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Property profile & analytics
FOR LEASE
Strip malls
2382 N Germantown Pkwy, Cordova, TN 38016
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0144900
For Lease
1 / 2
$2,820,000
2382 N Germantown Pkwy, Cordova, TN 38016
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
36,922 SF
Lot
3.1 ac (135,080 SF)
Zoning code
CA
APN
096-500- - -00696
UPID
US80-0144900
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
-
Sanitas Medical Center Medical Clinic
-
Smokers Abbey Memphis (Bike/Boat/Book/etc) Store
-
Tabitha Woodard Physician
-
Adam & Eve Stores (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Cordova Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$2.82M
Owner & transaction history
Cordova Tennessee LLC · 6 yrs held
Cordova Tennessee LLC
since 2019
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.82M
Range $2.54M – $3.10M · ±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
$76 / 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
$39,530
Tax year 2022
Assessed value
$648,920
Assessed 2023
Previous assessed
$648,920
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$501,920
Assessed improvement
$147,000
Land market value
$1,254,800
Improvement market value
$367,500
Total market value
$1,622,300
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
2006
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
36,922 SF
Lot
3.1 ac (135,080 SF)
Zoning code
CA
APN
096-500- - -00696
UPID
US80-0144900
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
Cordova Tennessee LLC
Entity
Mailing address
3113 S UNIVERSITY DR #6, FORT WORTH, TX 76109-5616
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2019
$3,281,250
Cordova Tennessee LLC
Southstar Holdings-uncc LLC
Trustees Deed
$5,256,550 · Independent Bk
Aug 23, 2010
$4,400,000
Southstar Holdings-uncc LLC
Morgan Stanley Cap I INC Serie
Grant Deed
related
$3,375,000 · First Tennessee Bank National
Oct 12, 2009
$6,298,000
Morgan Stanley Cap I INC 2007
Clift R Spencer
Trustees Deed
related
—
Nov 13, 2006
$14,600,000
Kapree Rock Creek LLC
Dominion Partners I LLC
Grant Deed
—
Nov 13, 2006
—
Kapree Rock Creek LLC
Dominion Partners I LLC
Trustees Deed
$11,700,000 · Lasalle National Bank
Aug 23, 2006
—
Dominion Partners I LLC
—
Trustees Deed
related
$441,071 · 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.
Try Rey
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