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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Strip malls
981 Germantown Pkwy Memphis, TN 38120
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0444771
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Total area
15,500 SF
Lot
1.16 ac (50,704 SF)
Zoning code
RU-2
APN
091-007- - -00025
UPID
US80-0444771
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.40M
Owner & transaction history
Demetra Q Dowdle · 5 yrs held
Demetra Q Dowdle
since 2021
7 recorded transactions
Zoning & alternative use
RU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+94.9%
Auto repair, garage
$1.5M
+32.1%
Apartment house (5+ units)
$1.4M
+21.2%
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 Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis 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
$1,140,000
Current use
MEDICAL BUILDING
$2,215,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,505,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,380,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$1,285,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$935,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±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
$90 / 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
$32,576
Tax year 2022
Assessed value
$534,760
Assessed 2023
Previous assessed
$534,760
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$231,960
Assessed improvement
$302,800
Land market value
$579,900
Improvement market value
$757,000
Total market value
$1,336,900
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
1995
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
15,500 SF
Lot
1.16 ac (50,704 SF)
Zoning code
RU-2
APN
091-007- - -00025
UPID
US80-0444771
Jurisdiction
SHELBY
Zoning & alternative use
RU-2 · Memphis, TN
Zoning RU-2 · permitted uses
RU-2 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$935,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Demetra Q Dowdle
Individual
Mailing address
3182 WETHERBY DR, GERMANTOWN, TN 38139-8071
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2021
—
Demetra Q Dowdle
Demetra Q Dowdle
Intrafamily Transfer
related
—
Jul 21, 2020
—
Wayne C Dowdle
Wayne C Dowdle
Quit Claim Deed
related
—
Oct 18, 2012
—
William A Dowdle
—
Trustees Deed
related
$500,000 · Renasant Bank
Oct 5, 2006
—
Dowdle Sports INC
—
Trustees Deed
related
$250,000 · Regions Bank
—
—
Dowdle Brothers LLC
—
Deed Of Trust
related
$327,264 · Renasant Bk
—
—
William A Dowdle
—
Deed Of Trust
related
$327,264 · Renasant Bk
—
—
William A Dowdle
—
Deed Of Trust
related
$350,000 · Regions Bank
—
—
William A Dowdle
—
Deed Of Trust
related
$250,000 · 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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