Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7151 Cherry Farms Rd Cordova, TN 38016-4933

    • Office buildings
    • 39,581 SF
    • 7.69 lot acres
    OFF-MARKET
    Value Estimations
    $3,700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1409080
    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

    • WKNO / Television Studio / Media Distribution
    • WKNO-FM / Radio Station / Telecommunications Service

    Property Details for 7151 Cherry Farms Rd

    Year built
    2009
    Lot size
    7.69 lot acres
    Property size
    39,581 SF
    Zone code
    R-6
    Property type
    Office buildings
    APN
    D02-07 - - -00359
    APU
    D020700359

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,523,000
      Market price range: $2.87M - $7.53M
      AI Estimate
      $2,879,000
      Market price range: $1.82M - $4.57M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,525,000
      Current use
      MEDICAL BUILDING
      $5,860,000
      Change: +30% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,960,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8249
    Latitude
    35.173
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $866,500
    $7,838,700
    $8,705,200

    Comparable in this City

    • Value Estimation
      $34,205,000
      253,831 SF

      7130 Goodlett Farms Pkwy

      OFFICE BUILDING • 253,831 SF
      7130 Goodlett Farms Pkwy, Cordova, TN 38016-4991
      View Details
    • Value Estimation by Request
      5,624 SF

      1176 Vickery Ln

      OFFICE BUILDING • 5,624 SF
      1176 Vickery Ln, Cordova, TN 38016-0630
      View Details
    • Value Estimation
      $1,260,000
      9,206 SF

      1635 Wynne Rd

      OFFICE BUILDING • 9,206 SF
      1635 Wynne Rd, Cordova, TN 38016-4905
      View Details
    • Value Estimation
      $545,000
      5,175 SF

      1589 Appling Rd

      OFFICE BUILDING • 5,175 SF
      1589 Appling Rd, Cordova, TN 38016-4967
      View Details
    • Value Estimation
      $875,000
      9,319 SF

      8289 Cordova Rd

      OFFICE BUILDING • 9,319 SF
      8289 Cordova Rd, Cordova, TN 38016-2090
      View Details
    • Value Estimation
      $15,570,000
      130,112 SF

      1900 Charles Bryan Rd

      OFFICE BUILDING • 130,112 SF
      1900 Charles Bryan Rd, Cordova, TN 38016-5032
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,500 SF

      Cordova Office Building For Sale

      28,500 SF office building in Cordova, Tennessee.
      7345 Goodlett Farms Pkwy, Cordova, TN 38016
      View Details
    • Contact for pricing
      5,129 SF

      Stand Alone Office/Medical Building

      Renovated office/medical building with ample parking and high visibility.
      1695 Bonnie Ln, Memphis, TN 38016
      View Details
    • Contact for pricing

      Germantown Parkway Boutique Office Building

      Boutique office building near Shelby Farms Park.
      7990 Trinity Rd, Cordova, TN 38016
      View Details
    • $795,000

      Renovated Turn-Key Office Building

      Stand-alone, renovated office building with ample parking in Memphis.
      1695 Bonnie Ln, Memphis, TN 38016
      View Details
    • Contact for pricing

      Germantown Parkway Outparcel Opportunity

      3,270 SF outparcel ideal for medical or retail use.
      1645 North Germantown Pkwy, Memphis, TN 38016
      View Details
    • Contact for pricing

      Cordova Office Suites For Sale

      Office suites available in Cordova near Germantown Parkway Corridor.
      1600 Bonnie Ln, Cordova, TN 38016
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      106,480 SF

      Cordova Office and Fitness Space

      Office building with renovated lobby, fitness center, and walking trails.
      7130 Goodlett Farms Pkwy, Cordova, TN 38016
      View Details
    • Contact for pricing

      Germantown Parkway Boutique Office Building

      21,204 SF office building near Shelby Farms Park.
      7990 Trinity Rd, Memphis, TN 38016
      View Details
    • Contact for pricing

      Germantown Parkway Retail Space Available

      12,700 SF available in busy Germantown Parkway strip center.
      1890 N Germantown Pkwy, Memphis, TN 38016
      View Details
    • Contact for pricing
      2,300 SF

      Medical Office Space Available

      First floor medical office space with waiting room.
      8134 Country Village Dr, Cordova, TN 38016
      View Details
    • Contact for pricing
      131,556 SF

      Prime Cordova Office Space

      Class A office building, multiple suites available.
      7000 Goodlett Farms Pkwy, Cordova, TN 38016
      View Details
    • Contact for pricing
      44,902 SF

      Cordova Office & Flex Space

      Office and flex space available for sublease in Cordova, TN.
      1900 Charles Bryan Rd, Cordova, TN 38016
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7151 Cherry Farms Rd
    Cordova, TN 38016-4933
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!