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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Office buildings
890 Houston Levee Rd, Cordova, TN 38018-6614
Entity Owned
1-yr Hold
Property ID
US80-3035896
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
FRAME
Total area
7,266 SF
Lot
5.43 ac (236,487 SF)
Zoning code
CA
APN
D02-15 - - -00475
UPID
US80-3035896
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
-
Fairhaven Residential Treatment Center Eating Disorder Treatment Center
-
MSEDA Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
Cordova Ed Realty LLC · 1 yrs held
Cordova Ed Realty LLC
since 2024
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
CA · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+187.8%
Neighborhood: shopping center
$1.2M
+48.0%
Medical building
$1.1M
+34.9%
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
$1,440,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
$1,270,000
6.5%
$1,170,000
7%
$1,090,000
Alternative Use
Use
Estimation
RESTAURANT
$2,295,000
Change: +188% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,180,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$1,075,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10% · vs last sale $1.44M (Sep 11 2024)
Last sale anchor
$1.44M
Sep 11 2024
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
$198 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,760
Tax year 2023
Assessed value
$258,400
Assessed 2024
Previous assessed
$258,400
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$68,520
Assessed improvement
$189,880
Land market value
$171,300
Improvement market value
$474,700
Total market value
$646,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
16
Bathrooms
7
Total area
7,266 SF
Lot
5.43 ac (236,487 SF)
Zoning code
CA
APN
D02-15 - - -00475
UPID
US80-3035896
Jurisdiction
SHELBY
Zoning & alternative use
CA · Cordova, TN
Zoning CA · permitted uses
CA · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
16
Bathrooms
7
Lot
5.43 ac
Current owner
From public records · entity-resolved
Cordova Ed Realty LLC
Entity
Mailing address
32 CROSS ST N STE #203, LAKEWOOD, NJ 08701-5572
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
$1,440,000
Cordova Ed Realty LLC
Fairhaven Real Estate LLC
Special Warranty Deed
—
Jun 11, 2018
—
Fairhaven Real Estate LLC
Mccann,thomas S & Teri H
Quit Claim Deed
related
—
Jun 11, 2018
$1,933,000
Fairhaven Real Estate LLC
Mccann Holdings LLC
Warranty Deed
—
Sep 8, 2015
—
Mccann Holdings LLC
Mccann,thomas S & Teri H
Quit Claim Deed
related
—
Nov 18, 2013
$372,750
Thomas S Mccann
Bank Of New York Me 2005-j9
Grant Deed
$279,562 · Supreme Lending
May 17, 2013
$557,041
Bank Of New York Mellon 2005-j9 Tr
Recontrust Co
Trustees Deed
related
—
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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