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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Medical Office Space
1540 Appling Care Ln Cordova, TN 38016-4957
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US80-3371574
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
10,744 SF
Lot
0.97 ac (42,253 SF)
Zoning code
RU-3
APN
D02-07 - - -00301
UPID
US80-3371574
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
-
Hutson Nichols Martin Winborn Physician Medical Clinic
-
Nichols Martin Winborn Bishop Walls: Nichols Wyatt L PHD Physician Medical Clinic
-
Geraldine Bishop, PHD Physician Medical Clinic
-
NorthStar Primary Care-Cordova Medical Clinic
-
NorthStar Pain Management - Cordova Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.07M
Owner & transaction history
Cordova Pain Specialists PLLC · 11 yrs held
Cordova Pain Specialists PLLC
since 2015
5 recorded transactions
Zoning & alternative use
RU-3 · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+9.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,590,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,745,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±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
$100 / 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
$13,869
Tax year 2022
Assessed value
$409,120
Assessed 2023
Previous assessed
$409,120
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$55,160
Assessed improvement
$353,960
Land market value
$137,900
Improvement market value
$884,900
Total market value
$1,022,800
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
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,744 SF
Lot
0.97 ac (42,253 SF)
Zoning code
RU-3
APN
D02-07 - - -00301
UPID
US80-3371574
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Cordova, TNZoning 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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Cordova Pain Specialists PLLC
Individual
Mailing address
601 SW CORPORATE VW STE #200, TOPEKA, KS 66615-1245
Ownership since
2015
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
Jul 6, 2015
$810,000
Cordova Pain Specialists PLLC
Dcr Real Estate IV Sub I LLC
Grant Deed
$843,500 · Suntrust Bk
Jul 20, 2009
$500,000
Dcr Real Estate IV Sub I LLC
Clift R Spencer III
Trustees Deed
—
Apr 23, 2007
$235,000
Wesley Hsng Corp Of Memphis INC
Swp Gp
Warranty Deed
$864,000 · Independent Bank
Mar 11, 2002
—
Swp Gp
Appling Wood Professional Offi
Quit Claim Deed
related
—
—
—
Dcr Real Estate IV Sub I LLC
—
Deed Of Trust
related
$770,000 · Goldman Sachs Bank USA
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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