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

    SWC Walnut Grove Rd & Houston Levee Rd Cordova, TN 38018

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New development with retail and residential opportunities in Cordova, Tennessee.

    Added:
    Nov 25, 2025
    Days on Market:
    127
    Last Refresh:
    Mar 30 at 1:00 am

    Property Features for SWC Walnut Grove Rd & Houston Levee Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Shawn Massey, CCIM, CRRP, ALC

    Listing agent Shawn Massey, CCIM, CRRP, ALC

    Listing office

    Listing date Nov 25, 2025

    Source Tscg

    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 Shawn Massey, CCIM, CRRP, ALC

    Overview

    Cordova Development Opportunity For Sale

    This new development is located on the southwest corner of Walnut Grove Road and Houston Levee Road in Cordova, Tennessee. The proposed development offers retail parcels for sale or lease. Two retail buildings are currently under construction with space available for lease. Residential properties are planned, including an assisted living facility of approximately 75,000 square feet, apartments with approximately 232 units, and townhouses with approximately 130 units. The location is approximately 6 minutes from Germantown Parkway and 13 minutes from the eastern loop of I-269. Traffic counts are 16,698 AADT on Walnut Grove Road and 17,432 AADT on Houston Levee Road.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Map

    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7651
    Latitude
    35.1578

    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
    • $790,000
      6,000 SF

      Cordova Office Building For Sale

      6,000 SF office building in Memphis area for sale.
      779 Walnut Knoll Lane, Cordova, TN 38018
      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
    • $700,000
      868 SF

      Retail Property Near Germantown Parkway

      Retail space for sale in prime location near Kroger.
      8079 Trinity 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
      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
      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

      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
    • 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

    FAQs

    What type of property is this?
    Shopping center - New development with retail and residential opportunities in Cordova, Tennessee.
    Where is this shopping center located?
    The property is located at SWC Walnut Grove Rd & Houston Levee Rd Cordova, TN.
    What are key features of this property?
    This property features: New development in Cordova, Tennessee, at Walnut Grove and Houston Levee Road.; Retail parcels are available For Sale or Lease.; Two retail buildings under construction with space available For Lease.
    (901) 334-5702
    We can help!
    Listing Contact
    Shawn Massey, CCIM, CRRP, ALC
    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!