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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    676 Germantown Pkwy Cordova, TN 38018-6210

    • Strip malls
    • 81,798 SF
    • 5.99 lot acres
    OFF-MARKET
    Value Estimations
    $6,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3140838
    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

    • Kroger Pharmacy / Pharmacy
    • Western Union / Bank / Credit Union
    • MoneyGram / Bank / Credit Union
    • Kroger Deli / Food Market / Restaurant
    • Starbucks / Cafe & Coffee Shop

    Property Details for 676 Germantown Pkwy

    Year built
    1988
    Lot size
    5.99 lot acres
    Property size
    81,798 SF
    Zone code
    CMU-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    091-034- - -00004
    APU
    9103400004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,924,000
      Market price range: $7.08M - $20.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7933
    Latitude
    35.1433
    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
    $156,848
    $904,440
    $1,670,360
    $2,574,800
    -
    $2,261,100
    $4,175,900
    $6,437,000

    Comparable in this City

    • Value Estimation
      $1,110,000
      7,910 SF

      8130 Macon Sta Dr

      SHOPPING CENTER, STRIP CENTER • 7,910 SF
      8130 Macon Sta Dr, Cordova, TN 38018-5806
      View Details
    • Value Estimation
      $3,105,000
      35,767 SF

      590 Germantown Pkwy

      SHOPPING CENTER, STRIP CENTER • 35,767 SF
      590 Germantown Pkwy, Cordova, TN 38018-6260
      View Details
    • Value Estimation
      $1,590,000
      10,246 SF

      990 Germantown Pkwy

      SHOPPING CENTER, STRIP CENTER • 10,246 SF
      990 Germantown Pkwy, Cordova, TN 38018-5800
      View Details
    • Value Estimation
      $845,000
      5,976 SF

      695 Germantown Pkwy

      SHOPPING CENTER, STRIP CENTER • 5,976 SF
      695 Germantown Pkwy, Cordova, TN 38018-6879
      View Details
    • Value Estimation
      $1,630,000
      20,479 SF

      815 Exocet Dr

      SHOPPING CENTER, STRIP CENTER • 20,479 SF
      815 Exocet Dr, Cordova, TN 38018-2255
      View Details
    • Value Estimation
      $1,450,000
      14,204 SF

      1009 Germantown Pkwy

      SHOPPING CENTER, STRIP CENTER • 14,204 SF
      1009 Germantown Pkwy, Cordova, TN 38018-5895
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Cordova Development Opportunity For Sale

      New development with retail and residential opportunities in Cordova, Tennessee.
      Swc Walnut Grv Rd & Houston Levee Rd, Cordova, TN 38018
      View Details
    • $2,000,000
      7.69 Acres

      Cordova Restaurant & Land Portfolio

      Prime Cordova location, restaurant included.
      8556 Macon Rd, Memphis, TN 38018
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    • $950,000
      868 SF

      Memphis Restaurant - Turnkey Opportunity

      Established Restaurant, Prime Location, High Traffic
      8079 Trinity Rd, Memphis, TN 38018
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    • $5,950,000

      Cordova Retail Property For Sale

      Retail property available for purchase in Cordova, Tennessee.
      815 Exocet Dr, Cordova, TN 38018
      View Details
    • $4,200,000
      31,720 SF

      Esplanade Event Center: Memphis, TN

      Prime Event Center, High Parking Ratio, Flexible Use
      901 Cordova Sta Ave, Memphis, TN 38018
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    • $700,000
      868 SF

      Retail Property Near Germantown Parkway

      Retail space for sale in prime location near Kroger.
      8079 Trinity Rd, Cordova, TN 38018
      View Details

    Similar Nearby for Lease

    • 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
      3,636 SF

      Retail Space in Cordova

      Retail space available for rent in Cordova, Tennessee.
      8100 Macon Station Dr, Cordova, TN 38018
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Germantown Parkway

      Retail space available at N Germantown Parkway and Macon Rd.
      1010-1034 N Germantown Pkwy, Cordova, TN 38018
      View Details
    • Contact for pricing
      868 SF

      Memphis Fast Food Retail Space

      Prime 868 SF Fast Food Location
      8079 Trinity Rd, Memphis, TN 38018
      View Details
    • Contact for pricing
      800 SF

      Restaurant/Retail Space Near Germantown Parkway

      Former restaurant space available for lease near Germantown Parkway.
      8095 Macon Rd, Cordova, TN 38018
      View Details
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    Cordova, TN 38018-6210
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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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