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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Day care centers
1950 Berryhill Rd Cordova, TN 38016-5356
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-0422140
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1982
Construction
FRAME
Total area
7,495 SF
Lot
1.53 ac (66,560 SF)
Zoning code
RU-2
APN
D02-09 - - -00545
UPID
US80-0422140
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
-
Bright Ideas Enrichment Center - Cordova Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$1.30M
Owner & transaction history
Lee Hancock Construction INC · 6 yrs held
Lee Hancock Construction INC
since 2020
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
RU-2 · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+209.1%
Medical building
$1.1M
+181.7%
Office building
$855,000
+117.6%
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
$1,240,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,215,000
Change: +209% · Conversion: Difficult
MEDICAL BUILDING
$1,110,000
Change: +182% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: +118% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.53M (Jul 23 2020)
Last sale anchor
$1.53M
Jul 23 2020
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
$173 / 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
$11,324
Tax year 2022
Assessed value
$334,040
Assessed 2023
Previous assessed
$334,040
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$69,360
Assessed improvement
$264,680
Land market value
$173,400
Improvement market value
$661,700
Total market value
$835,100
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1982
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,495 SF
Lot
1.53 ac (66,560 SF)
Zoning code
RU-2
APN
D02-09 - - -00545
UPID
US80-0422140
Jurisdiction
SHELBY
Zoning & alternative use
RU-2 · Cordova, TNZoning RU-2 · permitted uses
RU-2 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$855,000
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1982
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Lee Hancock Construction INC
Entity
Free & Clear · 6 yrs held
Mailing address
610 DISCOVERY BAY BLVD, DISCOVERY BAY, CA 94505-9457
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2020
$1,534,000
Lee Hancock Construction INC
Tn Ic Lcs LLC
Grant Deed
—
Sep 11, 2019
$1,186,573
Tn Ic Lcs LLC
Clear Capital LLC
Warranty Deed
$812,000 · Us Bk
Sep 11, 2019
$533,853
Clear Capital LLC
Bilmor INC
Warranty Deed
related
—
Feb 17, 2010
—
Bilmor INC
Bright Ideas Enrichment Center
Quit Claim Deed
related
—
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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