Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,400,000
Office buildings
7000 Goodlett Farms Pkwy Cordova, TN 38016-4916
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-3371548
Property summary
AI-generated overview
This exceptional five-story Class A office building, located at 7000 Goodlett Farms Pkwy in Cordova, Tennessee, 38016, offers a unique opportunity for businesses seeking premium workspace. Situated on over eight acres of wooded land, the property provides a tranquil and productive environment. The building totals 131,556 square feet and features a total of five suites. Flexible space options are available, with a minimum divisible space of 6,593 square feet and a maximum contiguous space of 25,447 square feet. Currently, 69,984 square feet is available for lease. Built in 1997, this impressive structure boasts a sophisticated design and high-quality finishes, reflecting its Executive and Creative Office subtypes. Its convenient location in Shelby County provides easy access to major transportation routes and amenities. The property's ample lot size and serene setting offer a distinct advantage over traditional office spaces. This is an ideal location for businesses seeking a prestigious and functional office environment. Contact us today to learn more about leasing opportunities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1997
Total area
131,556 SF
Lot
8.47 ac (368,953 SF)
Zoning code
EMP
APN
D02-07 - - -00299
UPID
US80-3371548
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Money Network/Metabank Bank Loan Service
-
Aerotek Employment Agency
-
Aston Carter Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.55M
Blend (final)
Blend
$9.40M
Owner & transaction history
7000 Goodlett Farms Parkway Ll · 7 yrs held
7000 Goodlett Farms Parkway Ll
since 2018
7 recorded transactions
Zoning & alternative use
EMP · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cordova submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cordova submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,035,000
Current use
AUTO REPAIR, GARAGE
$13,160,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$9.40M
Range $8.46M – $10.34M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$71 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$79,836
Tax year 2022
Assessed value
$2,355,040
Assessed 2023
Previous assessed
$2,355,040
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$542,480
Assessed improvement
$1,812,560
Land market value
$1,356,200
Improvement market value
$4,531,400
Total market value
$5,887,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
131,556 SF
Lot
8.47 ac (368,953 SF)
Zoning code
EMP
APN
D02-07 - - -00299
UPID
US80-3371548
Jurisdiction
SHELBY
Zoning & alternative use
EMP · Cordova, TN
Zoning EMP · permitted uses
EMP · Cordova, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cordova. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$15.0M
AUTO REPAIR, GARAGE
Est. value
$13.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
8.47 ac
Current owner
From public records · entity-resolved
7000 Goodlett Farms Parkway Ll
Individual
Mailing address
95 FROEHLICH FARM BLVD, WOODBURY, NY 11797-2930
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2018
$5,062,500
7000 Goodlett Farms Parkway Ll
Hart Cordova LLC
Grant Deed
—
Jun 2, 2016
—
Hart Cordova LLC
—
Deed
related
$12,373,520 · Health Asset Realty LP
May 10, 2016
—
Hart Cordova LLC
—
Deed
related
$12,373,520 · Health Asset Realty LP
May 11, 2006
$19,300,000
Hart Cordova LLC
Gbs Gp
Deed Of Trust
related
$14,475,000 · Pnc Bank
Jun 2, 2005
$750,000
Rg Dev LLC
Wll
Warranty Deed
$1,850,000 · First Tennessee Bank National
—
—
Hart Cordova LLC
—
Loan Modification
related
$12,373,520 · Health Asset Realty LP
—
—
Hart Cordova LLC
—
Deed Of Trust
related
$12,373,520 · Health Asset Realty LP
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7000 Goodlett Farms Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
