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

    7799 Trinity Rd Cordova, TN 38018

    • Apartment buildings
    • 21,120 SF
    • 21.66 lot acres
    OFF-MARKET
    Value Estimations
    $2,020,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1562976
    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

    • Apartment buildings

    Property Details for 7799 Trinity Rd

    Year built
    1997
    Construction
    FRAME
    Lot size
    21.66 lot acres
    Property size
    21,120 SF
    Zone code
    IH
    Property type
    Apartment buildings
    APN
    091-080- - -00005
    APU
    9108000005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,650,000
      6.5%
      $2,445,000
      7%
      $2,270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,535,000
      Market price range: $310k - $1.54M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,885,000
      Current use
      MEDICAL BUILDING
      $3,125,000
      Change: +66% Conversion: Moderate
      OFFICE BUILDING
      $2,315,000
      Change: +23% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,115,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $1,895,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8024
    Latitude
    35.1387
    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
    $713,706
    $1,329,640
    $10,386,520
    $11,716,160
    -
    $3,324,100
    $25,966,300
    $29,290,400

    Comparable in this City

    • Value Estimation by Request
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      APARTMENT HOUSE (5+ UNITS) • 7,992 SF
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      View Details
    • Value Estimation by Request
      31,360 SF

      8060 Raleigh Lagrange Rd

      APARTMENT HOUSE (5+ UNITS) • 31,360 SF
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    • Value Estimation by Request
      1,020 SF

      Raleigh-lag Rd

      APARTMENT HOUSE (5+ UNITS) • 1,020 SF
      Raleigh-lag Rd, Cordova, TN 38018
      View Details
    • Value Estimation
      $2,545,000
      29,400 SF

      317 Woodland Lk Dr

      APARTMENT HOUSE (5+ UNITS) • 29,400 SF
      317 Woodland Lk Dr, Cordova, TN 38018
      View Details
    • Value Estimation
      $4,060,000
      69,804 SF

      7620 Raleigh Lagrange Rd

      APARTMENT HOUSE (5+ UNITS) • 69,804 SF
      7620 Raleigh Lagrange Rd, Cordova, TN 38018
      View Details
    • Value Estimation
      $11,260,000
      182,664 SF

      8341 Macon Ter

      APARTMENT HOUSE (100+ UNITS) • 182,664 SF
      8341 Macon Ter, Cordova, TN 38018
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Cordova Development Opportunity For Sale

      New development with retail and residential opportunities in Cordova, Tennessee.
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      View Details
    • $3,354,000
      10.10 Acres

      Cordova Commercial Land - 10 Acres

      Prime Cordova location, high traffic, 10 acres.
      0 Macon Rd @ Country Vlg Dr, Memphis, TN 38018
      View Details
    • $170,000

      Memphis Commercial Land For Sale

      Commercial land available in Memphis, Tennessee.
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    • $700,000
      868 SF

      Retail Property Near Germantown Parkway

      Retail space for sale in prime location near Kroger.
      8079 Trinity Rd, Cordova, TN 38018
      View Details
    • $790,000

      Cordova Office Building Investment Opportunity

      6,000 SF Memphis area building for office or investment.
      779 Walnut Knoll Ln, Cordova, TN 38018
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    • Contact for pricing

      Premium Retail Center For Sale

      22,000 SF retail center in a bustling Cordova location.
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    Similar Nearby for Lease

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      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
    • $8 SF/Yr
      35,767 SF

      Retail Space on Germantown Parkway

      35,767 SF retail space with high-traffic location.
      590 N Germantown Pkwy, Cordova, TN 38018
      View Details
    • Contact for pricing
      1,463 SF

      Retail Space in Cordova, TN

      Retail space available for lease in Cordova, Tennessee.
      750 N Germantown Pkwy, Cordova, TN 38018
      View Details
    • Contact for pricing
      18,805 SF

      Memphis Retail Center Opportunity

      Prime Memphis retail space, two suites available.
      1010 Germantown Pkwy, Memphis, TN 38018
      View Details
    • $41 SF/Yr

      Restaurant Space For Lease

      Restaurant space available for lease in prime location.
      8079 Trinity Rd, Cordova, TN 38018
      View Details
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    7799 Trinity Rd
    Cordova, TN 38018
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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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