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Property profile & analytics
OFF-MARKET
Estimated value
$26,820,000
Strip malls
2323 Germantown Pkwy, Cordova, TN 38016-7406
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-3110786
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
10,578 SF
Lot
1.86 ac (81,022 SF)
Zoning code
CA
APN
096-500- -C-00005
UPID
US80-3110786
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
-
ATM Atm Cars
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Verizon Business Services Business To Business Service
-
Nothing Bundt Cakes Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$26.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.82M
Owner & transaction history
Countrywood Plaza Memphis Spe LLC · 2 yrs held
Countrywood Plaza Memphis Spe LLC
since 2024
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
Method
Estimation
Statistic approach
$26,820,000
ML approach
$26,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.82M
Range $24.14M – $29.50M · ±10% · vs last sale $26.82M (Jun 17 2024)
Last sale anchor
$26.82M
Jun 17 2024
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
$2,535 / 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
$87,815
Tax year 2022
Assessed value
$1,441,560
Assessed 2023
Previous assessed
$1,441,560
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$411,600
Assessed improvement
$1,029,960
Land market value
$1,029,000
Improvement market value
$2,574,900
Total market value
$3,603,900
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
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,578 SF
Lot
1.86 ac (81,022 SF)
Zoning code
CA
APN
096-500- -C-00005
UPID
US80-3110786
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
Lot
1.86 ac
Current owner
From public records · entity-resolved
Countrywood Plaza Memphis Spe LLC
Entity
Mailing address
1234 E 17TH ST, SANTA ANA, CA 92701-2612
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
37 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2024
—
Countrywood Plaza Memphis Spe LLC
Countrywood Plaza Memphis I LLC
Quit Claim Deed
related
$15,000,000 · United Of Omaha Life Ins Company
Jun 21, 2023
$26,820,000
Countrywood Plaza Memphis I LLC
Rss Comm2013lc13 Tn Cd LLC
Special Warranty Deed
—
Jul 2, 2013
—
Countrywood Exchange LLC
Countrywood Exchange LLC
Quit Claim Deed
related
$31,800,000 · Ladder Capital Finance LLC
Jun 4, 2013
$282,000
Countrywood 1031 LLC
Countrywood-buechler LLC
Grant Deed
related
—
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
—
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-1 LLC
Countrywood 1031 LLC
Grant Deed
related
—
Oct 16, 2008
$1,269,851
Countrywood-sciallo LLC
Countrywood 1031 LLC
Grant Deed
related
—
Oct 14, 2008
$529,104
Countrywood-leonard LLC
Countrywood 1031 LLC
Grant Deed
related
—
Sep 26, 2008
$933,397
Countrywood-don Page LLC
Countrywood 1031 LLC
Grant Deed
related
—
Sep 26, 2008
$1,164,030
Countrywood-rothe 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
$613,550
Countrywood-parks LLC
Countrywood 1031 LLC
Grant Deed
related
—
Sep 12, 2008
$1,100,538
Countrywood-sandrini LLC
Countrywood 1031 LLC
Grant Deed
related
—
Sep 5, 2008
$1,164,030
Countrywood-black LLC
Countrywood 1031 LLC
Grant Deed
related
—
Sep 5, 2008
$1,060,326
Countrywood-lindler LLC
Countrywood 1031 LLC
Grant Deed
related
—
Sep 5, 2008
$4,232,838
Countrywood-mcdonald 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
$1,269,851
Countrywood-soberski 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
$2,454,200
Countrywood-arroyo 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
$1,494,955
Countrywood-buechler LLC
Countrywood 1031 LLC
Grant Deed
related
—
Mar 19, 2008
$5,220,543
Countrywood 1031 LLC
Smith Family Lot 5 LLC
Warranty Deed
—
Dec 27, 2006
$1,650,000
Smith Family Lot 5 LLC
Tombo Properties INC
Grant Deed
$3,577,299 · Merchants & Farmers Bank
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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