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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
2320 Germantown Rd, Germantown, TN 38138-5931
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-2994903
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1942
Total area
2,520 SF
Lot
0.3 ac (13,068 SF)
Zoning code
OG
APN
G02-31 - - -00619
UPID
US80-2994903
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
-
Mc Kendree District UMC Church
-
Lana Fowler, Fowler Realty Inc. Real Estate Agency
-
Berkadia Loan Service Bank
-
Correale Builders and Realtors Construction Company General Contractor
-
Correale Pressure Washing (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$565k
Owner & transaction history
John N Lee · 8 yrs held
John N Lee
since 2018
2 recorded transactions
Zoning & alternative use
OG · Germantown, 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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
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
$224 / 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
$7,812
Tax year 2022
Assessed value
$154,280
Assessed 2023
Previous assessed
$154,280
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$41,800
Assessed improvement
$112,480
Land market value
$104,500
Improvement market value
$281,200
Total market value
$385,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1942
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,520 SF
Lot
0.3 ac (13,068 SF)
Zoning code
OG
APN
G02-31 - - -00619
UPID
US80-2994903
Jurisdiction
SHELBY
Zoning & alternative use
OG · Germantown, TN
Zoning OG · permitted uses
OG · Germantown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Germantown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
John N Lee
Individual
Mailing address
2320 S GERMANTOWN RD, GERMANTOWN, TN 38138-5931
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Feb 1, 2018
$485,000
John N Lee
Germantown United Methodist Ch
Warranty Deed
$335,000 · Financial Fed'l Bk
Aug 15, 2008
$1,500,000
Germantown United Methodist Ch
Sullivan,tom M & Diane
Warranty 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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