Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1215 Vermeer Cv Cordova, TN 38018-6579

    • Warehouses
    • 10,968 SF
    • 0.89 lot acres
    OFF-MARKET
    Last Sale
    Jun 06, 2022
    $915,000
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3174771
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1215 Vermeer Cv

    Year built
    2003
    Lot size
    0.89 lot acres
    Property size
    10,968 SF
    Zone code
    IH
    Property type
    Warehouses
    APN
    D02-15 - - -00539
    APU
    D021500539

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $760,000
      ML approach
      $785,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,205,000
      AUTO REPAIR, GARAGE
      $1,095,000
      RETAIL STORES
      $985,000
      APARTMENT HOUSE (5+ UNITS)
      $980,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7479
    Latitude
    35.1584
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,325
    $27,920
    $247,160
    $275,080
    -
    $69,800
    $617,900
    $687,700

    Comparable in this City

    • Value Estimation by Request
      4,080 SF

      9266 Cordova Park Rd

      WAREHOUSE, STORAGE • 4,080 SF
      9266 Cordova Park Rd, Cordova, TN 38018-0321
      View Details
    • Value Estimation
      $585,000
      13,000 SF

      9227 Cordova Park Rd

      WAREHOUSE, STORAGE • 13,000 SF
      9227 Cordova Park Rd, Cordova, TN 38018-0310
      View Details
    • Value Estimation
      $1,090,000
      15,600 SF

      381 Germantown Pkwy

      MINI-WAREHOUSE, STORAGE • 15,600 SF
      381 Germantown Pkwy, Cordova, TN 38018-6207
      View Details
    • Value Estimation by Request
      864 SF

      240 Houston Levee Rd

      MINI-WAREHOUSE, STORAGE • 864 SF
      240 Houston Levee Rd, Cordova, TN 38018-7108
      View Details
    • Value Estimation
      $655,000
      20,000 SF

      1250 Big Orange Rd

      WAREHOUSE, STORAGE • 20,000 SF
      1250 Big Orange Rd, Cordova, TN 38018-6576
      View Details
    • Value Estimation by Request
      13,792 SF

      1245 Big Orange Rd

      WAREHOUSE, STORAGE • 13,792 SF
      1245 Big Orange Rd, Cordova, TN 38018-6571
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Industrial Property in Unicorp/Memphis, TN

      15,600 sq ft building on 2 acres for sale.
      1175 Big Orange Rd, Cordova, TN 38018
      View Details
    • Contact for pricing
      10.10 Acres

      Cordova Station: 10 Acres Commercial Land

      Prime Memphis commercial land, ideal for mixed-use development.
      0 Macon Rd And Cordova Sta Rd, Memphis, 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 Ln, Cordova, TN 38018
      View Details
    • $110,000
      0.48 Acres

      Residential Land in Randle Woods

      Residential land for sale in established Cordova subdivision.
      9208 Beaver Valley Cv, Cordova, TN 38018
      View Details
    • $175,000
      2.00 Acres

      Residential Land in Shelby County

      Vacant lot in a well-maintained subdivision, Shelby County, Tennessee.
      9115 Riveredge Cv, Cordova, TN 38018
      View Details
    • Contact for pricing

      Cordova Office Space for Lease

      Professional office space in Cordova with utilities included.
      299 S Walnut Bend Rd, Memphis, TN 38018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Cordova Industrial Space For Lease

      4,000± SF industrial space in Cordova, Tennessee available for lease.
      1280 Rebel Rd, Cordova, TN 38018
      View Details
    • $8 SF/Yr
      14,700 SF

      Cordova Industrial Warehouse For Rent

      14,700 SF industrial warehouse space available for lease.
      860 Herbert Rd, Cordova, TN 38018
      View Details
    • Contact for pricing
      28,130 SF

      Memphis Retail & Office Space

      Prime Cordova location, two suites available
      8130 Macon Sta At Cordova Sta, Memphis, TN 38018
      View Details
    • $28 SF/Yr
      20,427 SF

      Restaurant Space For Lease

      2,996 SF restaurant space available on Germantown Parkway.
      420 S Germantown Rd, Cordova, TN 38018
      View Details
    • Contact for pricing
      3,737 SF

      Charming Office Space Available

      Unique office space with landscaped entrances and high ceilings.
      8304 Walnut Grove Rd, Cordova, TN 38018
      View Details
    • $18 SF/Yr
      3,200 SF

      Cordova Office Space For Rent

      Remodeled 1,785 SF office space in Cordova, Tennessee.
      1147 Cully Rd, Cordova, TN 38018
      View Details
    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.
    1215 Vermeer Cv
    Cordova, TN 38018-6579
    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.