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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Office buildings
3420 Houston Levee Rd, Germantown, TN 38139-8017
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-2839880
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Total area
8,277 SF
Lot
1.11 ac (48,352 SF)
Zoning code
GC
APN
C02-43 - - -00558
UPID
US80-2839880
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
-
Tiffany Brown, Adaro Realty, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.71M
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.66M
Owner & transaction history
April S West · 7 yrs held
April S West
since 2019
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
GC · Germantown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+158.2%
Medical building
$1.2M
+19.9%
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 Germantown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Germantown 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
$1,685,000
ML approach
$1,705,000
CAP Approach
CAP Return
Estimation
6%
$2,250,000
6.5%
$2,080,000
7%
$1,930,000
Alternative Use
Use
Estimation
RESTAURANT
$2,550,000
Change: +158% · Conversion: Moderate
MEDICAL BUILDING
$1,185,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10% · vs last sale $1.95M (Sep 29 2020)
Last sale anchor
$1.95M
Sep 29 2020
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
$200 / 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
$42,844
Tax year 2022
Assessed value
$838,440
Assessed 2023
Previous assessed
$838,440
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$345,240
Assessed improvement
$493,200
Land market value
$863,100
Improvement market value
$1,233,000
Total market value
$2,096,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2018
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,277 SF
Lot
1.11 ac (48,352 SF)
Zoning code
GC
APN
C02-43 - - -00558
UPID
US80-2839880
Jurisdiction
SHELBY
Zoning & alternative use
GC · Germantown, TN
Zoning GC · permitted uses
GC · Germantown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Germantown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
MEDICAL BUILDING
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
April S West
Individual
Mailing address
3420 S HOUSTON LEVEE RD, GERMANTOWN, TN 38139-8017
Mailing matches property
Yes
Owner-occupied
Yes
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
Oct 4, 2019
—
Regency Homebuilders LLC
—
Deed
related
$994,152 · Renasant Bk
Apr 8, 2019
$252,900
April S West
Regency Homebuilders LLC
Warranty Deed
$240,255 · Bartlett Mtg
Nov 19, 2018
—
Regency Homebuilders LLC
—
Deed Of Trust
related
$214,400 · Renasant Bk
Jul 12, 2018
—
Regency Homebuilders LLC
—
Deed Of Trust
related
$361,600 · Insouth Bk
Aug 10, 2015
$860,000
Regency Homebuilders LLC
Evolve Bk & Trust
Warranty Deed
$688,000 · Evolve Bk&tr
—
—
Regency Homebuilders LLC
—
Deed Of Trust
related
$994,152 · Renasant Bk
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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