465 North Germantown Pkwy Memphis, TN 38018
Strip malls
Google Maps
Entity Owned
5-yr Hold
~
Est. High Equity
For Sale
1 / 12
$4,635,000
465 North Germantown Pkwy, Memphis, TN 38018
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Estimated value (blended)
$4.64M
Range $4.17M – $5.10M (±10%)
Implied cap rate
5.60%
In-place · NOI ÷ last sale
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
Current use
Occupant on record · Public records
-
Dental Office
-
Hair Salon
-
Take-out & Catering
-
Physician
-
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
$4.64M
Owner & transaction history
since 2021
Last sale
$5.7M
1 recorded transaction
Zoning & alternative use
EMP · Cordova, TN
Top alternative use upside
Restaurant
$6.9M
+94.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.64M
Value range
$4.17M – $5.10M
±10% around blend
Estimated value / SF
$211 / SF
Confidence
None
1 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
10
$4.17M
blend $4.64M
$5.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,000 SF
Lot area
2.23 ac
Year built
2003
Stories
1
APN
091-080- -B-00003-C
Assessed value
$1,868,080
Annual tax
$113,797
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.99M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.32M
@ 6.5% CAP return
$3.99M
@ 7% CAP return
$3.71M
4
Sales comparison
Partial preview
Sales approach indication
$5.56M
Weighted, 0 comps · none confidence
Evidence
1 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.64M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 21 sales
$162
+30%
County 254 sales
$89
+137%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $211/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+94%
vs current-use indication
Neighborhood: Shopping Center · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 1 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
5.60%
Implied, in-place cap rate for this strip malls
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.60%
9.0%
NOI (est.)
$397k *
Last sale · Jul 2021
$5.67M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.09M
Move the market yield to see immediate price impact.
Value / SF
$322
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.10%5.60%6.10%
$357k
$7.01M
$6.38M
$5.86M
$397k
$7.79M
$7.09M
$6.51M
$437k
$8.57M
$7.80M
$7.16M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
1 found
None confidence · county-verified
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
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, TNZoning EMP · permitted uses
EMP · Cordova, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
EMP
Jurisdiction
Cordova, TN
Recorded code
EMP
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Debt & historyRecorded loans and transaction history
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