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Property profile & analytics
FOR SALE
Warehouses
9525 Macon Rd Cordova, TN 38016
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-2100784
For Sale
1 / 9
$5,850,000
9525 Macon Rd, Cordova, TN 38016
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Property summary
AI-generated overview
This exceptional investment opportunity presents a 66,175-square-foot industrial flex property located at 9525 Macon Road, Cordova, Tennessee, 38016. The property is currently 100% leased, offering a strong, stable income stream with a compelling 8.18% capitalization rate. Priced at $5,850,000, this translates to a price per square foot of $88.47. The building sits on a sizable lot providing over two acres of outdoor storage space, presenting significant potential for future expansion or value-add opportunities. The property's location in Shelby County boasts a near-zero vacancy rate, indicating high demand and strong market fundamentals. Ample parking is available for tenants and visitors. The lease type is NNN (Net, Net, Net), minimizing landlord responsibilities. This multi-tenant industrial flex building represents a rare chance to acquire a high-performing asset in a thriving market. The property's size, location, and current occupancy make it an attractive investment for both seasoned and emerging investors seeking a stable, high-yield return.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Total area
37,702 SF
Lot
6.57 ac (286,320 SF)
Zoning code
IH
APN
D02-15 - - -00417-C
UPID
US80-2100784
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
-
US Brick Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.73M
CAP Approach
CAP
$4.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.30M
Owner & transaction history
Reform Sports Training LLC · 3 yrs held
Reform Sports Training LLC
since 2022
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
IH · Cordova, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.1M
+288.2%
Medical building
$5.6M
+253.8%
Office building
$4.3M
+173.2%
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 Cordova submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cordova 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
$3,900,000
ML approach
$3,725,000
CAP Approach
CAP Return
Estimation
6%
$4,820,000
6.5%
$4,450,000
7%
$4,130,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,120,000
Change: +288% · Conversion: Moderate
MEDICAL BUILDING
$5,580,000
Change: +254% · Conversion: Difficult
OFFICE BUILDING
$4,310,000
Change: +173% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,770,000
Change: +139% · Conversion: Easy
RETAIL STORES
$3,385,000
Change: +115% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,365,000
Change: +113% · Conversion: Difficult
Blend value · Realmo final
$4.30M
Range $3.87M – $4.72M · ±10% · vs last sale $4.70M (Dec 5 2022)
Last sale anchor
$4.70M
Dec 5 2022
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
$114 / 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
$28,290
Tax year 2022
Assessed value
$834,520
Assessed 2023
Previous assessed
$834,520
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$179,640
Assessed improvement
$654,880
Land market value
$449,100
Improvement market value
$1,637,200
Total market value
$2,086,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1985
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Total area
37,702 SF
Lot
6.57 ac (286,320 SF)
Zoning code
IH
APN
D02-15 - - -00417-C
UPID
US80-2100784
Jurisdiction
SHELBY
Zoning & alternative use
IH · Cordova, TN
Zoning IH · permitted uses
IH · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
MEDICAL BUILDING
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.8M
RETAIL STORES
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
4
Lot
6.57 ac
Current owner
From public records · entity-resolved
Reform Sports Training LLC
Entity
Mailing address
2145 ROLLING VLY DR, GERMANTOWN, TN 38138-4722
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
—
Reform Sports Training LLC
Green Family Realty Partnership
Lease
—
Dec 2, 2022
$4,700,000
Cornestone Investments Holdings LLC
Green Family Realty Partnership
Special Warranty Deed
$4,239,609 · Banktennessee
Dec 2, 2022
—
Cornerstone Investments Holdings
Green Family Realty Partnership
Quitclaim Deed
related
—
Jun 15, 2021
—
Green Family Realty Partnership
—
Deed
related
$1,163,878 · The Bank Of Holly Spring
May 1, 2012
—
Green Family Realty Ptshp
Greenlight Cordova LLC
Quit Claim Deed
related
—
Jul 20, 2009
$1,854,052
M & F Business Credit INC
Moss William P III
Trustees Deed
related
—
—
—
Green Family Realty Ptshp
—
Deed Of Trust
related
$2,110,050 · Bank Of Holly Springs
—
—
Dudley P Schaefer
—
Loan Modification
related
$750,000 · First Tennessee Bank National
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.
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