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

    8620 Trinity Rd Memphis, TN 38018

    • Office buildings
    • 4,867 SF
    • 0.77 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    $410,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0831982
    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

    • Jones Kenneth B PhD / Psychologist
    • Law Offices of Kendra Hazlett Armstrong, P.C. / Family Law Attorney / Divorce Lawyer
    • Memphis Psychologist-Counselor / Psychologist
    • City of Refuge / Non-Denominational Church
    • Refuge Inc / Arts Organization

    Property Details for 8620 Trinity Rd

    Year built
    1997
    Lot size
    0.77 lot acres
    Property size
    4,867 SF
    Zone code
    CA
    Property type
    Office buildings
    APN
    091-053- - -00035
    APU
    9105300035

    Description

    This two-story, 7,314 square foot office building at 8620 Trinity Rd, Memphis, TN 38018, offers multiple suites for lease in a traditional office setting. Built in 1997, the property is located in Shelby County and provides convenient access to key amenities. The building features a total of seven suites, with 3,335 square feet currently vacant. Available spaces range from 421 to 2,090 contiguous square feet, offering flexibility for businesses of various sizes. This prime location in Cordova provides easy access for clients and employees. The property's versatile layout and modern style make it an ideal space for businesses seeking to establish or expand their operations in a thriving commercial area. The building offers a quiet yet bustling environment, ensuring seamless connectivity and a productive workspace. Inquire today to learn more about leasing opportunities within this well-maintained office building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $507,000
      Market price range: $411k - $698k
      AI Estimate
      $461,000
      Market price range: $266k - $633k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $485,000
      RETAIL STORES
      $435,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7756
    Latitude
    35.1429
    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
    $9,890
    $66,040
    $96,320
    $162,360
    -
    $165,100
    $240,800
    $405,900

    Comparable in this City

    • Value Estimation
      $895,000
      98,159 SF

      8001 Centerview Pkwy

      OFFICE BUILDING • 98,159 SF
      8001 Centerview Pkwy, Cordova, TN 38018-4228
      View Details
    • Value Estimation by Request
      5.00 Acres

      8255 Macon Rd

      OFFICE BUILDING • 5.00 Acres
      8255 Macon Rd, Cordova, TN 38018-1564
      View Details
    • Value Estimation
      $1,045,000
      9,920 SF

      763 Walnut Knl Ln

      OFFICE BUILDING • 9,920 SF
      763 Walnut Knl Ln, Cordova, TN 38018-8851
      View Details
    • Value Estimation
      $395,000
      4,264 SF

      757 Walnut Knl Ln

      OFFICE BUILDING • 4,264 SF
      757 Walnut Knl Ln, Cordova, TN 38018-6301
      View Details
    • Value Estimation
      $330,000
      7,260 SF

      8316 Macon Ter

      OFFICE BUILDING • 7,260 SF
      8316 Macon Ter, Cordova, TN 38018-8505
      View Details
    • Value Estimation
      $490,000
      15,108 SF

      146 Timber Crk Dr

      OFFICE BUILDING • 15,108 SF
      146 Timber Crk Dr, Cordova, TN 38018-4395
      View Details

    Similar Nearby for Sale

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      Cordova Office Building For Sale

      3,624 SF office building available in Cordova, Tennessee.
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    • $774,999
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      Two-Story Office Building For Sale

      Two-story office building in Northeast Submarket with 34 parking spaces.
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      Cordova Office Space for Lease

      Professional office space in Cordova with utilities included.
      299 S Walnut Bend Rd, Cordova, TN 38018
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      Cordova Office Space Available

      Office space in Cordova near retailers and dining establishments.
      299 S Walnut Bend Rd, Cordova, TN 38018
      View Details

    Similar Nearby for Lease

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      Cordova Office Space For Rent

      Office building near Shelby Farms Park with retail amenities.
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      28,130 SF

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      Charming Office Space Available

      Unique office space with landscaped entrances and high ceilings.
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      Germantown Park Office Suites

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    • $18 SF/Yr
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      Cordova Office Suites For Lease

      Office suites available for lease in a prime location.
      70 Timber Creek Dr, Cordova, TN 38018
      View Details
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    8620 Trinity Rd
    Memphis, 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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