9525 Macon Rd, Cordova, TN 38016
- Warehouses
- 37,702 SF
- 6.57 lot acres
Current Use by Public Records
- US Brick / Big Box & Wholesale Store / Building Supply
Property Details for 9525 Macon Rd
- Year built
- 1985
- Lot size
- 6.57 lot acres
- Zone code
- IH
- Property type
- Warehouses
- APN
- D02-15 - - -00417-C
- APU
- D021500417C
Sales History
| 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 | $4.2M · Banktennessee |
| Dec 2, 2022 | — | Cornerstone Investments Holdings | Green Family Realty Partnership | Quitclaim Deed · related | — |
| Jun 15, 2021 | — | Green Family Realty Partnership | — | Deed · related | $1.2M · 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 | $2.1M · Bank Of Holly Springs |
| — | — | Dudley P Schaefer | — | Loan Modification · related | $750k · First Tennessee Bank National |
Description
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.
Value Estimations
-
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
- MEDICAL BUILDING
- $5,580,000
- OFFICE BUILDING
- $4,310,000
- AUTO REPAIR, GARAGE
- $3,770,000
- RETAIL STORES
- $3,385,000
- APARTMENT HOUSE (5+ UNITS)
- $3,365,000
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Location Insight
- Map
- Local Demand
- City
- Cordova
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.7447
- Latitude
- 35.1627
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
