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    FOR LEASE
    Office buildings

    7130 Goodlett Farms Pkwy, Cordova, TN 38016

    253,831 SF 16.74 ac lot Built 1991
    Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US80-2395462
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1991
    Total area 253,831 SF
    Lot 16.74 ac (729,325 SF)
    Zoning code EMP
    APN D02-07 - - -00246
    UPID US80-2395462
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $40.94M
    Comparable Approach Comparable
    $37.69M
    Blend (final) Blend
    $34.21M
    Owner & transaction history
    Jp-land LLC · 10 yrs held
    Jp-land LLC
    since 2015
    6 recorded transactions
    2015
    $500,000
    2010
    2009
    $500
    2008
    $13.0M
    2001
    $210,000
    1999
    $63,000
    Zoning & alternative use
    EMP · Cordova, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $41.2M +42.1%
    Medical building $37.6M +29.5%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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