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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Office buildings
138 Timber Crk Dr, Cordova, TN 38018-4234
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US80-3228081
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
10,428 SF
Lot
0.48 ac (21,039 SF)
Zoning code
OG
APN
091-113- - -00152
UPID
US80-3228081
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
-
Bill Maclin - Private Wealth Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Michael Lowell Turner - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Brooke Pilant - Associate Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Jimmy Shamoun - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Julie W Terry - Private Wealth Advisor, Ameriprise Financial Services, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.37M
Owner & transaction history
Insouth Bank · 18 yrs held
Insouth Bank
since 2007
7 recorded transactions
Zoning & alternative use
OG · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+48.0%
Medical building
$1.5M
+34.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,820,000
6.5%
$1,680,000
7%
$1,560,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,145,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,695,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$1,545,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,045,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$935,000
Change: -18% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$930,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±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
$131 / 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
$24,834
Tax year 2022
Assessed value
$407,680
Assessed 2023
Previous assessed
$407,680
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$46,360
Assessed improvement
$361,320
Land market value
$115,900
Improvement market value
$903,300
Total market value
$1,019,200
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
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,428 SF
Lot
0.48 ac (21,039 SF)
Zoning code
OG
APN
091-113- - -00152
UPID
US80-3228081
Jurisdiction
SHELBY
Zoning & alternative use
OG · Cordova, TN
Zoning OG · permitted uses
OG · 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
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$935,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$930,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Insouth Bank
Entity
Mailing address
138 TIMBER CRK DR, CORDOVA, TN 38018-4234
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2007
$1,050,000
Insouth Bank
Timber Creek Investments LLC
Trustees Deed
related
—
Jun 7, 2006
—
Timber Creek Investments LLC
Bowden,jere W
Quit Claim Deed
related
$1,200,000 · Insouth Bank
Jun 7, 2006
$1,150,000
Timber Creek Investments LLC
Bowden,jere W
Grant Deed
—
Apr 2, 2004
$34,500
Bowden Building Corp
Houston Levee Crossing Ptrs
Warranty Deed
—
Jan 29, 2004
$33,000
Bowden Building Corp
Rusco
Warranty Deed
$267,400 · Financial Fsb
Apr 29, 1998
$950,000
Jere W Bowden
Hyneman-miller LLC
Grant Deed
$1,012,500 · Bank Of Bartlett
—
—
Jere W Bowden
—
Deed Of Trust
related
$1,000,000 · Renasant Bank
—
—
138 Timber Creek LLC
—
Deed Of Trust
related
$970,894 · Trust One 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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