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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Strip malls
584 Germantown Pkwy, Cordova, TN 38018-5211
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-3171765
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Total area
15,100 SF
Lot
1.44 ac (62,683 SF)
Zoning code
CMU-2
APN
091-076- - -00004
UPID
US80-3171765
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
-
Rahman Mamunur MD Pediatrician Physician
-
AutoZone Auto Parts Auto Parts Store
-
Trinity Children's Learning Center Daycare Center
-
Nguyen Kim T MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.91M
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$2.84M
Owner & transaction history
Andrea Kristovich · 3 yrs held
Andrea Kristovich
since 2022
Last sale
$3.3M
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
$2,760,000
ML approach
$2,905,000
CAP Approach
CAP Return
Estimation
6%
$2,965,000
6.5%
$2,735,000
7%
$2,540,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,450,000
Current use
MEDICAL BUILDING
$2,235,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10% · vs last sale $3.33M (Aug 19 2022)
Last sale anchor
$3.33M
Aug 19 2022
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
$188 / 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
$51,857
Tax year 2022
Assessed value
$851,280
Assessed 2023
Previous assessed
$851,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$338,040
Assessed improvement
$513,240
Land market value
$845,100
Improvement market value
$1,283,100
Total market value
$2,128,200
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
1991
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
15,100 SF
Lot
1.44 ac (62,683 SF)
Zoning code
CMU-2
APN
091-076- - -00004
UPID
US80-3171765
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
$2.5M
MEDICAL BUILDING
Est. value
$2.2M
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Andrea Kristovich
Individual
Free & Clear · 3 yrs held
Mailing address
21555 PROSPECT RD, SARATOGA, CA 95070-6539
Ownership since
2022
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
Aug 19, 2022
—
Andrea Kristovich
Germantown Parkway Partners LLC
Quit Claim Deed
related
—
Aug 19, 2022
$3,325,000
Andrea Kristovich
Germantown Parkway Partners LLC
Special Warranty Deed
$1,890,000 · Bay Commercial Bank
Sep 17, 2012
—
Germantown Parkway Ptrs LLC
Egan Family Ptshp
Quit Claim Deed
related
—
Jul 17, 2008
$2,390,000
Egan Family Ptshp
Amreit
Grant Deed
$1,195,000 · Amreit Real Estate Inv Tr (tr)
—
—
Germantown Parkway Ptrs LLC
—
Deed Of Trust
related
$1,025,000 · First Nat'l Bk/estrn Ar
—
—
Egan Family Ptshp
—
Deed Of Trust
related
$1,195,000 · Landmark Community Bank
—
—
Germantown Parkway Ptrs LLC
—
Deed Of Trust
related
$875,000 · Pinnacle 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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