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    Cordova Vacant Land Opportunity Title is generated by Realmo AI

    0 Rocky Point Rd, Cordova, TN 38018

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    For Sale
    $559,900

    Vacant Land - Cordova, TN

    Lot size:
    36.74 Acres
    Added:
    May 29, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 2 at 1:06 am

    Property Features for 0 Rocky Point Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    D0-215-0-0806
    Lot size
    36.74 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bill Patton
    Bill Patton

    Listing agent Bill Patton

    Listing office National Land Realty, Memphis, TN 2298 Young Avenue, Memphis, TN

    Listing date May 29, 2026

    MLS# 11797901 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large Acreage: 36.74± acres of undisturbed woodland offers significant space and privacy.
    • Prime Location: Situated on the coveted Rocky Point Road corridor in Cordova, close to East Memphis and Germantown amenities.
    • Development Potential: Represents a compelling residential development opportunity for custom‑home lots.
    • Untouched Natural State: Pristine, undisturbed woodland with mature hardwoods and native understory.
    • Privacy and Seclusion: Offers a level of privacy and prestige that neighborhood lots cannot replicate.
    • Estate Potential: Ideal for a grand estate with possibilities for a private drive, pond, equestrian facilities, and more.

    Overview

    This 36.74± acre tract of pristine, undisturbed woodland is located along Rocky Point Road in Cordova. The property is completely untouched and in its original natural state, featuring mature hardwoods and native understory. The land offers seclusion and natural beauty near the amenities of East Memphis and Germantown. The property is suited for a private estate with a long, winding private drive, a grand manor house, a private pond or lake, equestrian facilities, guest quarters, a pool pavilion, and manicured grounds. The property's size affords a level of privacy and prestige. The scale and location of this parcel also represent a residential development opportunity. A thoughtfully planned community of custom-home lots, preserving the area's characteristic wooded character, would be a natural fit for this market and a natural complement to the neighborhood's established legacy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.753448
    Latitude
    35.132344

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    FAQs

    What type of property is this?
    Residential land & home lot - Pristine 36.74 acre wooded parcel in Cordova, Tennessee.
    Where is this residential land & home lot located?
    The property is located at 0 Rocky Point Rd Cordova, TN.
    What is the asking price?
    The asking price for this property is $559,900.
    What are key features of this property?
    This property features: Large Acreage: 36.74± acres of undisturbed woodland offers significant space and privacy.; Prime Location: Situated on the coveted Rocky Point Road corridor in Cordova, close to East Memphis and Germantown amenities.; Development Potential: Represents a compelling residential development opportunity for custom‑home lots.
    (901) 481-5938
    We can help!
    Listing Contact
    Bill Patton
    Bill Patton
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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