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Property profile & analytics
FOR LEASE
Strip malls
1890 N Germantown Pkwy, Cordova, TN 38016
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1110293
For Lease
1 / 2
$3,940,000
1890 N Germantown Pkwy, Cordova, TN 38016
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
25,923 SF
Lot
2.4 ac (104,370 SF)
Zoning code
R-8
APN
096-500- - -00706-C
UPID
US80-1110293
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
-
Vet Pets Animal Hospital Veterinary Clinic
-
Drennan Michael DVM Veterinary Clinic
-
Beauty Trendz Cordova - Beauty Supply Store (Bike/Boat/Book/etc) Store Cosmetic Store
-
Sweet Musings Bakery & Cafe Bakery Specialty Food Shop
-
Grayson S. Ross, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.45M
CAP Approach
CAP
$4.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.94M
Owner & transaction history
Briarwood Retail Center LLC · 4 yrs held
Briarwood Retail Center LLC
since 2021
Last sale
$4.1M
2 recorded transactions
Zoning & alternative use
R-8 · 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
$3,350,000
ML approach
$3,445,000
CAP Approach
CAP Return
Estimation
6%
$5,090,000
6.5%
$4,700,000
7%
$4,365,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,210,000
Current use
MEDICAL BUILDING
$3,835,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.94M
Range $3.55M – $4.33M · ±10% · vs last sale $4.10M (Oct 8 2021)
Last sale anchor
$4.10M
Oct 8 2021
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
$152 / 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
$93,127
Tax year 2022
Assessed value
$1,528,760
Assessed 2023
Previous assessed
$1,528,760
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$504,600
Assessed improvement
$1,024,160
Land market value
$1,261,500
Improvement market value
$2,560,400
Total market value
$3,821,900
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
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
25,923 SF
Lot
2.4 ac (104,370 SF)
Zoning code
R-8
APN
096-500- - -00706-C
UPID
US80-1110293
Jurisdiction
SHELBY
Zoning & alternative use
R-8 · Cordova, TN
Zoning R-8 · permitted uses
R-8 · 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
$4.2M
MEDICAL BUILDING
Est. value
$3.8M
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Briarwood Retail Center LLC
Entity
Mailing address
10125 S SHERIDAN RD STE G, TULSA, OK 74133-6766
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
$4,100,000
Briarwood Retail Center LLC
American Properties Co Gp
Special Warranty Deed
$3,485,000 · The First Natl Bank & Trust Broken
—
—
American Properties Co
—
Deed Of Trust
related
$2,825,000 · Ameritas Life Insurance Corp
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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