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Property profile & analytics
OFF-MARKET
Land

1599 Appling Care Ln Cordova, TN 38016

2.11 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.11-acre commercial land parcel in Cordova, Tennessee, presents a compelling investment opportunity. Located at 1599 Appling Care Lane, zip code 38016, this property boasts a highly desirable location, situated just one mile south of the I-40 and Appling Road intersection. The asking price is $345,000. The lot is currently vacant and features existing side roads, making it readily accessible for development. Its strategic position is further enhanced by its proximity to a thriving medical and assisted living community. In fact, a new 144-unit assisted living facility is directly across Appling Road. The property's previous planning included a cottage-style assisted living development, suggesting a natural fit for similar projects. Given the surrounding infrastructure and existing demand for senior care facilities, this land offers significant potential for developers seeking to capitalize on the area's growth. The site is also near single-family homes, multifamily residences, and retail establishments, indicating a diverse and established neighborhood. This prime location and attractive price point make this a rare opportunity for investors and developers alike. The property offers excellent Appling Road frontage and is ideally suited for assisted living or medical development.

Property profile
Verified
Property type Land
Lot 2.11 ac (91,912 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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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