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Property profile & analytics
OFF-MARKET
Estimated value
$5,040,000
Strip malls
465 Germantown Pkwy, Cordova, TN 38018-6692
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1513870
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
22,000 SF
Lot
2.23 ac (97,226 SF)
Zoning code
EMP
APN
091-080- -B-00003-C
UPID
US80-1513870
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
-
Dental 1, Dr Sid Fletcher Dental Office
-
Sport Clips Haircuts of Cordova Hair Salon
-
Lennys Grill & Subs Take-out & Catering
-
Erika P. Cox, OD Physician
-
We Fix It Phone Repair Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.72M
CAP Approach
CAP
$3.99M
Comparable Approach
Comparable
$5.56M
Blend (final)
Blend
$5.04M
Owner & transaction history
The Pointe LLC · 4 yrs held
The Pointe LLC
since 2021
Last sale
$5.7M
1 recorded transaction
Zoning & alternative use
EMP · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.9M
+94.5%
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
$4,635,000
ML approach
$4,715,000
CAP Approach
CAP Return
Estimation
6%
$4,320,000
6.5%
$3,990,000
7%
$3,705,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,575,000
Current use
RESTAURANT
$6,945,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$3,255,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.04M
Range $4.54M – $5.54M · ±10% · vs last sale $5.67M (Jul 29 2021)
Last sale anchor
$5.67M
Jul 29 2021
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
$229 / 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
$113,797
Tax year 2022
Assessed value
$1,868,080
Assessed 2023
Previous assessed
$1,868,080
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$476,040
Assessed improvement
$1,392,040
Land market value
$1,190,100
Improvement market value
$3,480,100
Total market value
$4,670,200
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
22,000 SF
Lot
2.23 ac (97,226 SF)
Zoning code
EMP
APN
091-080- -B-00003-C
UPID
US80-1513870
Jurisdiction
SHELBY
Zoning & alternative use
EMP · Cordova, TN
Zoning EMP · permitted uses
EMP · 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
$3.6M
RESTAURANT
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
The Pointe LLC
Entity
Mailing address
985 CORDOVA STA AVE, CORDOVA, TN 38018-3104
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2021
$5,673,597
The Pointe LLC
Lightman Cordova Center Co
Warranty Deed
$4,535,000 · First National Bank & Trust
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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