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Property profile & analytics
OFF-MARKET
Estimated value
$7,560,000
Medical Office Space
8040 Wolf Riv Blvd Germantown, TN 38138-1773
Entity Owned
13-yr Hold
Free & Clear
Property ID
US80-0524332
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
40,592 SF
Lot
2.94 ac (128,066 SF)
Zoning code
O
APN
G02-20 - - -00500
UPID
US80-0524332
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
-
Andrew Hamrick Physician
-
Baptist Medical Group-UT Internal Medicine Clinic Medical Clinic
-
Mrs. Elizabeth Addison Physician
-
Nicholas Bird Physician
-
Mathilda Coday Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.05M
Comparable Approach
Comparable
$8.11M
Blend (final)
Blend
$7.56M
Owner & transaction history
Hrt Of Tennessee INC · 13 yrs held
Hrt Of Tennessee INC
since 2012
3 recorded transactions
Zoning & alternative use
O · Germantown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ily 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 Germa…
Zone name
Office
General category
COMMERCIAL
Zone area
126.59 ac
Source
code of ordinances
Top alternative use upside
Restaurant
$12.5M
+115.3%
Office building
$12.1M
+107.8%
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%
$9,805,000
6.5%
$9,050,000
7%
$8,405,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,805,000
Current use
RESTAURANT
$12,500,000
Change: +115% · Conversion: Difficult
OFFICE BUILDING
$12,065,000
Change: +108% · Conversion: Easy
Blend value · Realmo final
$7.56M
Range $6.80M – $8.32M · ±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
$186 / 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
$243,674
Tax year 2022
Assessed value
$4,812,640
Assessed 2023
Previous assessed
$4,812,640
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$705,920
Assessed improvement
$4,106,720
Land market value
$1,764,800
Improvement market value
$10,266,800
Total market value
$12,031,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
40,592 SF
Lot
2.94 ac (128,066 SF)
Zoning code
O
APN
G02-20 - - -00500
UPID
US80-0524332
Jurisdiction
SHELBY
Zoning & alternative use
O · Germantown, TNZoning O · permitted uses
O · Germantown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ily 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 growth general urban (T-4
Zone name
Office
General category
COMMERCIAL
Zone area
126.59 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.8M
RESTAURANT
Est. value
$12.5M
OFFICE BUILDING
Est. value
$12.1M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.94 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
2012
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
Oct 10, 2012
$10,950,000
Hrt Of Tennessee INC
Bayrock Investment Co
Grant Deed
—
Aug 15, 2008
—
Greenbriar Holdings LLC
Landstone Greenbriar Ptrs LLC
Quit Claim Deed
related
—
Aug 15, 2008
$2,273,396
Bayrock Investments Co
Greenbriar Holdings LLC
Trustees Deed
$10,133,000 · Rbc Bank (usa)
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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