Back to Search
Property profile & analytics
FOR SALE
Theaters & concert halls
901 Cordova Station Ave Memphis, TN 38018
Entity Owned
13-yr Hold
Free & Clear
Property ID
US80-0459827
For Sale
1 / 22
$4,200,000
901 Cordova Station Ave, Memphis, TN 38018
View Listing →
Property summary
AI-generated overview
This exceptional 31,720 square foot Class A event center, located at 901 Cordova Station Ave, Memphis, TN 38018, presents a unique investment opportunity. Built in 2007 on a 3.69-acre lot in Shelby County, this single-story building boasts a remarkable 16-foot ceiling height and offers significant flexibility for various uses. Currently configured as an event center and entertainment complex, it features a large commercial kitchen and ample indoor and outdoor entertainment spaces. The property's impressive 6.31 parking ratio ensures convenient parking for large events and gatherings. Its central location and adaptable design make it ideal for a variety of potential uses, including a church, high-density office space, or medical facility. The asking price is $4,200,000. The property's APN is 09-1025-0-0040. This owner/user investment opportunity offers significant potential for growth and return. The net rentable square footage is 31,720 square feet.
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
2007
Total area
31,176 SF
Lot
3.69 ac (160,519 SF)
Zoning code
CA
APN
091-025- - -00040
UPID
US80-0459827
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Eclectic Catering Memphis Take-out & Catering Catering Service
-
Esplanade Memphis Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Mid South Associates LLC · 13 yrs held
Mid South Associates LLC
since 2012
1 recorded transaction
Zoning & alternative use
CA · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$17 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$73,100
Tax year 2022
Assessed value
$1,200,000
Assessed 2023
Previous assessed
$1,200,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$555,560
Assessed improvement
$644,440
Land market value
$1,388,900
Improvement market value
$1,611,100
Total market value
$3,000,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Theaters & concert halls
Use group
AUDITORIUM
Status
For Sale
Year built
2007
Heating
NONE
Cooling
NONE
Stories
1
Total area
31,176 SF
Lot
3.69 ac (160,519 SF)
Zoning code
CA
APN
091-025- - -00040
UPID
US80-0459827
Jurisdiction
SHELBY
Zoning & alternative use
CA · Cordova, TN
Zoning CA · permitted uses
CA · Cordova, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cordova. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.69 ac
Current owner
From public records · entity-resolved
Mid South Associates LLC
Entity
Free & Clear · 13 yrs held
Mailing address
7645 WOLF RIV CIR STE #100, GERMANTOWN, TN 38138-1751
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2012
—
Mid South Associates LLC
Memphis Intl Props LLC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
