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Property profile & analytics
FOR SALE
Medical Office Space
8066 Walnut Run Rd Cordova, TN 38018
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0169979
For Sale
1 / 24
$2,160,000
8066 Walnut Run Rd, Cordova, TN 38018
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Property summary
AI-generated overview
Cordova Medical Plaza, located at 8066 Walnut Run Rd, Memphis, TN 38018, offers exceptional medical office space for lease. This Class B building, situated in Shelby County, boasts a total of 26,336 square feet and currently has 16,450 square feet of vacant space available for lease. The property is comprised of three total suites, with multiple occupancy options ranging from a minimum of 2,214 square feet to a maximum contiguous space of 6,707 square feet. Ideal for medical practices seeking flexible and modern office space, this newly renovated building provides a comfortable and efficient work environment. The building's prime location in Memphis offers convenient access to major transportation routes and a thriving medical community. The available space presents a unique opportunity for medical professionals to establish or expand their practice in a well-maintained and strategically located facility. Interested parties are encouraged to inquire about lease terms and availability for these versatile and adaptable medical office suites. The property is categorized as a multi-tenant medical office building.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Total area
25,891 SF
Lot
1.48 ac (64,469 SF)
Zoning code
RU-3
APN
091-036- - -00005
UPID
US80-0169979
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
-
LHC Group Home Health Care Service
-
Denika Wilke Counselor
-
Robert Hollabaugh Physician Medical Clinic
-
Mark Anthony Ferrante Physician Medical Clinic
-
Conrad Pearson Clinic: Dr. Patrick Zielie Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.16M
Owner & transaction history
Chase Properties LLC · 10 yrs held
Chase Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
RU-3 · 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
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±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
$83 / 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
$40,290
Tax year 2022
Assessed value
$661,400
Assessed 2023
Previous assessed
$661,400
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$111,720
Assessed improvement
$549,680
Land market value
$279,300
Improvement market value
$1,374,200
Total market value
$1,653,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1991
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
25,891 SF
Lot
1.48 ac (64,469 SF)
Zoning code
RU-3
APN
091-036- - -00005
UPID
US80-0169979
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Cordova, TN
Zoning RU-3 · permitted uses
RU-3 · 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.
Building & site characteristics
From public records
Year built
1991
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Chase Properties LLC
Entity
Mailing address
95 FROEHLICH FARM BLVD, WOODBURY, NY 11797-2930
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Dec 28, 2015
$105,000
Chase Properties LLC
Krispy Kreme Doughnut Corp
Grant Deed
—
Sep 15, 2015
$1,300,000
8066 Walnut Run LLC
Magna Bk
Grant Deed
—
Nov 19, 2014
$1,141,300
Magna Bk
Alrutz Douglas M|wellness Connection LLC
Trustees Deed
—
Oct 20, 2003
—
Cordova Medical Properties LLC
Internal Medicine Assoc Of Cor
Quit Claim Deed
related
$3,005,000 · Bank Of America
Jun 28, 2002
$2,080,000
Internal Medicine Assoc Cordo
Cordova Medical Plaza LP
Grant Deed
related
$2,200,000 · Bancorp South Bank
—
—
Wellness Connection LLC
—
Deed Of Trust
related
$783,000 · Six Bridges Capital Corp
—
—
Cordova Medical Properties LLC
—
Deed Of Trust
related
$350,000 · Bank Of America
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.
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