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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Medical Office Space
1365 Brierbrook Rd Germantown, TN 38138-2208
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US80-0176471
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Total area
4,980 SF
Lot
0.49 ac (21,301 SF)
Zoning code
O
APN
G02-20J- -K-00002
UPID
US80-0176471
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
-
Alicia Gavrock, RN, BSN Physician
-
Kathleen M. Bockhold, MSN Physician
-
Atkeison Julie A Physician Referral Service
-
Hudson Brittney L Medical Clinic
-
Laura Farhat, FNP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$280k
Owner & transaction history
Steuer Family LLC · 13 yrs held
Steuer Family LLC
since 2013
7 recorded transactions
Zoning & alternative use
O · Germantown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ily 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 Germa…
Zone name
Office
General category
COMMERCIAL
Zone area
126.59 ac
Source
code of ordinances
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$710,000
Current use
Blend value · Realmo final
$280k
Range $252k – $308k · ±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
$56 / 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
$17,103
Tax year 2022
Assessed value
$337,800
Assessed 2023
Previous assessed
$337,800
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$136,600
Assessed improvement
$201,200
Land market value
$341,500
Improvement market value
$503,000
Total market value
$844,500
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
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,980 SF
Lot
0.49 ac (21,301 SF)
Zoning code
O
APN
G02-20J- -K-00002
UPID
US80-0176471
Jurisdiction
SHELBY
Zoning & alternative use
O · Germantown, TNZoning O · permitted uses
O · Germantown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ily 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 growth suburban (T-3) Smart growth general urban (T-4
Zone name
Office
General category
COMMERCIAL
Zone area
126.59 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$710,000
MEDICAL BUILDING Current
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Steuer Family LLC
Entity
Mailing address
7971 MALCOLM CV, GERMANTOWN, TN 38138-4915
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2024
—
Steuer Family LLC
—
Deed
related
$543,215 · First Horizon Bank
Sep 11, 2019
—
Steuer Family LLC
—
Deed
related
$3,285,307 · First Tn Bk
Feb 7, 2013
—
Steuer Family LLC
Midsouth Pain Treatment Center
Quit Claim Deed
related
—
Jun 10, 2010
—
Mid South Pain Treatment Cente
—
Trustees Deed
related
$1,221,092 · Bancorpsouth
Feb 5, 2009
$725,000
Midsouth Pain Treatment Center
1375 West Brierbrook Road
Warranty Deed
$500,000 · Sycamore Bank
Feb 19, 2001
$638,400
1375 West Brierbrook Road LP
Tanner Investment Co LLC
Grant Deed
—
—
—
Steuer Family LLC|steuer,michael E
—
Loan Modification
related
$2,060,307 · Bancorpsouth
—
—
Steuer Family LLC
—
Deed Of Trust
related
$3,285,307 · First Tn Bk
—
—
Michael E Steuer Md PC
—
Deed Of Trust
related
$340,000 · Bancorp South Bank
—
—
Steuer Family LLC
—
Loan Modification
related
$1,898,307 · Bancorp South Bank
—
—
Steuer Family LLC
—
Loan Modification
related
$1,412,000 · Bancorp South Bank
—
—
Midsouth Pain Treatment Center
—
Deed Of Trust
related
$1,412,000 · 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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