Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Cordova Clb Dr Cordova, TN 38018

    • Golf courses & driving ranges
    • 16.37 lot acres
    OFF-MARKET
    Last Sale
    May 22, 2025
    $302,500
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2980464
    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

    • Golf courses & driving ranges

    Property Details for Cordova Clb Dr

    Lot size
    16.37 lot acres
    Zone code
    CA
    Property type
    Golf courses & driving ranges
    APN
    D02-13 - - -00069-C
    APU
    D021300069C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $235,000
      ML approach
      $215,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordova
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8157
    Latitude
    35.1564
    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
    $1,839
    $36,775
    $17,475
    $54,250
    -
    $147,100
    $69,900
    $217,000

    Comparable in this City

    • Value Estimation
      $2,765,000
      13,967 SF

      7800 Fischer Steel Rd

      RECREATIONAL, ENTERTAINMENT • 13,967 SF
      7800 Fischer Steel Rd, Cordova, TN 38018-6245
      View Details
    • Value Estimation
      $525,000
      31,176 SF

      901 Cordova Sta Ave

      AUDITORIUM • 31,176 SF
      901 Cordova Sta Ave, Cordova, TN 38018-6316
      View Details
    • Value Estimation by Request
      40,708 SF

      7790 Fischer Steel Rd

      RECREATIONAL, ENTERTAINMENT • 40,708 SF
      7790 Fischer Steel Rd, Cordova, TN 38018-2254
      View Details
    • Value Estimation by Request

      Swc Walnut Grv Rd & Houston Levee Rd

      Land
      0 Swc Walnut Grv Rd & Houston Levee Rd, Cordova, TN 38018
      View Details
    • Value Estimation by Request
      7.69 Acres

      8556 Macon Rd

      Restaurants • 6,429 SF
      8556 Macon Rd, Memphis, TN 38018
      View Details
    • Value Estimation by Request
      868 SF

      8079 Trinity Rd

      Restaurants • 868 SF
      8079 Trinity Rd, Memphis, TN 38018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.10 Acres

      Cordova Station: 10 Acres Commercial Land

      Prime Memphis commercial land, ideal for mixed-use development.
      0 Macon Rd And Cordova Sta Rd, Memphis, TN 38018
      View Details
    • $790,000
      6,000 SF

      Cordova Office Building For Sale

      6,000 SF office building in Memphis area for sale.
      779 Walnut Knoll Ln, Cordova, TN 38018
      View Details
    • $37,000
      0.68 Acres

      Land Parcel Near Highway

      Land available near the highway in Memphis, Tennessee.
      Warford St, Memphis, TN 38018
      View Details
    • $110,000
      0.48 Acres

      Residential Land in Randle Woods

      Residential land for sale in established Cordova subdivision.
      9208 Beaver Valley Cv, Cordova, TN 38018
      View Details
    • $175,000
      2.00 Acres

      Residential Land in Shelby County

      Vacant lot in a well-maintained subdivision, Shelby County, Tennessee.
      9115 Riveredge Cv, Cordova, TN 38018
      View Details
    • New
      Contact for pricing

      Cordova Office Space for Lease

      Professional office space in Cordova with utilities included.
      299 S Walnut Bend Rd, Cordova, TN 38018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Memphis Commercial Land Opportunity

      Prime Cordova location, single-tenant land.
      0 Swc Walnut Grv Rd & Houston Levee Rd, Memphis, TN 38018
      View Details
    • Contact for pricing
      116,082 SF

      Germantown Office Park - Memphis

      Prime Medical & Office Space in Memphis, TN
      8000 Centerview Pkwy, Memphis, TN 38018
      View Details
    • Contact for pricing
      21,680 SF

      Germantown Office Park - Memphis

      Class A Office Space, Multiple Options
      57 Germantown Ct, Memphis, TN 38018
      View Details
    • Contact for pricing
      868 SF

      Memphis Fast Food Retail Space

      Prime 868 SF Fast Food Location
      8079 Trinity Rd, Memphis, TN 38018
      View Details
    • $10 SF/Yr
      7,314 SF

      Cordova Office Space Available

      7,314 SF Office Building, Multiple Suites
      8620 Trinity Rd, Memphis, TN 38018
      View Details
    • Contact for pricing
      800 SF

      Restaurant/Retail Space Near Germantown Parkway

      Former restaurant space available for lease near Germantown Parkway.
      8095 Macon Rd, Cordova, TN 38018
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Cordova Clb Dr
    Cordova, TN 38018
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.