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    9510 Cordova Park Rd Cordova, TN 38018-6568
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    Property profile & analytics

    9510 Cordova Park Rd, Cordova, TN 38018-6568

    View on Map
    • Warehouses
    • 16,008 SF
    • 0.79 lot acres
    Off-Market
    Last Sale Jan 26, 2022
    $1,200,000
    Property ID
    US80-0504995
    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.
    Value Estimations
    $1,020,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Home City Ice / Big Box & Wholesale Store / Distribution Center

    Property Details for 9510 Cordova Park Rd

    Year built
    2011
    Lot size
    0.79 lot acres
    Zone code
    IH
    Property type
    Warehouses
    APN
    D02-15X- -C-00005
    APU
    D0215XC00005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 26, 2022 $1,200,000 The Home Ciy Ice Company Pegg Enterproises INC Special Warranty Deed —
    Feb 9, 2021 — Pegg Enterprises INC — Deed · related $656k · Insouth Bank
    Sep 24, 2020 — Billy J Pegg JR — Deed Of Trust · related $16k · Bank3
    Mar 3, 2017 — Pegg Ents INC — Deed · related $588k · Regions Bk
    Jan 3, 2011 $79,061 Pegg Ents INC M & F Business Credit INC Grant Deed —
    Jul 20, 2009 $385,496 M & F Business Credit INC Moss William P III Trustees Deed · related —
    — — Pegg Ents INC — Deed Of Trust · related $700k · Regions Bk/fayette
    — — Pegg Ents INC — Loan Modification · related $588k · Regions Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $995,000
      ML approach
      $1,005,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $693,000
      Market price range: $334k - $1.09M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $670,000
      Current use
      AUTO REPAIR, GARAGE
      $1,600,000
      Change: +139% Conversion: Easy
      RETAIL STORES
      $1,440,000
      Change: +115% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,430,000
      Change: +113% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7453
    Latitude
    35.1602
    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
    $13,902
    $24,960
    $385,120
    $410,080
    -
    $62,400
    $962,800
    $1,025,200

    Comparable in this City

    • Value Estimation
      $1,460,000
      15,400 SF

      1220 Big Orange Rd

      WAREHOUSE, STORAGE
      1220 Big Orange Rd, Cordova, TN 38018-6576
      View Details
    • Value Estimation
      $890,000
      39,000 SF

      1211 Midas Cv

      WAREHOUSE, STORAGE
      1211 Midas Cv, Cordova, TN 38018-0306
      View Details
    • Value Estimation by Request
      14,786 SF

      7797 Moriarty Rd

      WAREHOUSE, STORAGE
      7797 Moriarty Rd, Cordova, TN 38018
      View Details
    • Value Estimation
      $635,000
      9,722 SF

      1310 Rebel Rd

      WAREHOUSE, STORAGE
      1310 Rebel Rd, Cordova, TN 38018-0315
      View Details
    • Value Estimation by Request
      8,156 SF

      1210 Big Orange Rd

      WAREHOUSE, STORAGE
      1210 Big Orange Rd, Cordova, TN 38018-6576
      View Details
    • Value Estimation
      $1,240,000
      63,784 SF

      835 Herbert Rd

      MINI-WAREHOUSE, STORAGE
      835 Herbert Rd, Cordova, TN 38018-6237
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Newly renovated medical office condo in thriving Germantown Parkway corridor.
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      Premium Retail Center For Sale

      22,000 SF retail center in a bustling Cordova location.
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      2,805 SF

      Cordova Office Space For Sale

      Office property with 2,805 square feet of space.
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      Industrial Land Near Germantown Parkway

      6.93 acres of industrial land for sale.
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    • $190,000
      1.24 Acres

      Gated Homesite in Unincorporated, TN

      1.24 acre gated homesite, perfect for custom dream home.
      9425 Greywood Cv, Cordova, TN 38018
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      Land for Residential Development

      2.49 acres of land ready for development.
      580 Rocky Point Rd, Cordova, TN 38018
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    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Cordova Industrial Space For Lease

      4,000± SF industrial space in Cordova, Tennessee available for lease.
      1280 Rebel Rd, Cordova, TN 38018
      View Details
    • Contact for pricing
      14,700 SF

      Cordova Industrial Warehouse For Rent

      14,700 SF industrial warehouse space available for lease.
      860 Herbert Rd, Cordova, TN 38018
      View Details
    • Contact for pricing
      10,750 SF

      Industrial Space Available For Lease

      Industrial property featuring 10,750 square feet available for lease.
      7846 Trinity Rd, Memphis, TN 38018
      View Details
    • Contact for pricing
      28,860 SF

      Northeast Memphis Flex Space Available

      Rare vacancy in amenitized Memphis location, available in 2022.
      7730 A Trinity Rd, Memphis, TN 38018
      View Details
    • Contact for pricing

      Cordova Industrial Single Tenant Space

      13,580 SqFt industrial space available for single tenant in Cordova.
      1200 Big Orange Rd, Cordova, TN 38018
      View Details
    • Contact for pricing
      28,860 SF

      Cordova Flex Space Available

      Flex space available for lease in Cordova, Tennessee.
      7730-7760 Trinity Rd, Cordova, TN 38018
      View Details
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    Cordova, TN 38018-6568
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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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