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Property profile & analytics
OFF-MARKET
Retail space
8504 Macon Rd, Cordova, TN 38018-6100
Individually Owned
1-yr Hold
Absentee Owner
Property ID
US80-0932559
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
FRAME
Total area
4,980 SF
Lot
0.49 ac (21,301 SF)
Zoning code
R-6
APN
091-011- - -00007
UPID
US80-0932559
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
-
Walter Granville Allen House Heritage Building
-
Your Happy Place Massage Alternative Medicine Practice Spa & Massage Center
-
Pastille Salon and Spa Hair Salon
-
www.gracefullyembracedcorp.org Charitable Organization Social Service Agency
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
Shannon L Mcgee · 1 yrs held
Shannon L Mcgee
since 2024
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
R-6 · 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
$7,615
Tax year 2022
Assessed value
$125,000
Assessed 2023
Previous assessed
$125,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$42,680
Assessed improvement
$82,320
Land market value
$106,700
Improvement market value
$205,800
Total market value
$312,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,980 SF
Lot
0.49 ac (21,301 SF)
Zoning code
R-6
APN
091-011- - -00007
UPID
US80-0932559
Jurisdiction
SHELBY
Zoning & alternative use
R-6 · Cordova, TN
Zoning R-6 · permitted uses
R-6 · Cordova, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cordova. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Shannon L Mcgee
Individual
Mailing address
6000 POPLAR AVE STE #400, MEMPHIS, TN 38119-3955
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2024
$500,000
Shannon L Mcgee
Pastille Group LLC
Warranty Deed
$425,000 · Bank Of Bartlett
Sep 3, 2019
—
Pastille Group LLC
—
Deed
related
$124,774 · Suntrust Bk
May 1, 2012
$275,000
Pastille Group LLC
Patriot Bk
Grant Deed
—
Apr 29, 2011
$86,400
Patriot Bk
Darnell,clifton E
Trustees Deed
related
—
—
—
Pastille Group LLC
—
Deed Of Trust
related
$345,572 · Suntrust Bank NA
—
—
Pastille Group LLC
—
Loan Modification
related
$124,774 · Suntrust Bk
—
—
Tyler Drew INC
—
Deed Of Trust
related
$50,000 · Patriot Bank NA
—
—
Tyler Drew INC
—
Deed Of Trust
related
$180,000 · Patriot Bank NA
—
—
Tyler Drew INC
—
Deed Of Trust
related
$26,000 · Bank Of Bartlett
—
—
Tyler Drew INC
—
Deed Of Trust
related
$30,000 · Bank Of Bartlett
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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