
5,000 SF
Lot
0.5 ac (21,954 SF)
Zoning code
RU-3
APN
096-900- - -00567
UPID
US80-3494458
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
-
Byrne Westmoreland, PLLC Law Firm
-
Billings Real Estate Appraisal Real Estate Agency
-
A E Property Management LLC Property Management Company Service Establishment
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mile High Borrower 1 Income LLC · 4 yrs held
Mile High Borrower 1 Income LLC
since 2021
Last sale
$260,000
5 recorded transactions
Zoning & alternative use
RU-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,908
Tax year 2023
Assessed value
$195,480
Assessed 2024
Previous assessed
$195,480
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$48,240
Assessed improvement
$147,240
Land market value
$120,600
Improvement market value
$368,100
Total market value
$488,700
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
5,000 SF
Lot
0.5 ac (21,954 SF)
Zoning code
RU-3
APN
096-900- - -00567
UPID
US80-3494458
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.
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Mile High Borrower 1 Income LLC
Entity
Mailing address
1326 HARDWOOD TRL, CORDOVA, TN 38016-0528
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Dec 16, 2021
$260,000
Mile High Borrower 1 Income LLC
Jeffrey A Hardin
Warranty Deed
—
Jun 8, 2021
$60,000
Craig D Ellis
John Walls III
Warranty Deed
$48,000 · Evolve Bank & Trust
Mar 13, 2020
$265,000
Beverly A Waters
Faye F Garner
Warranty Deed
$251,750 · Eagle Bk
Dec 29, 2006
$480,000
Ryan E Byrne
Christian,wayne A
Warranty Deed
$382,500 · First Tennessee Bank National
—
—
Ryan E Byrne
—
Deed Of Trust
related
$257,000 · Metropolitan Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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