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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Retail space
1684 Germantown Pkwy Cordova, TN 38016-5961
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US80-0146293
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
3,952 SF
Lot
0.74 ac (32,234 SF)
Zoning code
RU-3
APN
096-500- - -00538
UPID
US80-0146293
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
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
AT&T - Internet Service Provider Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$575k
Owner & transaction history
Memphat Ptshp · 16 yrs held
Memphat Ptshp
since 2009
5 recorded transactions
Zoning & alternative use
RU-3 · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$640,000
+80.8%
Medical building
$585,000
+64.8%
Office building
$450,000
+27.2%
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%
$600,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
RETAIL STORES
$355,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$640,000
Change: +81% · Conversion: Moderate
MEDICAL BUILDING
$585,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$450,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$395,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$145 / 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
$21,199
Tax year 2022
Assessed value
$348,000
Assessed 2023
Previous assessed
$348,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$193,280
Assessed improvement
$154,720
Land market value
$483,200
Improvement market value
$386,800
Total market value
$870,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,952 SF
Lot
0.74 ac (32,234 SF)
Zoning code
RU-3
APN
096-500- - -00538
UPID
US80-0146293
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Cordova, TN
Zoning 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
Cordova. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$355,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$640,000
MEDICAL BUILDING
Est. value
$585,000
OFFICE BUILDING
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$395,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Memphat Ptshp
Individual
Mailing address
3100 W END AVE STE #1070, NASHVILLE, TN 37203-1384
Ownership since
2009
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
Nov 20, 2009
$2,370,000
Memphat Ptshp
Retail Realty Partners LLC
Warranty Deed
$1,896,000 · Reliant Bk
May 13, 2008
$1,341,000
Retail Realty Partners LLC
First Capital Bank
Warranty Deed
$1,976,060 · Cadence Bank
Dec 19, 2006
$1,220,000
First Capital Bank
Kabb
Warranty Deed
related
—
—
—
Memphat Ptshp
—
Loan Modification
related
$1,461,356 · Reliant Bk
—
—
Memphat Ptshp
—
Deed Of Trust
related
$1,825,694 · Reliant 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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