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Property profile & analytics
OFF-MARKET
Warehouses
9277 Cordova Park Rd Cordova, TN 38018-0310
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US80-0137927
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
8,400 SF
Lot
1.02 ac (44,475 SF)
Zoning code
IH
APN
D02-15X- -B-00001
UPID
US80-0137927
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
-
ContractingPRO Roofing Company General Contractor
-
Mike's Glass Services Kitchen & Bath Showroom Hardware & Home Improvement
-
Bath Planet of Memphis Renovation Specialist General Contractor
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
Teas Investments LLC · 12 yrs held
Teas Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
IH · 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
$8,083
Tax year 2022
Assessed value
$238,440
Assessed 2023
Previous assessed
$238,440
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$32,040
Assessed improvement
$206,400
Land market value
$80,100
Improvement market value
$516,000
Total market value
$596,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
8,400 SF
Lot
1.02 ac (44,475 SF)
Zoning code
IH
APN
D02-15X- -B-00001
UPID
US80-0137927
Jurisdiction
SHELBY
Zoning & alternative use
IH · Cordova, TN
Zoning IH · permitted uses
IH · 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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Teas Investments LLC
Entity
Mailing address
9277 CORDOVA PARK RD, CORDOVA, TN 38018-0310
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2020
—
Teas Investments LLC
—
Deed
related
$353,000 · Bancorpsouth
Jun 4, 2018
—
Teas Investments LLC
—
Deed
related
$60,000 · Bancorpsouth
Jun 19, 2014
$440,000
Teas Investments LLC
Mannafold Properties LLC
Warranty Deed
$352,000 · Bancorp South Bank
Sep 21, 2012
$347,035
Mannafold Properties LLC
Mannafold Group LLC
Grant Deed
related
—
Jun 10, 2010
—
Mannafold Group LLC
Mannafold Properties LLC
Quit Claim Deed
related
—
Jan 12, 2010
$435,000
Mannafold Properties LLC
D & S Rentals LLC
Warranty Deed
—
Nov 12, 2009
$300,000
D & S Rentals LLC
Stone Higgs & Drexler PC
Trustees Deed
—
Mar 6, 2008
—
Mitchell Taylor
—
Trustees Deed
related
$500,000 · Bank Of Bartlett
Jun 17, 2004
$177,940
Mitch Taylor
Cip Ltd
Grant Deed
$307,200 · Michael J Mccarver
—
—
Teas Investments LLC
—
Deed Of Trust
related
$60,000 · Bancorpsouth
—
—
Teas Investments LLC
—
Deed Of Trust
related
$353,000 · Bancorpsouth
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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