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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Office buildings
146 Timber Crk Dr, Cordova, TN 38018-4395
Entity Owned
13-yr Hold
Free & Clear
Property ID
US80-3317048
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
15,108 SF
Lot
0.92 ac (39,988 SF)
Zoning code
OG
APN
091-113- - -00149
UPID
US80-3317048
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
-
Jessica Balderson Physician
-
Ms. Stephanie Cagle Physician
-
Gerrie Walters Physician
-
DeVoreshia Albright, MA Physician
-
Cultivate Behavioral Health & Education | Timber Creek Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.99M
Owner & transaction history
Steuer Family LLC · 13 yrs held
Steuer Family LLC
since 2013
7 recorded transactions
Zoning & alternative use
OG · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+48.0%
Medical building
$2.2M
+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%
$2,640,000
6.5%
$2,435,000
7%
$2,265,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,660,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,455,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$2,235,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,510,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$1,355,000
Change: -18% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,350,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±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
$35,980
Tax year 2022
Assessed value
$590,640
Assessed 2023
Previous assessed
$590,640
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$88,080
Assessed improvement
$502,560
Land market value
$220,200
Improvement market value
$1,256,400
Total market value
$1,476,600
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
1988
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
15,108 SF
Lot
0.92 ac (39,988 SF)
Zoning code
OG
APN
091-113- - -00149
UPID
US80-3317048
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
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Steuer Family LLC
Entity
Free & Clear · 13 yrs held
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
—
Steuer Family LLC
—
Deed
related
$1,200,000 · Bancorpsouth Bank
Mar 31, 2022
—
Steuer Family LLC
—
Deed
related
$1,200,000 · Bancorpsouth Bank
Jan 9, 2015
—
Steuer Family LLC
—
Grant Deed
related
$1,232,500 · Bancorpsouth
Feb 7, 2013
—
Steuer Family LLC
Midsouth Pain Treatment Center
Quit Claim Deed
related
—
Sep 6, 2012
$990,000
Midsouth Pain Treatment Center
Fletcher,tony W
Warranty Deed
—
Jul 13, 2012
—
Tony W Fletcher
Whitsitt,chet
Quit Claim Deed
related
—
Jul 11, 2008
$1,300,000
Tony W Fletcher
Tc Office Partners
Warranty Deed
$1,045,000 · First Citizens National 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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