Entity Owned Property summary
AI-generated overview
The property is an office building providing 106,480 square feet of office space. The building includes a renovated lobby (renovated in 2023) and a fitness center constructed in 2023, with an on-site building engineer. Tenants have access to a 6-acre lake with approximately 0.3 miles of walking trails. Building features include five dock doors with pit levelers, a freight elevator, 24/7 HVAC, and a wet sprinkler fire protection system.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
253,831 SF
Lot
16.74 ac (729,325 SF)
Zoning code
EMP
APN
D02-07 - - -00246
UPID
US80-2395462
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
-
Big Box & Wholesale Store Food Market
-
Corporate Office
-
Real Estate Agency
-
Property Management Company
-
Social Service Agency Charitable Organization
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$40.94M
Comparable Approach
Comparable
$37.69M
Blend (final)
Blend
$34.21M
Owner & transaction history
since 2015
6 recorded transactions
Zoning & alternative use
EMP · Cordova, TN
Top alternative use upside
Neighborhood: shopping center
$41.2M
+42.1%
Medical building
$37.6M
+29.5%
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.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$34.21M
Value range
$30.78M – $37.63M
±10% around blend
Estimated value / SF
$135 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$30.78M
blend $34.21M
$37.63M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
253,831 SF
Lot area
16.74 ac
Year built
1991
Stories
1
APN
D02-07 - - -00246
Zoning
EMP
Assessed value
$10,384,560
Annual tax
$352,037
3
Income approach: direct capitalization
Partial preview
Income approach indication
$40.94M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$44.35M
@ 6.5% CAP return
$40.94M
@ 7% CAP return
$38.02M
4
Sales comparison
Partial preview
Sales approach indication
$37.69M
Range $18.43M – $48.29M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$34.21M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$114
+18%
Submarket 66 sales
$109
+24%
County 632 sales
$120
+13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $135/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+42%
vs current-use indication
Medical Building
Office Building · current use
Auto Repair, Garage
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
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.38M
Move the market yield to see immediate price impact.
Value / SF
$41
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
5.00%7.00%9.00%
$654k
$13.08M
$9.35M
$7.27M
$727k
$14.54M
$10.38M
$8.08M
$800k
$15.99M
$11.42M
$8.88M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$352,037
Tax year 2022
Assessed value
$10,384,560
Assessed 2023
Previous assessed
$10,384,560
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$837,760
Assessed improvement
$9,546,800
Land market value
$2,094,400
Improvement market value
$23,867,000
Total market value
$25,961,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
253,831 SF
Lot
16.74 ac (729,325 SF)
Zoning code
EMP
APN
D02-07 - - -00246
UPID
US80-2395462
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
16.74 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
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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