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Property profile & analytics
OFF-MARKET
Strip malls
2130 Exeter Rd Germantown, TN 38138-3973
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-0810885
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2018
Total area
7,140 SF
Lot
5.3 ac (230,694 SF)
Zoning code
SC-1
APN
G02-31 - - -00468
UPID
US80-0810885
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
-
The Container Store Home Decor Store Department Store
-
Victoria Apple Pharmacy
-
Cristi Harding Pharmacy
-
Trader Joe's Grocery & Convenience Store Food Market
-
The Container Store Custom Closets - Memphis / Germantown Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2130 Exeter LLC · 4 yrs held
2130 Exeter LLC
since 2021
Last sale
$19.6M
4 recorded transactions
Zoning & alternative use
SC-1 · Germantown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
l district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (SC-1) Office district (O) Office district (O-51) Office district (O-C office campus) Office district (O-T office technology) Old Germantown…
Zone name
Shopping District
General category
COMMERCIAL
Zone area
71.50 ac
Source
code of ordinances
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 Germantown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Germantown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$310,361
Tax year 2023
Assessed value
$5,936,280
Assessed 2024
Previous assessed
$5,936,280
+0.0% YoY
Effective rate
5.23%
On assessed value
Assessed land
$1,889,560
Assessed improvement
$4,046,720
Land market value
$4,723,900
Improvement market value
$10,116,800
Total market value
$14,840,700
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
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
7,140 SF
Lot
5.3 ac (230,694 SF)
Zoning code
SC-1
APN
G02-31 - - -00468
UPID
US80-0810885
Jurisdiction
SHELBY
Zoning & alternative use
SC-1 · Germantown, TNZoning SC-1 · permitted uses
SC-1 · Germantown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
l district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (SC-1) Office district (O) Office district (O-51) Office district (O-C office campus) Office district (O-T office technology) Old Germantown district (OG) Old Germantown district (OG-1) Smart growth suburban (T-3) Smart growt
Zone name
Shopping District
General category
COMMERCIAL
Zone area
71.50 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
5.3 ac
Current owner
From public records · entity-resolved
2130 Exeter LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3550 LENOX RD NE STE #2000, ATLANTA, GA 30326-1811
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2021
$19,597,302
2130 Exeter LLC
2130 Exer Road Holdings LLC
Special Warranty Deed
—
Oct 4, 2021
—
2130 Exeter LLC
2130 Exeter Road Holdings LLC
Intrafamily Transfer
related
—
Dec 11, 2017
$8,125,000
2130 Exeter Road Holdings LLC
Schwab Robert & Louise Trust
Warranty Deed
related
$10,750,000 · Branch Bk&tr
Feb 25, 1999
$5,500,000
Schwab Trust
Us Income Fund Vi Ltd
Grant Deed
—
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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