Property profile

7101 Goodlett Farms Pkwy Cordova, TN 38016

OFF-MARKET
Office buildings
Property ID
US80-1986358
89,715 SF 8.84 ac lot Built 1997
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1997
Total area 89,715 SF
Lot 8.84 ac (385,245 SF)
Zoning code R-6
APN D02-07 - - -00284
UPID US80-1986358

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Postal Service Courier Service
  • Industrial Manufacturer Production Facility
  • Production Facility Factory

Location

7101 Goodlett Farms Pkwy Cordova, TN 38016-4909
Cordova metro Census 21121 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.12M
Blend (final) Blend
$4.70M

Owner & transaction history

since 2021
Last sale
$3.4M
1 recorded transaction
2021
$3.4M

Zoning & alternative use

R-6 · Cordova, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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