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Property profile & analytics
OFF-MARKET
Estimated value
$7,340,000
Grocery and convenience stores
7735 Farmington Blvd Germantown, TN 38138-2901
Entity Owned
14-yr Hold
Free & Clear
Property ID
US80-1001805
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Total area
97,662 SF
Lot
8.52 ac (371,262 SF)
Zoning code
SC-1
APN
G02-20 - - -00169
UPID
US80-1001805
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
-
Kroger Deli Food Market Restaurant
-
Kroger Floral (Bike/Boat/Book/etc) Store Florist
-
Ria Money Transfer - Kroger Bank Credit Union
-
SNOWFOX Sushi Take-out & Catering
-
Racheal Mitchell Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.98M
Blend (final)
Blend
$7.34M
Owner & transaction history
LP I Kroger · 14 yrs held
LP I Kroger
since 2011
3 recorded transactions
Zoning & alternative use
SC-1 · Germantown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.5M
+16.8%
Apartment house (5+ units)
$8.7M
+7.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$8,105,000
Current use
AUTO REPAIR, GARAGE
$9,465,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,690,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,170,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$7.34M
Range $6.61M – $8.07M · ±10%
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
$75 / 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
$269,362
Tax year 2022
Assessed value
$5,320,000
Assessed 2023
Previous assessed
$5,320,000
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$1,647,480
Assessed improvement
$3,672,520
Land market value
$4,118,700
Improvement market value
$9,181,300
Total market value
$13,300,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
97,662 SF
Lot
8.52 ac (371,262 SF)
Zoning code
SC-1
APN
G02-20 - - -00169
UPID
US80-1001805
Jurisdiction
SHELBY
Zoning & alternative use
SC-1 · Germantown, TN
Zoning 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
Germantown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
8.52 ac
Current owner
From public records · entity-resolved
LP I Kroger
Entity
Free & Clear · 14 yrs held
Mailing address
1014 VINE ST, CINCINNATI, OH 45202-1141
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2011
$10,987,675
LP I Kroger
Sm Properties LP
Grant Deed
—
Sep 15, 2011
—
LP I Kroger
Sm Properties LP
Quit Claim Deed
related
—
Jan 4, 2007
—
Schnuck Edward J Trust
Sm Properties Memphis LLC
Quit Claim Deed
related
$10,000,000 · Jefferson Pilot Financial Ins
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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