Add Listing
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

    138 Timber Crk Dr Cordova, TN 38018-4234

    • Office buildings
    • 10,428 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    $1,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3228081
    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

    • Bill Maclin - Private Wealth Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Michael Lowell Turner - Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Brooke Pilant - Associate Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Jimmy Shamoun - Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Julie W Terry - Private Wealth Advisor, Ameriprise Financial Services, LLC / Financial Advisor

    Property Details for 138 Timber Crk Dr

    Year built
    1998
    Lot size
    0.48 lot acres
    Property size
    10,428 SF
    Zone code
    OG
    Property type
    Office buildings
    APN
    091-113- - -00152
    APU
    9111300152

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,820,000
      6.5%
      $1,680,000
      7%
      $1,560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,274,000
      Market price range: $880k - $1.50M
      AI Estimate
      $1,157,000
      Market price range: $570k - $1.36M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,145,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,695,000
      Change: +48% Conversion: Difficult
      MEDICAL BUILDING
      $1,545,000
      Change: +35% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,045,000
      Change: -9% Conversion: Difficult
      RETAIL STORES
      $935,000
      Change: -18% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $930,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7964
    Latitude
    35.1265
    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
    $24,834
    $46,360
    $361,320
    $407,680
    -
    $115,900
    $903,300
    $1,019,200

    Comparable in this City

    • Value Estimation by Request
      2.19 Acres

      595 Sanga Rd

      OFFICE BUILDING • 2.19 Acres
      595 Sanga Rd, Memphis, TN 38018-6941
      View Details
    • Value Estimation by Request
      1,935 SF

      981 Cordova Sta Ave

      OFFICE BUILDING • 1,935 SF
      981 Cordova Sta Ave, Cordova, TN 38018-6361
      View Details
    • Value Estimation by Request
      2,713 SF

      1135 Cully Rd

      OFFICE BUILDING • 2,713 SF
      1135 Cully Rd, Cordova, TN 38018-8503
      View Details
    • Value Estimation by Request
      6,616 SF

      277 German Oak Dr

      OFFICE BUILDING • 6,616 SF
      277 German Oak Dr, Cordova, TN 38018-7221
      View Details
    • Value Estimation by Request
      6,579 SF

      285 German Oak Dr

      OFFICE BUILDING • 6,579 SF
      285 German Oak Dr, Cordova, TN 38018-4245
      View Details
    • Value Estimation
      $765,000
      6,818 SF

      251 Germantown Bnd Cv

      OFFICE BUILDING • 6,818 SF
      251 Germantown Bnd Cv, Cordova, TN 38018-7238
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,720 SF

      Event Center and Entertainment Complex

      Centrally located event center with high parking capacity.
      901 Cordova Station Ave, Memphis, TN 38018
      View Details
    • Contact for pricing

      Newly Renovated Medical Suites Available

      Newly renovated medical suites ranging from 2,214 to 6,707 SF.
      8066 Walnut Run Rd, Cordova, TN 38018
      View Details
    • $450,000
      3,200 SF

      Cordova Office Building For Sale

      3,200 SF office building in Cordova, TN for sale.
      1147 Cully Rd, Memphis, TN 38018
      View Details
    • Contact for pricing
      3,624 SF

      Cordova Office Building For Sale

      3,624 SF office building available in Cordova, Tennessee.
      8556 Macon Rd, Cordova, TN 38018
      View Details
    • Contact for pricing

      Mixed-Use Center in Strong Corridor

      Established mixed-use center with upside in a prime location.
      7990 Trinity Rd, 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 Ln, Cordova, TN 38018
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Space Available

      Prestigious office space near Germantown and East Memphis communities.
      57 Germantown Ct, Memphis, TN 38018
      View Details
    • Contact for pricing

      Renovated Office Space Near Shelby Farms

      Prestigious office space near Germantown and East Memphis communities.
      65 Germantown Ct, Memphis, TN 38018
      View Details
    • Contact for pricing

      Medical Office Space Near Hospitals

      Medical office space in park-like setting near medical corridor.
      8000 Centerview Pkwy, Memphis, TN 38018
      View Details
    • Contact for pricing

      Cordova Office Space Available

      Office space for lease in a convenient Cordova location.
      8620 Trinity Rd, Memphis, TN 38018
      View Details
    • Contact for pricing
      24,325 SF

      Germantown Court Office Space Available

      Renovated office space in Germantown Park, move-in ready.
      65 Germantown Ct, 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, Memphis, 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.
    138 Timber Crk Dr
    Cordova, TN 38018-4234
    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!