New search
Property profile & analytics
OFF-MARKET
Office buildings
269 Germantown Bnd Cv, Cordova, TN 38018-4287
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1077751
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
3,735 SF
Lot
0.37 ac (16,117 SF)
Zoning code
RU-1
APN
091-113- - -00007
UPID
US80-1077751
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
-
Payton Place Coaching & Consulting Consultant Business Development Service
-
Reed & Associates of TN, LLC Real Estate Agency
-
Bill King Co Realtor Real Estate Agency
-
King and Vaughan Consulting Firm LLC Tax Preparation
-
J.Trenae Skin and Beauty Hair Salon Nail Salon
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
Reed And Associates Of Tn LLC · 3 yrs held
Reed And Associates Of Tn LLC
since 2022
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
RU-1 · 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
$8,896
Tax year 2022
Assessed value
$146,040
Assessed 2023
Previous assessed
$146,040
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$35,400
Assessed improvement
$110,640
Land market value
$88,500
Improvement market value
$276,600
Total market value
$365,100
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
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,735 SF
Lot
0.37 ac (16,117 SF)
Zoning code
RU-1
APN
091-113- - -00007
UPID
US80-1077751
Jurisdiction
SHELBY
Zoning & alternative use
RU-1 · Cordova, TN
Zoning RU-1 · permitted uses
RU-1 · 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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Reed And Associates Of Tn LLC
Entity
Mailing address
269 GERMANTOWN BND CV, CORDOVA, TN 38018-4287
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
$450,000
Reed And Associates Of Tn LLC
Midsouth Properties Exchange LLC
Warranty Deed
—
Sep 29, 2022
—
Michael R Reed
Michael R Reed LLC
Intrafamily Transfer
related
—
Oct 30, 2020
—
Michael R Reed LLC
—
Deed
related
—
Jul 3, 2018
—
Michael R Reed LLC
M & V Reed Second Family LP
Quit Claim Deed
related
—
Sep 16, 2008
—
M & V Reed Second Family
269 Germantown Bnd Cov Trust
Quit Claim Deed
related
$320,000 · Bank Of Fayette County
Jan 10, 2001
—
Sharon K Anderson Trustee
Reed,michael R & Victoria H
Quit Claim Deed
related
—
May 20, 1999
$21,500
Michael R Reed
Douglas R Beaty Trustee
Grant Deed
$79,200 · Pulaski Mortgage Co
Oct 21, 1998
$400,000
Michael R Reed
Young Trust
Grant Deed
$64,000 · Seller
—
—
M & V Reed Second Family LP
—
Deed Of Trust
related
$142,476 · Community Bk N Ms
—
—
Michael R Reed LLC
—
Loan Modification
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 269 Germantown Bnd Cv?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
