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Property profile & analytics
OFF-MARKET
Medical Office Space
8110 Cordova Rd Cordova, TN 38016-0520
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3134473
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Total area
70,700 SF
Lot
5.81 ac (253,084 SF)
Zoning code
CMU-2
APN
096-900- - -00559
UPID
US80-3134473
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
-
Jason Stewart Physician
-
Racquel Spencer Pediatrician Physician
-
Century Link Telecommunications Service Data Center
-
Saia Trim Group Interior Design Home Decor Store
-
Megan Bolton Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gregory Realty Gp · 4 yrs held
Gregory Realty Gp
since 2022
Last sale
$22.1M
7 recorded transactions
Zoning & alternative use
CMU-2 · Cordova, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$149,572
Tax year 2022
Assessed value
$2,455,360
Assessed 2023
Previous assessed
$2,455,360
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$857,280
Assessed improvement
$1,598,080
Land market value
$2,143,200
Improvement market value
$3,995,200
Total market value
$6,138,400
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
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
70,700 SF
Lot
5.81 ac (253,084 SF)
Zoning code
CMU-2
APN
096-900- - -00559
UPID
US80-3134473
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Cordova, TNZoning CMU-2 · permitted uses
CMU-2 · Cordova, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.81 ac
Current owner
From public records · entity-resolved
Gregory Realty Gp
Entity
Mailing address
PO BOX 382366, GERMANTOWN, TN 38183-2366
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2022
$22,068,500
Gregory Realty Gp
The Bank Of New York Trust Company
Special Warranty Deed
$16,731,144 · Guaranty Bank & Trust Co
Aug 26, 2016
$19,750,000
Bank Of New York Mello 2007-iq14 Tr
Clift R Spencer III|1250 Pp Group I LLC
Trustees Deed
related
—
Sep 29, 2009
$183,860
Pp Private Investor Xi 1250
1250 Pp Group I LLC
Warranty Deed
related
—
Dec 14, 2007
$207,940
Pp Private Investor Xi 1250
1250 Pp Group I LLC
Warranty Deed
related
—
Dec 14, 2007
$738,550
Pp Private Investor Xi 1250
1250 Pp Private Investor Xiii
Warranty Deed
related
—
May 10, 2006
$1,400,000
Linda Call
Sd 118 LLC
Warranty Deed
$820,000 · Sd #118 LLC
Apr 15, 2005
$340,000
Sd 118 LLC
Cordova Town Center Ptshp
Warranty Deed
$983,250 · Diners Cap Of North America LP
—
—
Country Village Dev Ptshp
—
Deed Of Trust
related
$6,000,000 · 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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