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    1725 Appling Rd Cordova, TN 38016

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    1725 Appling Rd Cordova, TN 38016

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    • Day care centers
    • 7,420 SF
    • 1.61 lot acres
    For Sale
    $2,850,000
    View Listing →
    Cordova Wedding & Event Venue For Sale
    $2,850,000
    8,000 SF

    Cordova Wedding & Event Venue

    Turnkey wedding and event center in Cordova, Tennessee for sale.

    1725 Appling Rd, Cordova, TN 38016
    View Listing
    Property ID
    US80-2151053
    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

    • Dominion Living Ministries / Church / Mosque
    • Bombay Ballroom / Hotel & Motel / Resort

    Property Details for 1725 Appling Rd

    Year built
    1998
    Lot size
    1.61 lot acres
    Property size
    7,420 SF
    Zone code
    CMU-2
    Property type
    Day care centers
    APN
    D02-07 - - -00304
    APU
    D020700304

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $594,000
      Market price range: $247k - $594k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $390,000
      Current use
      OFFICE BUILDING
      $850,000
      Change: +118% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $740,000
      Change: +90% Conversion: Difficult
      RETAIL STORES
      $665,000
      Change: +71% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $665,000
      Change: +70% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8153
    Latitude
    35.1727
    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
    $8,814
    $105,000
    $155,000
    $260,000
    -
    $262,500
    $387,500
    $650,000

    Comparable in this City

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      7,495 SF

      1950 Berryhill Rd

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      1950 Berryhill Rd, Cordova, TN 38016-5356
      View Details
    • Value Estimation
      $705,000
      9,270 SF

      7917 Clb Ctr Dr

      DAY CARE, PRE-SCHOOL • 9,270 SF
      7917 Clb Ctr Dr, Cordova, TN 38016-8668
      View Details
    • Value Estimation by Request
      1,350 SF

      10483 Macon Rd

      DAY CARE, PRE-SCHOOL • 1,350 SF
      10483 Macon Rd, Cordova, TN 38016-6641
      View Details
    • Value Estimation
      $1,105,000
      15,267 SF

      8150 Country Vlg Dr

      DAY CARE, PRE-SCHOOL • 15,267 SF
      8150 Country Vlg Dr, Cordova, TN 38016-2029
      View Details
    • Value Estimation by Request
      4,628 SF

      1565 Germantown Pkwy

      Automotive properties • 4,628 SF
      1565 Germantown Pkwy, Memphis, TN 38016
      View Details
    • Value Estimation
      $600,000
      11,168 SF

      9603 Us Hwy 64

      VETERINARY, ANIMAL HOSPITAL • 11,168 SF
      9603 Us Hwy 64, Cordova, TN 38016
      View Details

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      60,743 SF

      Memphis Single-Tenant Investment Opportunity

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      Former College Building on 39 Acres

      Two-story, 134,000 SF former college building on 39 acres.
      2095 Appling Rd, Cordova, TN 38016
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      8,000 SF

      Cordova Wedding & Event Venue

      Turnkey wedding and event center in Cordova, Tennessee for sale.
      1725 Appling Rd, Cordova, TN 38016
      View Details
    • Contact for pricing
      28,500 SF

      Cordova Office Building For Sale

      28,500 SF office building in Cordova, Tennessee.
      7345 Goodlett Farms Pkwy, Cordova, TN 38016
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      Commercial Land at Dexter Road

      8.48+/- acres of commercial land for sale.
      Dexter Rd, Cordova, TN 38016
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      5,129 SF

      Stand Alone Office/Medical Building

      Renovated office/medical building with ample parking and high visibility.
      1695 Bonnie Ln, Memphis, TN 38016
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    Similar Nearby for Lease

    • Contact for pricing

      Cordova Industrial Building For Rent

      Multi-tenant industrial building in Cordova's Macon Road Industrial Park.
      9373 Macon Rd, Cordova, TN 38016
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      Germantown Parkway Retail Space Available

      12,700 SF available in busy Germantown Parkway strip center.
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      Grocery Anchored Retail Space

      Retail space available in Cordova shopping center.
      N Germantown Pkwy At Dexter Rd, Cordova, TN 38016
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    • Contact for pricing
      7,280 SF

      Retail Space in Cordova Collection

      Retail spaces available in high-traffic Cordova shopping center.
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    • $1.00 SF/Yr

      Prime Commercial Land For Rent

      Commercial land for rent adjacent to IKEA and hotels.
      2281 N Germantown Pkwy, Cordova, TN 38016
      View Details
    • Contact for pricing
      6,048 SF

      Retail Space on Germantown Parkway

      12,700 SF retail space available on busy Germantown Parkway.
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      View Details
    View Listing
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    Cordova, TN 38016
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    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
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