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Property profile & analytics
OFF-MARKET
Estimated value
$3,445,000
Grocery and convenience stores
141 Houston Levee Rd Cordova, TN 38018-7161
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1112942
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2009
Total area
6,641 SF
Lot
1.84 ac (80,020 SF)
Zoning code
CA
APN
D02-21 - - -00454
UPID
US80-1112942
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$3.45M
Owner & transaction history
Shridhi Properties LLC · 4 yrs held
Shridhi Properties LLC
since 2022
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
CA · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+94.5%
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
$3,285,000
ML approach
$3,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,095,000
Change: +94% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.10M – $3.79M · ±10% · vs last sale $3.96M (Mar 25 2022)
Last sale anchor
$3.96M
Mar 25 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
$519 / 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
$46,389
Tax year 2022
Assessed value
$1,368,400
Assessed 2023
Previous assessed
$1,368,400
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$720,000
Assessed improvement
$648,400
Land market value
$1,800,000
Improvement market value
$1,621,000
Total market value
$3,421,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
6,641 SF
Lot
1.84 ac (80,020 SF)
Zoning code
CA
APN
D02-21 - - -00454
UPID
US80-1112942
Jurisdiction
SHELBY
Zoning & alternative use
CA · Cordova, TN
Zoning CA · permitted uses
CA · 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
RESTAURANT
Est. value
$2.1M
RESTAURANT
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.84 ac
Current owner
From public records · entity-resolved
Shridhi Properties LLC
Entity
Mailing address
1256 GRANT PARK CV, COLLIERVILLE, TN 38017-2290
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
$3,960,000
Shridhi Properties LLC
Bee Ridge Associates Ltd
Special Warranty Deed
$3,168,000 · Insouth Bank
Jun 17, 2015
$3,777,000
4301 Bee Ridge Associates Ltd
Dm Restaurants INC
Grant Deed
—
—
—
Breaktime Bp Of Dq Grill & Chill
—
Deed Of Trust
related
$1,500,000 · Six Bridges Capital Corp
—
—
Dv Restaurants
—
Deed Of Trust
related
—
—
—
Dm Restaurants INC
—
Deed Of Trust
related
$450,000 · American Com'l Holdings LLC
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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