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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Retail space
761 Walnut Knl Ln Cordova, TN 38018-6410
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1734499
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Total area
6,656 SF
Lot
0.47 ac (20,299 SF)
Zoning code
RU-3
APN
091-034- - -00013
UPID
US80-1734499
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
-
Selah’s Beauty Spa Spa & Massage Center Skin Care Clinic
-
Grace Waxing Co Hair Salon Nail Salon
-
Beonka's Beauty Studio, LLC Cosmetic Store
-
The Crown Connect Hair Salon
-
Character Hair Gallery Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
Yourie Hair Salon LLC · 3 yrs held
Yourie Hair Salon LLC
since 2023
Last sale
$660,000
7 recorded transactions
Zoning & alternative use
RU-3 · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$985,000
+64.8%
Office building
$730,000
+22.2%
Auto repair, garage
$665,000
+11.4%
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
$600,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$600,000
Current use
MEDICAL BUILDING
$985,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$730,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$665,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$595,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $660k (Feb 23 2023)
Last sale anchor
$660k
Feb 23 2023
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
$93 / 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
$11,776
Tax year 2022
Assessed value
$193,320
Assessed 2023
Previous assessed
$193,320
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$32,520
Assessed improvement
$160,800
Land market value
$81,300
Improvement market value
$402,000
Total market value
$483,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,656 SF
Lot
0.47 ac (20,299 SF)
Zoning code
RU-3
APN
091-034- - -00013
UPID
US80-1734499
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Cordova, TN
Zoning RU-3 · permitted uses
RU-3 · 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
RETAIL STORES Current
Est. value
$600,000
MEDICAL BUILDING
Est. value
$985,000
OFFICE BUILDING
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$665,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$595,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Yourie Hair Salon LLC
Entity
Mailing address
277 GERMAN OAK DR, CORDOVA, TN 38018-7221
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2023
—
Yourie Hair Salon LLC
Yourie Wright
Quit Claim Deed
related
—
Jun 15, 2021
$660,000
Yourie Wright
Lisa A Mcnerney
Warranty Deed
$644,886 · Patriot Bank
May 7, 2019
—
Lisa A Mcnemey
Butler,j Paige
Quit Claim Deed
related
—
Apr 9, 2019
—
Lisa A Mcnerney
Mcnerney,john P
Quit Claim Deed
related
—
Jan 3, 2019
—
J Paige Butler
Mcnerney,lisa A
Quit Claim Deed
related
—
Jun 16, 2006
—
John P Mcnerney
Mcnerney,john P & Lisa A
Quit Claim Deed
related
—
—
—
John P Mcnerney
—
Deed Of Trust
related
$592,000 · Southtrust Bank NA
—
—
John P Mcnerney
—
Deed Of Trust
related
$371,000 · Wells Fargo Bank
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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