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Property profile & analytics

9525 Macon Rd Cordova, TN 38016-6551

  • Warehouses
  • 37,702 SF
  • 6.57 lot acres
OFF-MARKET
Last Sale
Dec 05, 2022
$4,700,000
Value Estimations
$4,295,000
Show details
Cap Rate Potential
7.4%
Warehouses
Location Intelligence
Property ID
US80-2100784
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

  • US Brick / Big Box & Wholesale Store / Building Supply

Property Details for 9525 Macon Rd

Year built
1985
Lot size
6.57 lot acres
Property size
37,702 SF
Zone code
IH
Property type
Warehouses
APN
D02-15 - - -00417-C
APU
D021500417C

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

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
    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

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


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

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
$28,290
$179,640
$654,880
$834,520
-
$449,100
$1,637,200
$2,086,300
More about this property
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