Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,260,000
Apartment buildings
8341 Macon Ter Cordova, TN 38018
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0782031
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2003
Total area
182,664 SF
Lot
17.29 ac (753,327 SF)
Zoning code
RU-2
APN
091-010- - -00001
UPID
US80-0782031
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.15M
Blend (final)
Blend
$11.26M
Owner & transaction history
Memph Cordova LLC · 5 yrs held
Memph Cordova LLC
since 2020
Last sale
$14.2M
7 recorded transactions
Zoning & alternative use
RU-2 · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.3M
+12.0%
Retail stores
$16.4M
+0.6%
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
Method
Estimation
Statistic approach
$11,460,000
ML approach
$8,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$16,310,000
Current use
AUTO REPAIR, GARAGE
$18,270,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$16,410,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$11.26M
Range $10.13M – $12.39M · ±10% · vs last sale $14.16M (Oct 1 2020)
Last sale anchor
$14.16M
Oct 1 2020
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
$62 / 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
$663,587
Tax year 2022
Assessed value
$10,893,400
Assessed 2023
Previous assessed
$10,893,400
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$1,138,720
Assessed improvement
$9,754,680
Land market value
$2,846,800
Improvement market value
$24,386,700
Total market value
$27,233,500
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Units
120
Bathrooms
4
Total area
182,664 SF
Lot
17.29 ac (753,327 SF)
Zoning code
RU-2
APN
091-010- - -00001
UPID
US80-0782031
Jurisdiction
SHELBY
Zoning & alternative use
RU-2 · Cordova, TNZoning RU-2 · permitted uses
RU-2 · Cordova, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$16.3M
AUTO REPAIR, GARAGE
Est. value
$18.3M
RETAIL STORES
Est. value
$16.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
120
Bathrooms
4
Lot
17.29 ac
Current owner
From public records · entity-resolved
Memph Cordova LLC
Entity
Mailing address
30 VREELAND RD, FLORHAM PARK, NJ 07932
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2020
—
Memph Cordova LLC
Memphis Villas LLC
Quit Claim Deed
related
$23,737,500 · Berkadia Com'l Mtg
Sep 22, 2020
$31,500,000
Memph Cordova LLC
Memphis Villas LLC
Grant Deed
related
—
Apr 18, 2012
$19,267,500
Memphis Villas LLC
Gecmc 2006-c1 Prestine Loop Ll
Deed Of Trust
related
$15,707,600 · Key Bank & Trust
Jul 19, 2011
$14,157,500
Gecmc 2006-c1 Prestine Loop Ll
Quinn,harris P
Trustees Deed
—
Mar 2, 2005
—
Empirian Cordova LLC
Cordova Associates LLC
Quit Claim Deed
related
$57,000,000 · Merrill Lynch Mortgage Lending
Mar 2, 2005
$22,817,696
Empirian Cordova LLC
Cordova Associates LLC
Grant Deed
related
—
Aug 13, 2004
—
Cordova Associates LLC
—
Deed Of Trust
related
$15,500,000 · Primary Capital Advisors Lc
Dec 26, 2001
—
Cordova Associates LLC
Udr Of Tennessee LP
Grant Deed
$930,000 · First Tennessee Bank National
Oct 5, 1998
$1,750,000
Udr Williamsburg LP
Gill,raymond B
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.
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 8341 Macon Ter?
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.
