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Property profile & analytics
FOR SALE
Medical Office Space
8000-8040 Wolf River Blvd, Germantown, TN 38138
Entity Owned
13-yr Hold
Free & Clear
Property ID
US80-1498085
For Sale
1 / 2
$9,630,000
8000-8040 Wolf River Blvd, Germantown, TN 38138
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
59,710 SF
Lot
4.21 ac (183,388 SF)
Zoning code
O
APN
G02-20 - - -00499
UPID
US80-1498085
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
-
Joshua French Physician
-
Germantown Dermatology Physician Medical Clinic
-
Pamela Sylvestre Physician
-
Dr. Rajesh Ramachandran Physician
-
Lenee M. Allison, Crna Medical Billing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.32M
Comparable Approach
Comparable
$9.27M
Blend (final)
Blend
$9.63M
Owner & transaction history
Hrt Of Tennessee INC · 13 yrs held
Hrt Of Tennessee INC
since 2013
3 recorded transactions
Zoning & alternative use
O · Germantown, 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 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%
$14,425,000
6.5%
$13,315,000
7%
$12,365,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,540,000
Current use
Blend value · Realmo final
$9.63M
Range $8.67M – $10.59M · ±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
$161 / 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
$278,638
Tax year 2022
Assessed value
$5,503,200
Assessed 2023
Previous assessed
$5,503,200
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$971,480
Assessed improvement
$4,531,720
Land market value
$2,428,700
Improvement market value
$11,329,300
Total market value
$13,758,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
59,710 SF
Lot
4.21 ac (183,388 SF)
Zoning code
O
APN
G02-20 - - -00499
UPID
US80-1498085
Jurisdiction
SHELBY
Zoning & alternative use
O · Germantown, TN
Zoning O · permitted uses
O · 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
MEDICAL BUILDING Current
Est. value
$8.5M
MEDICAL BUILDING Current
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.21 ac
Current owner
From public records · entity-resolved
Hrt Of Tennessee INC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2013
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
Jan 30, 2013
—
Hrt Of Tennessee INC
Wrg Ltd
Quit Claim Deed
related
—
Jan 30, 2013
$12,942,610
Hrt Of Tennessee INC
Lmp Wolf River II LLC
Grant Deed
—
Jan 30, 2013
$3,207,390
Hrt Of Tennessee INC
Wrg Ltd
Grant Deed
—
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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