Property profile

8166 Varnavas Dr Cordova, TN 38016

OFF-MARKET
Hotels
Property ID
US80-3279531
66,050 SF 2.16 ac lot Built 1996
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1996
Total area 66,050 SF
Lot 2.16 ac (94,264 SF)
Zoning code RU-3
APN 096-500- - -00502
UPID US80-3279531

Cap rate & NOI

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

Location

8166 Varnavas Dr Cordova, TN 38016-3864
Cordova metro Census 21142 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.05M
CAP Approach CAP
$4.75M
Comparable Approach Comparable
$3.32M
Blend (final) Blend
$3.96M

Owner & transaction history

since 2022
Last sale
$4.8M
7 recorded transactions
2022
$4.8M
2022
$4.8M
2022
Price N/A
2021
Price N/A
2021
$4.8M
2020
$4.2M
2019
Price N/A

Zoning & alternative use

RU-3 · Cordova, TN
Top alternative use upside
Auto repair, garage $6.6M +34.8%
Retail stores $5.9M +21.0%
Apartment house (5+ units) $5.9M +20.3%

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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