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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Strip malls
2965 Germantown Rd Bartlett, TN 38133-4055
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-1755629
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
57,165 SF
Lot
4.56 ac (198,634 SF)
Zoning code
C-H
APN
B01-58 - - -00195
UPID
US80-1755629
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.85M
Owner & transaction history
Wfl Retail LLC · 9 yrs held
Wfl Retail LLC
since 2017
6 recorded transactions
Zoning & alternative use
C-H · Bartlett, 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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
$1.85M
Range $1.67M – $2.04M · ±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
$32 / 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
$63,289
Tax year 2022
Assessed value
$1,866,920
Assessed 2023
Previous assessed
$1,866,920
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$661,080
Assessed improvement
$1,205,840
Land market value
$1,652,700
Improvement market value
$3,014,600
Total market value
$4,667,300
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
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
8
Bathrooms
1
Total area
57,165 SF
Lot
4.56 ac (198,634 SF)
Zoning code
C-H
APN
B01-58 - - -00195
UPID
US80-1755629
Jurisdiction
SHELBY
Zoning & alternative use
C-H · Bartlett, TN
Zoning C-H · permitted uses
C-H · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
1
Lot
4.56 ac
Current owner
From public records · entity-resolved
Wfl Retail LLC
Entity
Mailing address
7598 AE BEATY DR, BARTLETT, TN 38133-3959
Ownership since
2017
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
Mar 31, 2017
$4,800,000
Wfl Retail LLC
Wolflake Retail Center LLC
Grant Deed
—
Oct 15, 2015
—
Wolflake Retail Center LLC
Bartlett Interests LLC
Quit Claim Deed
related
—
Oct 15, 2015
$3,759,500
Wolflake Retail Center LLC
Bartlett Interests LLC
Trustees Deed
$2,255,000 · First Cap Bk
Jun 2, 2014
$3,753,300
Bartlett Interests LLC
Pref Wolflake Partners Gp
Grant Deed
—
—
—
Daniel T Cline
—
Deed Of Trust
related
$15,000 · Peoples Bank & Trust
—
—
64 Investments Partnership
—
Deed Of Trust
related
$3,600,000 · Legacy 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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