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Property profile & analytics
FOR LEASE
Strip malls
2281 N Germantown Pkwy, Cordova, TN 38016
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3357381
For Lease
$1.00 SF/Yr
2281 N Germantown Pkwy, Cordova, TN 38016
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
8,160 SF
Lot
17.4 ac (757,944 SF)
Zoning code
CA
APN
096-500- - -00721
UPID
US80-3357381
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
-
Overstock Furniture and Mattress Furniture & Home Goods
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
Countrywood Plaza Memphis I LLC · 3 yrs held
Countrywood Plaza Memphis I LLC
since 2023
Last sale
$26.8M
7 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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$411,795
Tax year 2022
Assessed value
$6,760,000
Assessed 2023
Previous assessed
$6,760,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$2,651,080
Assessed improvement
$4,108,920
Land market value
$6,627,700
Improvement market value
$10,272,300
Total market value
$16,900,000
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
2007
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
8,160 SF
Lot
17.4 ac (757,944 SF)
Zoning code
CA
APN
096-500- - -00721
UPID
US80-3357381
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.
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
17.4 ac
Current owner
From public records · entity-resolved
Countrywood Plaza Memphis I LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1234 E 17TH ST, SANTA ANA, CA 92701-2612
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
30 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
$26,820,000
Countrywood Plaza Memphis I LLC
Rss Comm2013lc13 Tn Cd LLC
Special Warranty Deed
—
Nov 12, 2009
$952,388
Countrywood-rothe-2 LLC
Countrywood 1031 LLC
Grant Deed
related
—
Oct 8, 2009
$846,567
Countrywood-iqc Properties LLC
Countrywood 1031 LLC
Grant Deed
related
—
Aug 18, 2009
$423,283
Countrywood-holden LLC
Countrywood 1031 LLC
Grant Deed
related
—
Apr 1, 2009
$634,925
Countrywood-cannon LLC
Countrywood 1031 LLC
Grant Deed
related
—
Mar 6, 2009
$2,184,238
Countrywood-hardt LLC
Countrywood 1031 LLC
Grant Deed
related
—
Jan 8, 2009
$3,174,629
Countrywood-summerlin LLC
Countrywood 1031 LLC
Grant Deed
related
—
Nov 18, 2008
$1,111,120
Countrywood-eggebraaten 1 LLC
Countrywood 1031 LLC
Grant Deed
related
—
Nov 18, 2008
$1,269,851
Countrywood-jennings LLC
Countrywood 1031 LLC
Grant Deed
related
—
Nov 12, 2008
$3,174,629
Countrywood-howard LLC
Countrywood 1031 LLC
Grant Deed
related
—
Oct 29, 2008
$902,662
Countrywood-nkd LLC
Countrywood 1031 LLC
Grant Deed
related
—
Oct 17, 2008
$306,775
Countrywood-sandberg-2 LLC
Countrywood 1031 LLC
Grant Deed
related
—
Oct 16, 2008
$1,269,851
Countrywood-sciallo LLC
Countrywood 1031 LLC
Grant Deed
related
—
Oct 2, 2008
$790,498
Countrywood-cawthorne LLC
Countrywood 1031 LLC
Grant Deed
related
—
Sep 26, 2008
$1,164,030
Countrywood-rothe LLC
Countrywood 1031 LLC
Grant Deed
related
—
Sep 26, 2008
$933,397
Countrywood-don Page LLC
Countrywood 1031 LLC
Grant Deed
related
—
Sep 22, 2008
$529,104
Countrywood-pielstick-2 LLC
Countrywood 1031 LLC
Grant Deed
related
—
Sep 12, 2008
$1,100,538
Countrywood-sandrini LLC
Countrywood 1031 LLC
Grant Deed
related
—
Sep 12, 2008
$613,550
Countrywood-parks LLC
Countrywood 1031 LLC
Grant Deed
related
—
Aug 28, 2008
$1,269,851
Countrywood-soberski LLC
Countrywood 1031 LLC
Grant Deed
related
—
Aug 28, 2008
$5,291,048
Countrywood-nicholson LLC
Countrywood 1031 LLC
Grant Deed
related
—
Aug 28, 2008
$6,984,184
Countrywood-polo Club LLC
Countrywood 1031 LLC
Grant Deed
related
—
Aug 28, 2008
$1,786,514
Countrywood-petty LLC
Countrywood 1031 LLC
Grant Deed
related
—
Aug 18, 2008
$1,509,007
Countrywood-hoffmann LLC
Countrywood 1031 LLC
Grant Deed
related
—
Aug 14, 2008
$1,798,956
Countrywood-leon LLC
Countrywood 1031 LLC
Grant Deed
related
—
Aug 4, 2008
$2,226,285
Countrywood-morton LLC
Countrywood 1031 LLC
Grant Deed
related
—
Jul 31, 2008
$2,870,302
Countrywood-fitzgerald LLC
Countrywood 1031 LLC
Grant Deed
related
—
Jul 31, 2008
$2,454,200
Countrywood-arroyo LLC
Countrywood 1031 LLC
Grant Deed
related
—
Jul 31, 2008
$1,494,955
Countrywood-buechler LLC
Countrywood 1031 LLC
Grant Deed
related
—
Mar 19, 2008
$37,746,234
Countrywood 1031 LLC
Grh Glenwood LLC
Warranty Deed
$33,165,000 · Charter One
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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