Property profile

2270 Germantown Pkwy Cordova, TN 38016

OFF-MARKET
Hotels
Property ID
US80-0460633
55,932 SF 2.13 ac lot Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1998
Total area 55,932 SF
Lot 2.13 ac (92,957 SF)
Zoning code CA
APN 096-500- - -00560
UPID US80-0460633

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Training Center Vocational School

Location

2270 Germantown Pkwy Cordova, TN 38016-4487
Cordova metro Census 21142 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.46M
CAP Approach CAP
$4.02M
Comparable Approach Comparable
$5.93M
Blend (final) Blend
$5.31M

Owner & transaction history

since 2021
Last sale
$7.8M
5 recorded transactions
2021
$6.5M
2021
$6.5M
2018
$6.6M
2016
$6.1M
2006
Price N/A

Zoning & alternative use

CA · Cordova, TN
Top alternative use upside
Neighborhood: shopping center $9.1M +118.8%
Medical building $8.3M +99.4%
Office building $6.4M +54.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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