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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Strip malls
9309 Poplar Ave Germantown, TN 38138-7932
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1987716
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
14,500 SF
Lot
2.56 ac (111,514 SF)
Zoning code
C-2
APN
G02-32 - - -00427
UPID
US80-1987716
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
-
Lane Music (Germantown) (Bike/Boat/Book/etc) Store
-
Subway Take-out & Catering
-
School of Rock Tutoring Service
-
SEILER (Bike/Boat/Book/etc) Store
-
Village Commons of Johnson Road Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$563k
Blend (final)
Blend
$685k
Owner & transaction history
Brian S Lane · 3 yrs held
Brian S Lane
since 2022
7 recorded transactions
Zoning & alternative use
C-2 · Germantown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rict (R low density) Residential district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (SC-1) Office district (O) Office district (O-51) Office district (O-C office campus) Office district (O-T off…
Zone name
Commercial District
General category
COMMERCIAL
Zone area
97.38 ac
Source
code of ordinances
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 Germantown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Germantown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,065,000
Current use
COMMERCIAL (GENERAL)
$875,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10%
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
$47 / 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
$52,336
Tax year 2023
Assessed value
$1,001,040
Assessed 2024
Previous assessed
$1,001,040
+0.0% YoY
Effective rate
5.23%
On assessed value
Assessed land
$649,320
Assessed improvement
$351,720
Land market value
$1,623,300
Improvement market value
$879,300
Total market value
$2,502,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
14,500 SF
Lot
2.56 ac (111,514 SF)
Zoning code
C-2
APN
G02-32 - - -00427
UPID
US80-1987716
Jurisdiction
SHELBY
Zoning & alternative use
C-2 · Germantown, TNZoning C-2 · permitted uses
C-2 · Germantown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rict (R low density) Residential district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (SC-1) Office district (O) Office district (O-51) Office district (O-C office campus) Office district (O-T office technology) Old Germantown district (OG) Old Germantown district (OG-1) Smart g
Zone name
Commercial District
General category
COMMERCIAL
Zone area
97.38 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.56 ac
Current owner
From public records · entity-resolved
Brian S Lane
Individual
Mailing address
9309 POPLAR AVE, GERMANTOWN, TN 38138-7932
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
—
Brian S Lane
—
Deed
related
$1,485,000 · Planters Bank & Trust Co
Feb 13, 2018
—
Lane Music INC
—
Deed
related
$995,000 · First Cap Bk
Mar 3, 2017
—
Brian S Lane
—
Deed
related
$750,000 · First Cap Bk
Feb 7, 2017
—
Brian S Lane
—
Deed
related
$750,000 · First Alliance Bk
Dec 29, 2016
—
Brian S Lane
—
Deed
related
$750,000 · First Alliance Bk
Sep 10, 2012
—
Lane,scott & Churirat
—
Trustees Deed
related
$500,000 · First Alliance Bk
—
—
Lane,brian S & Churirat T
—
Loan Modification
related
$750,000 · First Alliance Bk
—
—
Scott Lane
—
Deed Of Trust
related
$750,000 · First Alliance Bank Fsb
—
—
Scott Lane
—
Deed Of Trust
related
$750,000 · First Alliance Bank Fsb
—
—
Brian S Lane
—
Deed Of Trust
related
$750,000 · First Cap Bk
—
—
Brian S Lane
—
Loan Modification
related
$750,000 · First Alliance Bk
—
—
Brian S Lane
—
Loan Modification
related
$750,000 · First Alliance Bk
—
—
Brian S Lane
—
Deed Of Trust
related
$687,057 · First Cap Bk
—
—
Lane Music INC
—
Loan Modification
related
$995,000 · First Cap Bk
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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