7130 Goodlett Farms Pkwy Cordova, TN 38016
Property profile & analytics
7130 Goodlett Farms Pkwy Cordova, TN 38016
- Office buildings
- 253,831 SF
- 16.74 lot acres
Property ID
US80-2395462
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.
Location Intelligence
Current Use by Public Records
- Stratas Foods, LLC / Big Box & Wholesale Store / Food Market
- Hunter Fan Company / Corporate Office
- Corelogic Real Estate Solutions / Real Estate Agency
- Sooner Property Management / Property Management Company
- Regional Adjustment Bureau, Inc / Social Service Agency / Charitable Organization
Property Details for 7130 Goodlett Farms Pkwy
- Year built
- 1991
- Lot size
- 16.74 lot acres
- Property size
- 253,831 SF
- Zone code
- EMP
- Property type
- Office buildings
- APN
- D02-07 - - -00246
- APU
- D020700246
Description
This exceptional Class A office building, located at 7130 Goodlett Farms Pkwy in Cordova, Tennessee, presents a unique investment opportunity. Built in 1991, this four-story structure boasts a total of 238,501 square feet of versatile space. The property is ideally situated in the Northeast submarket of Cordova, zip code 38016, offering convenient access to major transportation routes and amenities. Currently configured for multiple tenancies, the building offers a range of office spaces, from smaller executive suites of approximately 400 square feet to larger units exceeding 26,000 square feet, making it suitable for a variety of businesses. The building's classification as a Traditional Office, Executive Office, and Medical Office space highlights its adaptability and potential for diverse occupancy. The property's substantial size and prime location in a thriving submarket make it an attractive prospect for investors seeking a strong return on investment. Eleven spaces are currently available, providing immediate opportunities for lease or occupancy. This is a rare chance to acquire a well-established, high-quality office building in a desirable Tennessee location. The building's solid construction and established presence in the market ensure a stable and potentially lucrative investment. Further details regarding lease terms and available spaces are available upon request.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $44,350,000
- 6.5%
- $40,940,000
- 7%
- $38,015,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $37,686,000
- AI Estimate
- $23,991,000
Market price range: $18.4M - $48.3MMarket price range: $11.7M - $29.3M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $29,010,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $41,220,000 Change: +42% Conversion: Difficult
- MEDICAL BUILDING
- $37,565,000 Change: +30% Conversion: Easy
- AUTO REPAIR, GARAGE
- $25,390,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cordova
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8254
- Latitude
- 35.1763
- 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
$352,037
$837,760
$9,546,800
$10,384,560
-
$2,094,400
$23,867,000
$25,961,400
