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Property profile & analytics
OFF-MARKET
Land

7900 Ikea Way Memphis, TN 38016

5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5-acre commercial land parcel presents a remarkable development opportunity in Memphis, Tennessee's thriving Cordova-Wolfchase area. Located at 7900 Ikea Way, this property boasts unparalleled visibility from Interstate 40, ensuring maximum exposure for any future development. Access is conveniently provided via Ikea Way, featuring a signalized intersection at the heavily trafficked North Germantown Parkway, a key north-south thoroughfare connecting Cordova and Wolfchase. The site benefits from its proximity to a multitude of established national retailers, restaurants, and hotels, creating a vibrant and desirable commercial environment. Further enhancing its appeal is the planned 170-acre residential development at the nearby Colonial Country Club, promising increased residential density and consumer traffic in the immediate vicinity. This strategic location, coupled with its significant size and accessibility, makes this 5-acre parcel an ideal investment for developers seeking a high-impact commercial project in a rapidly growing area of Memphis. The property is zoned for commercial use (verification required) and is situated in Shelby County, Tennessee, zip code 38016. This is a rare opportunity to acquire a prime commercial land parcel in a highly sought-after location.

Property profile
Verified
Property type Land
Lot 5 ac (217,800 SF)
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
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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