Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$25,490,000
Strip malls
7694 Poplar Ave Germantown, TN 38138-3902
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-1611588
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Total area
259,136 SF
Lot
12.57 ac (547,549 SF)
Zoning code
SC-1
APN
G02-31 - - -00028
UPID
US80-1611588
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
-
Premier Fabrics of Germantown (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.49M
Owner & transaction history
Hendon Gennantown Village LLC · 3 yrs held
Hendon Gennantown Village LLC
since 2022
Last sale
$35.5M
2 recorded transactions
Zoning & alternative use
SC-1 · Germantown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
l district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (SC-1) Office district (O) Office district (O-51) Office district (O-C office campus) Office district (O-T office technology) Old Germantown…
Zone name
Shopping District
General category
COMMERCIAL
Zone area
71.50 ac
Source
code of ordinances
Top alternative use upside
Medical building
$37.1M
+94.9%
Auto repair, garage
$25.1M
+32.1%
Apartment house (5+ units)
$23.1M
+21.2%
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 Germantown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Germantown 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
$29,480,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$19,025,000
Current use
MEDICAL BUILDING
$37,065,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,120,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$23,055,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$21,500,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$15,655,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$25.49M
Range $22.94M – $28.04M · ±10% · vs last sale $35.52M (Sep 1 2022)
Last sale anchor
$35.52M
Sep 1 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
$98 / 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
$664,446
Tax year 2022
Assessed value
$13,123,040
Assessed 2023
Previous assessed
$13,123,040
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$4,424,400
Assessed improvement
$8,698,640
Land market value
$11,061,000
Improvement market value
$21,746,600
Total market value
$32,807,600
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
1975
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
54
Total area
259,136 SF
Lot
12.57 ac (547,549 SF)
Zoning code
SC-1
APN
G02-31 - - -00028
UPID
US80-1611588
Jurisdiction
SHELBY
Zoning & alternative use
SC-1 · Germantown, TNZoning SC-1 · permitted uses
SC-1 · Germantown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
l district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (SC-1) Office district (O) Office district (O-51) Office district (O-C office campus) Office district (O-T office technology) Old Germantown district (OG) Old Germantown district (OG-1) Smart growth suburban (T-3) Smart growt
Zone name
Shopping District
General category
COMMERCIAL
Zone area
71.50 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$19.0M
MEDICAL BUILDING
Est. value
$37.1M
AUTO REPAIR, GARAGE
Est. value
$25.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$23.1M
RETAIL STORES
Est. value
$21.5M
COMMERCIAL (GENERAL)
Est. value
$15.7M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1975
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
54
Lot
12.57 ac
Current owner
From public records · entity-resolved
Hendon Gennantown Village LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3445 PEACHTREE RD NE STE #465, ATLANTA, GA 30326-1234
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
$35,518,000
Hendon Gennantown Village LLC
Pebb Germantown Leb LLC
Special Warranty Deed
—
Apr 25, 2017
$27,300,000
Pebb Germantown Leb LLC
Germantown Village Square Jv
Trustees Deed
related
$24,000,000 · Citibank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7694 Poplar Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
