Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Golf Course Lots in Cordova Title is generated by Realmo AI

    8599 GEIBERGER Dr lot 8, Cordova, TN 38016

    View on Map
    Claim this Listing
    For Sale
    $145,000

    LAND - Cordova, TN

    Added:
    Jun 8, 2025
    Days on Market:
    356
    Last Refresh:
    May 29 at 10:06 pm

    Property Features for 8599 GEIBERGER Dr lot 8

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active

    We can help!

    Listing Contact
    Anna Thomas

    Listing agent Anna Thomas

    Listing office Keller Williams 9087 Poplar Avenue #101, Memphis, TN

    Listing date Jun 8, 2025

    MLS# 10198613 Listing URL

    Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare opportunity: One of the few golf course lots available in Memphis.
    • Located in a new, gated community on the famous Colonial Country Club.
    • Lots directly back up to #1 fairway.
    • Serene views of rolling fairways and impeccably maintained greens.
    • Ideal setting to build a custom dream home.
    • Colonial Country Club hosted over 30 PGA events and crowned famous golfers.

    Overview

    Two golf course lots are available in a new gated community on Colonial Country Club in Cordova, Tennessee. The 18-hole championship course has hosted more than 30 PGA events. The lots directly back up to #1 fairway. These lots are an ideal setting to build a dream home. The property is located at 8599 GEIBERGER Dr lot: 8, Cordova, TN 38016.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.776144
    Latitude
    35.196626

    Nearby Similar for Sale

    • $790,000
      6,000 SF

      Cordova Office Building Investment Opportunity

      6,000 SF Memphis area building for office or investment.
      779 Walnut Knoll Lane, Cordova, TN 38018
      View Details
    • $350,000

      Cordova Land For Sale

      4+ acre cleared industrial land in Cordova, Tennessee.
      9051 MACON Rd, Cordova, TN 38016
      View Details
    • $700,000

      Retail Property Near Kroger

      Retail property for sale in prime location near Kroger.
      8079 Trinity Road, Cordova, TN 38018
      View Details
    • Contact for pricing
      4,066 SF

      Cordova Office Suites For Sale

      Office suites available in Cordova near Germantown Parkway Corridor.
      1600 Bonnie Ln, Cordova, TN 38016
      View Details
    • Contact for pricing
      2,100 SF

      Medical Office Suite in Cordova

      Turnkey medical office suite available in the N Germantown Parkway.
      315 South Walnut Bend Road, Cordova, TN 38018
      View Details
    • Contact for pricing
      26,336 SF

      Newly Renovated Medical Suites Available

      Newly renovated medical suites ranging from 2,214 to 6,707 SF.
      8066 Walnut Run Road, Cordova, TN 38018
      View Details
    • Contact for pricing
      233,981 SF

      Power Center in Wolfchase Area

      233,981 SF retail center in Memphis' premier shopping area.
      2201 N Germantown Pkwy, Cordova, TN 38016
      View Details
    • Contact for pricing
      21,204 SF

      Germantown Parkway Boutique Office Building

      Boutique office building near Shelby Farms Park.
      7990 Trinity Road, Cordova, TN 38016
      View Details
    • Contact for pricing
      47,939 SF

      Walmart Shadow Shopping Center

      47,939 SF shopping center at Germantown Parkway and Trinity Road.
      7990 Trinity Road, Cordova, TN 38018
      View Details
    • Contact for pricing

      Mixed-Use Center in Strong Corridor

      Established mixed-use center with upside in a prime location.
      7990 Trinity Road, Cordova, TN 38018
      View Details
    • $4,600,391
      3,605 SF

      Cordova Car Wash For Sale

      Whistle Express car wash on 1.69 acres in Cordova.
      10003 Macon Rd, Cordova, TN 38016
      View Details
    • $1,350,000
      3,624 SF

      Cordova Office Building For Sale

      3,624 SF office building available in Cordova, Tennessee.
      8556 Macon Rd, Cordova, TN
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two golf course lots in a gated community in Cordova.
    Where is this residential land & home lot located?
    The property is located at 8599 GEIBERGER Dr lot 8 Cordova, TN.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Rare opportunity: One of the few golf course lots available in Memphis.; Located in a new, gated community on the famous Colonial Country Club.; Lots directly back up to #1 fairway.
    (901) 351-9482
    We can help!
    Listing Contact
    Anna Thomas
    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

    Thank You for Inquiry
    8599 GEIBERGER Dr lot: 8, Cordova, TN 38016
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!