Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    150 Timber Crk Dr, Unit 10 Cordova, TN 38018-4236
    Back to Search
    Property profile & analytics

    150 Timber Crk Dr, Unit 10, Cordova, TN 38018-4236

    View on Map
    • Office Spaces
    • 900 SF
    • 0.07 lot acres
    Off-Market
    Property ID
    US80-1149838
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cohen Sheila L PhD / Physician / Medical Clinic
    • Southern Properties / Real Estate Agency
    • i3 Lending Inc. Office of Charles F. Sanders / Loan Service / Bank
    • Behavior Services of the Mid-South / Medical Clinic
    • Dr. Pallavi V. Rawtani, MD / Pediatrician / Physician

    Property Details for 150 Timber Crk Dr

    Year built
    1985
    Lot size
    0.07 lot acres
    Zone code
    OG
    Property type
    Office Spaces
    APN
    091-113- - -00136
    APU
    9111300136

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 27, 2005 $79,500 George K Hawkins Conrad,louberta Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7975
    Latitude
    35.1267
    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
    $2,127
    $6,520
    $28,400
    $34,920
    -
    $16,300
    $71,000
    $87,300

    Comparable in this City

    • Value Estimation by Request

      200 Germantown Pkwy

      Office Spaces
      200 Germantown Pkwy, Memphis, TN 38018
      View Details
    • Value Estimation by Request

      990 Germantown Pkwy

      Retail properties & Spaces
      990 Germantown Pkwy, Memphis, TN 38018
      View Details
    • Value Estimation by Request
      1,046 SF

      820 Herbert Rd Ste, Unit 107

      CONDOMINIUM OFFICES
      820 Herbert Rd Ste, Cordova, TN 38018-2278
      View Details
    • Value Estimation by Request
      1,046 SF

      820 Herbert Rd Ste, Unit 110

      CONDOMINIUM OFFICES
      820 Herbert Rd Ste, Cordova, TN 38018-2278
      View Details
    • Value Estimation by Request
      1,200 SF

      150 Timber Crk Dr Ste, Unit 6

      CONDOMINIUM OFFICES
      150 Timber Crk Dr Ste, Cordova, TN 38018-4236
      View Details
    • Value Estimation by Request
      950 SF

      150 Timber Crk Dr, Unit 15

      CONDOMINIUM OFFICES
      150 Timber Crk Dr, Cordova, TN 38018-4236
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Office Condo For Sale

      Newly renovated medical office condo in thriving Germantown Parkway corridor.
      150 Timber Creek Dr, Cordova, TN 38018
      View Details
    • Contact for pricing
      2,805 SF

      Cordova Office Space For Sale

      Office property with 2,805 square feet of space.
      8534 Macon Rd, Cordova, 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
    • Contact for pricing
      1,500 SF

      Professional Office Suite in Memphis

      1,500 SF office suite with six private offices.
      299 S Walnut Bend Rd, Memphis, TN 38018
      View Details
    • Contact for pricing
      1,000 SF

      Cordova Office Space For Sale

      Office space in Cordova near retailers and dining establishments.
      299 S Walnut Bend Rd, Memphis, TN 38018
      View Details

    Similar Nearby for Lease

    • 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

      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

      Medical Office Space Near Hospitals

      Medical office space in park-like setting near medical corridor.
      8000 Centerview Pkwy, Memphis, 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
    • Contact for pricing
      28,860 SF

      Northeast Memphis Flex Space Available

      Rare vacancy in amenitized Memphis location, available in 2022.
      7730 A Trinity Rd, Memphis, 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
    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.
    150 Timber Crk Dr, Unit 10
    Cordova, TN 38018-4236
    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

    Thank You for Inquiry
    150 Timber Crk Dr, Cordova, TN, 38018
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!