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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Strip malls
420 Germantown Pkwy, Cordova, TN 38018-4387
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US80-3372291
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
20,842 SF
Lot
3.08 ac (134,165 SF)
Zoning code
CMU-2
APN
091-112- - -00015
UPID
US80-3372291
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
-
Wolf River Commons Shopping Center & Mall
-
Bubble Bang Cafe & Coffee Shop
-
Parkway Wine and Liquor (Bike/Boat/Book/etc) Store Bar & Pub
-
Portales Mexican Restaurant Restaurant
-
Crumpy's Hotwings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Wolf River Commons 8 LLC · 12 yrs held
Wolf River Commons 8 LLC
since 2014
7 recorded transactions
Zoning & alternative use
CMU-2 · 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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,385,000
Current use
MEDICAL BUILDING
$3,085,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±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
$100 / 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
$57,057
Tax year 2022
Assessed value
$936,640
Assessed 2023
Previous assessed
$936,640
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$419,560
Assessed improvement
$517,080
Land market value
$1,048,900
Improvement market value
$1,292,700
Total market value
$2,341,600
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
2003
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
20,842 SF
Lot
3.08 ac (134,165 SF)
Zoning code
CMU-2
APN
091-112- - -00015
UPID
US80-3372291
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Cordova, TN
Zoning CMU-2 · permitted uses
CMU-2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.08 ac
Current owner
From public records · entity-resolved
Wolf River Commons 8 LLC
Entity
Mailing address
2650 1000TH OAKS BLVD STE #2350, MEMPHIS, TN 38118-2470
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2014
$2,300,000
Wolf River Commons 8 LLC
Wolf River Commons 132 LLC
Special Warranty Deed
$1,955,000 · First Capital Bank
Dec 3, 2010
—
Wolf River Commons 132 LLC
Z Wolf River LLC
Quit Claim Deed
related
—
Aug 7, 2006
$4,650,000
Z Wolf River LLC
Chamberlain Mccreery & Rice Gp
Warranty Deed
$3,720,000 · Lasalle National Bank
Dec 29, 2005
—
Chamberlain Mccreery
Chamberlain Mccreery & Rice Ll
Quit Claim Deed
related
—
Aug 22, 2005
—
Hk LLC
—
Trustees Deed
related
$450,000 · Bancorp South Bank
Jun 26, 2003
$1,775,000
Mccreery Chamberlain
Hk LLC
Grant Deed
$3,240,000 · Trustmark National Bank
—
—
Wolf River Commons 8 LLC
—
Deed Of Trust
related
$2,400,000 · Bank Of America
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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