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

    1570 Bonnie Ln Cordova, TN 38016-1562

    • Warehouses
    • 2,000 SF
    • 4.99 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0066141
    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

    • Securlock Storage at Cordova / Storage Facility

    Property Details for 1570 Bonnie Ln

    Year built
    1997
    Lot size
    4.99 lot acres
    Property size
    2,000 SF
    Zone code
    RU-3
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    096-500- - -00550
    APU
    9650000550

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7909
    Latitude
    35.1676
    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
    $67,919
    $235,840
    $879,120
    $1,114,960
    -
    $589,600
    $2,197,800
    $2,787,400

    Comparable in this City

    • Value Estimation by Request
      1,840 SF

      8000 Autumn Crk Dr

      MINI-WAREHOUSE, STORAGE • 1,840 SF
      8000 Autumn Crk Dr, Cordova, TN 38016-5949
      View Details
    • Value Estimation
      $7,270,000
      113,379 SF

      Germantown Pkwy

      MINI-WAREHOUSE, STORAGE • 113,379 SF
      Germantown Pkwy, Memphis, TN 38016
      View Details
    • Value Estimation by Request
      2,258 SF

      9275 Macon Rd

      MINI-WAREHOUSE, STORAGE • 2,258 SF
      9275 Macon Rd, Cordova, TN 38016-6547
      View Details
    • Value Estimation
      $1,665,000
      43,500 SF

      9113 Macon Rd

      MINI-WAREHOUSE, STORAGE • 43,500 SF
      9113 Macon Rd, Cordova, TN 38016-6113
      View Details
    • Value Estimation
      $2,260,000
      83,179 SF

      1546 Germantown Pkwy

      MINI-WAREHOUSE, STORAGE • 83,179 SF
      1546 Germantown Pkwy, Cordova, TN 38016-5964
      View Details
    • Value Estimation
      $1,665,000
      22,948 SF

      8953 Fletcher Trce Pkwy

      MINI-WAREHOUSE, STORAGE • 22,948 SF
      8953 Fletcher Trce Pkwy, Cordova, TN 38016-2619
      View Details

    Similar Nearby for Sale

    • $375,000

      Germantown Square Outparcel

      1.26-Acre Restaurant/QSR Lot
      1245 Germantown Pkwy, Memphis, TN 38016
      View Details
    • $4,700,000
      28,500 SF

      Cordova Office Building Opportunity

      28,500 SF office building in Cordova, Tennessee for sale.
      7345 Goodlett Farms Pkwy, Cordova, TN 38016
      View Details
    • $795,000
      5,129 SF

      Renovated Turn-Key Office Building

      Stand-alone, renovated office building with ample parking in Memphis.
      1695 Bonnie Ln, Cordova, TN 38016
      View Details
    • $165,000
      4.03 Acres

      Cordova Land Parcel For Sale

      4-acre parcel near shops and restaurants, ready for building.
      Macon Rd, Cordova, TN 38016
      View Details
    • $150,000

      Golf Course Lots in Cordova

      Two golf course lots available in gated Cordova community.
      8607 Geiberger, Cordova, TN 38016
      View Details
    • $795,000
      5,129 SF

      Prime Memphis Office Building

      5,129 SF Office, Retail Space
      1695 Bonnie Ln, Memphis, TN 38016
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      47,999 SF

      Macon Road Warehouse Space Available

      Cordova Industrial Warehouse - Multiple Suites
      9373 Macon Rd, Cordova, TN 38016
      View Details
    • Contact for pricing
      50,504 SF

      Cordova Flex Building For Lease

      50,574 SF flex building in Goodlett Farms Business Park.
      7275 Goodlett Farms Pkwy, Cordova, TN 38016
      View Details
    • Contact for pricing
      2,400 SF

      Cordova Industrial Spaces For Lease

      Multi-tenant industrial building in Cordova's Industrial District.
      9365-9373 Macon Rd, Cordova, TN 38016
      View Details
    • $17 SF/Yr
      44,902 SF

      Cordova Office & Flex Space

      Office and flex space available for sublease in Cordova, TN.
      1900 Charles Bryan Rd, Cordova, TN 38016
      View Details
    • Contact for pricing
      25,900 SF

      Briarwood Collection: Retail Space Available

      Prime Shelby County Retail Center, High Traffic Location
      1890 Germantown Pkwy, Memphis, TN 38016
      View Details
    • Contact for pricing
      101,910 SF

      Market at Cordova Retail Center

      Cordova, TN Retail Space Available
      1770-8110 Germantown Pkwy, Memphis, TN 38016
      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.
    1570 Bonnie Ln
    Cordova, TN 38016-1562
    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.