Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    990 N Germantown Pkwy Ste 102 Cordova, TN 38018

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,880 /Mo

    Spacious retail space available September 1, 2024, near Germantown Parkway.

    Property size:
    4,480 SF
    Added:
    Aug 7, 2024
    Days on Market:
    630
    Last Refresh:
    Jan 14 at 6:21 am

    Property Features for 990 N Germantown Pkwy Ste 102

    General Information

    Standard status
    Active
    Size
    4,480 SF

    We can help!

    Listing Contact
    Jo Mathes

    Listing agent Jo Mathes

    Listing office pinnacle realty

    Listing date Aug 7, 2024

    Source Exprealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of pinnacle realty

    Overview

    Prime Commercial Location Available Soon

    This commercial location, available September 1, 2024, offers a spacious 4,480 sq. ft. double suite. Situated off North Germantown Parkway and Macon Road, the property is positioned between Whataburger and Starbucks. The lease is NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AAA Memphis Travel Agency Green Bamboo Noodle ... Restaurant Faith Automotive Services ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7946
    Latitude
    35.1522

    Nearby Similar for Lease

    • $41 SF/Yr

      Restaurant Space For Lease

      Restaurant space available for lease in prime location.
      8079 Trinity Road, Cordova, TN 38018
      View Details
    • $16 SF/Yr

      Retail Space on Germantown Parkway

      Retail suites available in high-traffic Cordova shopping complex.
      1250 N Germantown Parkway, Cordova, TN 38016
      View Details
    • $28 SF/Yr

      Restaurant Space For Lease

      2,996 SF restaurant space available on Germantown Parkway.
      420 S Germantown Rd, Cordova, TN 38018
      View Details
    • Contact for pricing

      Cordova Retail Space For Rent

      Retail space available in Cordova, Tennessee anchored by Ace Hardware.
      1740 N Germantown Parkway, Cordova, TN 38016
      View Details
    • Contact for pricing

      Shopping centers

      8014 Club Center Drive, Cordova, TN 38016
      View Details
    • Contact for pricing

      Cordova Flex Space Available

      Flex space available for lease in Cordova, Tennessee.
      7730-7760 Trinity Rd, Cordova, Tennessee 38018
      View Details
    • Contact for pricing

      Retail Space Near Germantown Parkway

      Retail spaces available near Kroger, Malco Theatres, and YMCA.
      8014 Club Center Dr/1425 N Germantown Pkwy, Cordova, TN
      View Details
    • $10 SF/Yr

      Cordova Retail Space Available

      Former furniture store with retail space for rent.
      2075 N Germantown Pkwy, Cordova, TN
      View Details
    • Contact for pricing

      Cordova Industrial Space For Lease

      4,000± SF industrial space in Cordova, Tennessee available for lease.
      1280 Rebel Rd, Cordova, TN
      View Details
    • $17 SF/Yr

      Cordova Office & Flex Space

      Office and flex space available for sublease in Cordova, TN.
      1900 Charles Bryan Rd, Cordova, TN
      View Details
    • Contact for pricing

      Retail Space on Germantown Parkway

      12,700 SF retail space available on busy Germantown Parkway.
      1890 N Germantown Pkwy, Cordova, TN
      View Details
    • Contact for pricing

      Medical Office Space Available

      First floor medical office space with waiting room.
      8134 Country Village Dr, Cordova, TN
      View Details

    FAQs

    What type of property is this?
    Retail space - Spacious retail space available September 1, 2024, near Germantown Parkway.
    Where is this retail space located?
    The property is located at 990 N Germantown Pkwy Ste 102 Cordova, TN.
    What is the lease rate?
    The lease rate is $5,880 /Mo.
    What are key features of this property?
    This property features: Prime commercial location off North Germantown Parkway and Macon Road; Spacious 4,480 sq. ft. double suite; Available September 1, 2024
    (901) 490-0092
    We can help!
    Listing Contact
    Jo Mathes
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!