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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Warehouses
9400 Macon Rd Cordova, TN 38016-6548
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0073994
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Total area
4,293 SF
Lot
5.22 ac (227,340 SF)
Zoning code
IH
APN
D02-15 - - -00280
UPID
US80-0073994
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
-
Mr. Rooter Plumbing of Memphis Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Andrew R Johnson · 4 yrs held
Andrew R Johnson
since 2021
Last sale
$1.3M
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
Method
Estimation
Statistic approach
$1,060,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.30M (Aug 9 2021)
Last sale anchor
$1.30M
Aug 9 2021
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
$276 / 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
$11,112
Tax year 2022
Assessed value
$327,800
Assessed 2023
Previous assessed
$327,800
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$96,840
Assessed improvement
$230,960
Land market value
$242,100
Improvement market value
$577,400
Total market value
$819,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
4,293 SF
Lot
5.22 ac (227,340 SF)
Zoning code
IH
APN
D02-15 - - -00280
UPID
US80-0073994
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
5.22 ac
Current owner
From public records · entity-resolved
Andrew R Johnson
Individual
Mailing address
3024 COUNTRY PL DR E, COLLIERVILLE, TN 38017-8905
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
—
Andrew R Johnson
—
Deed
related
$694,000 · Bank Of Bartlett
Aug 9, 2021
$1,300,000
Andrew R Johnson
Acme Brick Company
Special Warranty Deed
$1,040,000 · Bank Of Bartlett
Jun 2, 2005
$975,000
Acme Brick Co
Edmonds,jerry L & Susan
Warranty Deed
—
Feb 3, 2005
—
Jerry L Edmonds
Edmonds Materials & Equipment
Quit Claim Deed
related
$1,321,360 · Renasant Bank
May 12, 2004
—
Materials Edmonds
—
Trustees Deed
related
$150,000 · Regions Bank
Mar 23, 2004
—
Materials Edmonds
—
Trustees Deed
related
$150,000 · Regions Bank
—
—
Materials Edmonds
—
Deed Of Trust
related
$938,273 · Regions Bank
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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