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7990 Trinity Rd Memphis, TN 38018

Strip malls Google Maps
54,465 SF 4.62 ac lot Built 1998
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$5.25M
Range $4.72M – $5.77M (±10%)
Property ID US80-3259249

Property summary

AI-generated overview

This exceptional Class B office building, located at 7990 Trinity Road in Cordova, Tennessee (zip code 38016), offers a total of 21,204 square feet of executive and professional office space. The building is conveniently situated near the intersection of Germantown Parkway and Trinity Road, providing easy access to major thoroughfares and nearby Shelby Farms Park. Currently, there are five individual suites available for lease, ranging in size from a minimum of 1,104 square feet to a maximum contiguous space of 4,800 square feet. The total vacant space within the building amounts to 10,248 square feet, presenting a significant opportunity for businesses seeking flexible and adaptable office solutions. This boutique office building is ideal for a variety of professional uses, offering a convenient and well-located workspace in the thriving Cordova area of Shelby County. The property's address is easily accessible and provides ample parking for tenants and their clients. The building's multiple suite configuration allows for businesses of various sizes to find a suitable space to meet their needs. This is a rare opportunity to secure office space in a desirable location with immediate availability.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Total area 54,465 SF
Lot 4.62 ac (201,247 SF)
Zoning code IH
APN 091-029- - -00021
UPID US80-3259249

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Training Center
  • Real Estate Agency
  • Physician
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.58M
Blend (final) Blend
$5.25M

Owner & transaction history

since 2023
Last sale
$5.8M
7 recorded transactions
2023
$5.8M
2019
$5.5M
2011
$2.8M
2009
$4.3M
2006
$7.9M
2006
Price N/A
1969
Price N/A

Zoning & alternative use

IH · Cordova, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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