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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
279 Germantown Bnd Cv, Cordova, TN 38018-7238
Individually Owned
4-yr Hold
Free & Clear
Property ID
US80-1925990
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
4,500 SF
Lot
0.36 ac (15,856 SF)
Zoning code
RU-1
APN
091-113- - -00006
UPID
US80-1925990
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
-
Nexus Title & Escrow Llc Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$503k
Blend (final)
Blend
$545k
Owner & transaction history
George Couloubaritsis · 4 yrs held
George Couloubaritsis
since 2022
Last sale
$540,000
3 recorded transactions
Zoning & alternative use
RU-1 · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$730,000
+48.0%
Medical building
$665,000
+34.9%
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
$585,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$495,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$665,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$450,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$405,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $540k (Feb 18 2022)
Last sale anchor
$540k
Feb 18 2022
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
$121 / 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
$9,795
Tax year 2022
Assessed value
$160,800
Assessed 2023
Previous assessed
$160,800
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$34,880
Assessed improvement
$125,920
Land market value
$87,200
Improvement market value
$314,800
Total market value
$402,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,500 SF
Lot
0.36 ac (15,856 SF)
Zoning code
RU-1
APN
091-113- - -00006
UPID
US80-1925990
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$495,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
MEDICAL BUILDING
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$450,000
RETAIL STORES
Est. value
$405,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
George Couloubaritsis
Individual
Free & Clear · 4 yrs held
Mailing address
756 E BROOKHAVEN CIR, MEMPHIS, TN 38117-4502
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$540,000
George Couloubaritsis
Bradford W Rainey
Warranty Deed
—
Jul 5, 2013
—
Bradford W Rainey
Rainey,marsha C
Quit Claim Deed
related
—
Jun 5, 2008
$210,000
Bradford W Rainey
Bryce,patricia M
Warranty Deed
$336,000 · 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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