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    7900 Ikea Way Memphis, TN

    For Sale
    Contact for pricing

    Development land with excellent visibility and access near retailers.

    Lot size:
    5.00 Acres

    Property Features for 7900 Ikea Way

    General Information

    Lot size
    5.00 Acres

    Source: CBRE | Akron Agent Thomas Flynn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cordova/Wolfchase Development Opportunity

    This property presents an excellent development opportunity in the Cordova–Wolfchase area. The site benefits from the proximity of numerous national retailers, restaurants, and hotels. It features excellent visibility from I-40. Access to the site is available along IKEA Way, with a signalized intersection at N Germantown Parkway. N Germantown Parkway is a highly trafficked north-south thoroughfare connecting Cordova and Wolfchase. Furthermore, a 170-acre residential development is planned at Colonial Country Club, located just minutes from the site.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9377309
    Latitude
    35.0035156

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    FAQs

    What type of property is this?
    Land - Development land with excellent visibility and access near retailers.
    Where is this land located?
    The property is located at 7900 Ikea Way Memphis, TN.
    What are key features of this property?
    This property features: - Excellent visibility from I-40; - Access via signalized intersection at N Germantown Pkwy and IKEA Way; - High traffic location on N Germantown Pkwy
    (330) 670-4409
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    7900 Ikea Way Memphis, TN
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