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Property profile & analytics
FOR LEASE
Strip malls
1740 N Germantown Pkwy, Cordova, TN 38016
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1307734
For Lease
1 / 6
$5,965,000
1740 N Germantown Pkwy, Cordova, TN 38016
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1993
Total area
44,316 SF
Lot
3.91 ac (170,320 SF)
Zoning code
CA
APN
096-500- - -00472
UPID
US80-1307734
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
-
Memphis Exotic smoke shop (Bike/Boat/Book/etc) Store
-
Mame's Hair Braiding Hair Salon Nail Salon
-
Britney Lyn Neal Alternative Medicine Practice
-
Steven Chang Alternative Medicine Practice
-
Ace Hardware Cordova Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.93M
CAP Approach
CAP
$8.04M
Comparable Approach
Comparable
$5.93M
Blend (final)
Blend
$5.97M
Owner & transaction history
Millan Holdings LLC · 3 yrs held
Millan Holdings LLC
since 2023
Last sale
$6.0M
6 recorded transactions
Zoning & alternative use
CA · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,440,000
ML approach
$5,925,000
CAP Approach
CAP Return
Estimation
6%
$8,705,000
6.5%
$8,035,000
7%
$7,460,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,195,000
Current use
MEDICAL BUILDING
$6,560,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.97M
Range $5.37M – $6.56M · ±10% · vs last sale $6.00M (Jan 3 2023)
Last sale anchor
$6.00M
Jan 3 2023
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
$135 / 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
$93,136
Tax year 2022
Assessed value
$1,528,920
Assessed 2023
Previous assessed
$1,528,920
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$614,720
Assessed improvement
$914,200
Land market value
$1,536,800
Improvement market value
$2,285,500
Total market value
$3,822,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1993
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
44,316 SF
Lot
3.91 ac (170,320 SF)
Zoning code
CA
APN
096-500- - -00472
UPID
US80-1307734
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.91 ac
Current owner
From public records · entity-resolved
Millan Holdings LLC
Entity
Mailing address
126 MAIN ST STE A, CLARKSVILLE, TN 37040-3244
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
$6,000,000
Millan Holdings LLC
Scgv Dexter Ridge LLC
Special Warranty Deed
$4,200,000 · Wilson Bank & Trust
Jan 3, 2023
—
Millan Holdings LLC
Scgv Dixter Ridge LLC
Quit Claim Deed
related
—
Aug 28, 2014
—
Scgv-dexter Ridge LLC
Dexter Ridge Shopping Center L
Quit Claim Deed
related
$16,000,000 · First Tn Bk
Aug 28, 2014
$3,601,933
Scgv-dexter Ridge LLC
Dexter Ridge Shopping Center L
Grant Deed
related
—
—
—
Dexter Ridge Shopping Center L
—
Deed Of Trust
related
$45,060 · Gs Mtg Secs Corp II #1998-c1
—
—
Scgv-dexter Ridge LLC
—
Deed Of Trust
related
$2,440,000 · American Family Mutual Ins Co
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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