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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7790 Fischer Steel Rd Cordova, TN 38018-2254

    • Sports & entertainment properties
    • 40,708 SF
    • 2.04 lot acres
    OFF-MARKET
    Last Sale
    Jul 02, 2025
    $450,000
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1222195
    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

    • Lambert Law Firm / Law Firm / Child Welfare Organization
    • Memphis Pride Cheer / Gym & Fitness Center
    • Prime Drive Training / Gym & Fitness Center
    • Dulin's Cheerleading Gym / Gym & Fitness Center
    • Cordova Indoor Arena / Gym & Fitness Center / Sports Field & Court

    Property Details for 7790 Fischer Steel Rd

    Year built
    1994
    Lot size
    2.04 lot acres
    Property size
    40,708 SF
    Zone code
    IH
    Property type
    Sports & entertainment properties
    APN
    091-032- - -00010
    APU
    9103200010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $739,000
      Market price range: $712k - $4.06M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8036
    Latitude
    35.1488
    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
    $32,598
    $78,520
    $456,600
    $535,120
    -
    $196,300
    $1,141,500
    $1,337,800

    Comparable in this City

    • Value Estimation
      $3,055,000
      13,967 SF

      7800 Fischer Steel Rd

      RECREATIONAL, ENTERTAINMENT • 13,967 SF
      7800 Fischer Steel Rd, Cordova, TN 38018-6245
      View Details
    • Value Estimation by Request
      16.37 Acres

      Cordova Clb Dr

      COUNTRY CLUB • 16.37 Acres
      Cordova Clb Dr, Cordova, TN 38018
      View Details
    • Value Estimation
      $525,000
      31,176 SF

      901 Cordova Sta Ave

      AUDITORIUM • 31,176 SF
      901 Cordova Sta Ave, Cordova, TN 38018-6316
      View Details
    • Value Estimation by Request
      10.10 Acres

      Macon Rd And Cordova Sta Rd

      Land • 10.10 Acres
      0 Macon Rd And Cordova Sta Rd, Memphis, TN 38018
      View Details
    • Value Estimation by Request
      10.10 Acres

      Macon Rd @ Country Vlg Dr

      Multifamily properties • 10.10 Acres
      0 Macon Rd @ Country Vlg Dr, Memphis, TN 38018
      View Details
    • Value Estimation
      $12,645,000
      98,159 SF

      8001 Centerview Pkwy

      OFFICE BUILDING • 98,159 SF
      8001 Centerview Pkwy, Cordova, TN 38018-4228
      View Details

    Similar Nearby for Sale

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      Cordova Office Building For Sale

      3,200 SF office building in Cordova, TN for sale.
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    • $1,350,000
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      Cordova Office Building For Sale

      3,624 SF office building available in Cordova, Tennessee.
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      Cordova Office Space Available

      Office space in Cordova near retailers and dining establishments.
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      Cordova Commercial Land Development

      Prime Retail & Residential Opportunity in Cordova, TN
      0 Swc Walnut Grv Rd & Houston Levee Rd, Cordova, TN 38018
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      Prime Memphis location, 6,000 sq ft, multi-use.
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    • $219,899
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      Land in Gated Community

      Residential land in a gated, equestrian-friendly community.
      Chelsea Mdw, Cordova, TN 38018
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    Similar Nearby for Lease

    • Contact for pricing
      28,130 SF

      Memphis Retail & Office Space

      Prime Cordova location, two suites available
      8130 Macon Sta At Cordova Sta, Memphis, TN 38018
      View Details
    • $28 SF/Yr
      20,427 SF

      Restaurant Space For Lease

      2,996 SF restaurant space available on Germantown Parkway.
      420 S Germantown Rd, Cordova, TN 38018
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    • Contact for pricing
      3,737 SF

      Charming Office Space Available

      Unique office space with landscaped entrances and high ceilings.
      8304 Walnut Grove Rd, Cordova, TN 38018
      View Details
    • $18 SF/Yr
      3,200 SF

      Cordova Office Space For Rent

      Remodeled 1,785 SF office space in Cordova, Tennessee.
      1147 Cully Rd, Cordova, TN 38018
      View Details
    • Contact for pricing
      26,336 SF

      Memphis Medical Office Space for Lease

      Newly renovated suites, 2,214 - 6,707 SF available.
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    • Contact for pricing
      22,349 SF

      Memphis Office Space for Lease

      Prime Cordova location, 2,800 SF available
      815 Exocet Dr, Memphis, TN 38018
      View Details
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    7790 Fischer Steel Rd
    Cordova, TN 38018-2254
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    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
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