7101 Goodlett Farms Pkwy Cordova, TN 38016-4909
- Office buildings
- 89,715 SF
- 8.84 lot acres
Current Use by Public Records
- FedEx Drop Box / Mailing Service
- Bioventus MOC / Manufacturer
- Bioventus Memphis / Medical Equipment Manufacturer
Property Details for 7101 Goodlett Farms Pkwy
- Year built
- 1997
- Lot size
- 8.84 lot acres
- Property size
- 89,715 SF
- Zone code
- R-6
- Property type
- Office buildings
- APN
- D02-07 - - -00284
- APU
- D020700284
Description
This exceptional 89,715-square-foot executive office building presents a unique investment opportunity in Memphis, Tennessee. Situated on a sprawling 350-acre lot at 7101 Goodlett Farms Pkwy, Cordova, zip code 38016, this single-tenant property offers unparalleled flexibility. Constructed in 1997, the building boasts a single story design, providing convenient and efficient use of space. The property is classified as Class C and is currently entirely vacant, presenting a blank canvas for a discerning tenant or investor. Its expansive footprint allows for a variety of configurations to suit diverse business needs. Located in Shelby County, this property benefits from excellent accessibility and visibility. The substantial lot size offers ample room for expansion or future development, adding significant long-term value. This is a rare opportunity to acquire a large, single-tenant office building in a prime Memphis location, ready for immediate occupancy or redevelopment. The property's size and location make it ideal for a variety of uses, from corporate headquarters to a large-scale office campus. The 1997 construction date provides a solid foundation for a long-term investment, while the vacant status allows for complete customization to meet specific requirements. Don't miss this chance to secure a significant commercial property in a thriving Memphis market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,180,000
- 6.5%
- $3,615,000
- 7%
- $3,425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,435,000
- Geo Method
- $3,120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,750,000
- Retail
- $3,830,000
- Mixed-Use
- $3,695,000
- Hospitality
- $3,090,000
- Educational
- $3,500,000
- Residential Income
- $3,165,000
- Energy
- $4,130,000
- Income-Based Land
- $3,440,000
- Food Service
- $3,735,000
Location Insight
- Map
- Local Demand
- City
- Cordova
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8267
- Latitude
- 35.1734
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
