28,500 SF Office
For Sale
Contact for pricing
7345 Goodlett Farms Pkwy, Cordova, TN 38016
Vacant 28,500 SF office building in a Class B area of Cordova, TN.
Property Size28,500 SF
Price / SF$164.91
Days on Market317
Property Features for 7345 Goodlett Farms Pkwy
General Information
Standard status
Active
Size
28,500 SF
Property subtype
OFFICE
Building Details
Building Size
28,500 SF
Listing Agency:
Braden, Braden & Braden LLC
(901) 301-3691
Listed By:
Curtis Braden · License #TN-284224
(901) 301-3691
Source:
Moodyscre
Added: Sep 19, 2025
Changed: Jul 31
Last Checked: Jul 31 at 7:04AM
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 Braden, Braden & Braden LLC
Investment Insights
Based on property information with market context.
7345 Goodlett Farms is a vacant 28,500 SF office building offered for sale. The property is presented as state-of-the-art office space equipped with modern amenities.
The building is described as being ideally situated in a Class B area of Cordova, TN. The offering highlights value-add potential and the ability to attract a diverse range of tenants seeking quality office space.
This is a straightforward opportunity for an owner or investor looking for an office building with meaningful size and modern amenity positioning in Cordova.
The building is described as being ideally situated in a Class B area of Cordova, TN. The offering highlights value-add potential and the ability to attract a diverse range of tenants seeking quality office space.
This is a straightforward opportunity for an owner or investor looking for an office building with meaningful size and modern amenity positioning in Cordova.
Key Highlights
- Vacant 28,500 SF office building
- 28,500 square feet of office space
- State‑of‑the‑art office building with modern amenities
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $478.8k | $16.80 |
| − Vacancy | −$105.3k | −$3.70 |
| EGI | $373.5k | $13.10 |
| − OpEx | −$93.4k | −$3.28 |
| NOI | $280.1k | $9.83 |
28,500 SF · lease $16.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.00M
$3.50M – $4.67M
NOI $280,098 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.77M
$5.05M – $6.73M
NOI $403,834 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 38016, TN
48,322
Population
20,218
Households
2.4
Avg Household Size
37
Median Age
41%
College-Educated
96%
High-School Grad
18.1 sq mi
ZIP Area
2,670
Density / Sq Mi
$75,719
Median Household Income
$44,713
Median Earnings
$1,407
Median Rent
$261,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Vacant 28,500 SF office building in a Class B area of Cordova, TN.
Where is this office building located?
The property is located at 7345 Goodlett Farms Pkwy Cordova, TN.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Vacant 28,500 SF office building; 28,500 square feet of office space; State‑of‑the‑art office building with modern amenities
