1175 Vickery LnMemphis, TN 38016

  • Office properties
  • 5,829 SF
For Lease
$12/SF/YR View listing

Property Details for 1175 Vickery Ln

Year built
2002
Lot size
0.29 AC
Property size (Sq ft)
5,829 SF
Zone code
R-6
Property type
Office properties
Property subtype
Office buildings
APN
091-011- - -00031
APU
9101100031

Description

This 1500-square-foot traditional office space is ideally situated in the Villages of Cordova Office Park in Memphis, Tennessee. Located on the ground floor at 1175 Vickery Lane, Suite #101, Cordova, TN 38016, this single-tenant property offers convenient access, boasting three exterior entrance doors. The spacious layout includes multiple rooms, perfect for various business needs, and features a dedicated kitchenette. The office is part of a larger office park with three other offices sharing common areas, including men's and women's restrooms on both the first and second floors. Ample parking is available for tenants and visitors. The property's location is easily accessible, near the northeast corner of Macon Road and Dexter Lane, surrounded by established regional and national professional office companies. The interior comprises five distinct office rooms plus a general area, providing flexibility for diverse workspace configurations. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a well-appointed and conveniently located office space in Shelby County. Directions: From North Germantown Parkway, head east on Macon Road to Dexter Lane. Turn north onto Dexter Lane, then right onto Vickery Lane.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $839,866
    6.5%
    $775,261
    7%
    $719,886
  • Comparable approach

    Method
    Valuation
    Relative Method
    $454,429
    Geo Method
    $454,429
  • Alternative Use

    Use
    Valuation
    Residential
    $961,324
    Hospitality
    $880,568
    Educational
    $732,622
    Medical
    $757,818
    Retail
    $1,139,634
1175 Vickery Ln, Memphis, Tennessee

Location Insight

City
Cordova
County
Shelby
State
Tennessee
Latitude
35.1572
Longitude
-89.7795
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
$10,826
$25,640
$152,080
$177,720
-
$64,100
$380,200
$444,300

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