8066 Walnut Run RdMemphis, TN 38018

Property Details for 8066 Walnut Run Rd

Year built

1991

Lot size

1.48 AC

Property size (Sq ft)

25,891 SF

Zone code

RU-3

Property type

Healthcare properties

Property subtype

Medical offices

APN

091-036- - -00005

APU

9103600005

Description

Cordova Medical Plaza, located at 8066 Walnut Run Rd, Memphis, TN 38018, offers exceptional medical office space for lease. This Class B building, situated in Shelby County, boasts a total of 26,336 square feet and currently has 16,450 square feet of vacant space available for lease. The property is comprised of three total suites, with multiple occupancy options ranging from a minimum of 2,214 square feet to a maximum contiguous space of 6,707 square feet. Ideal for medical practices seeking flexible and modern office space, this newly renovated building provides a comfortable and efficient work environment. The building's prime location in Memphis offers convenient access to major transportation routes and a thriving medical community. The available space presents a unique opportunity for medical professionals to establish or expand their practice in a well-maintained and strategically located facility. Interested parties are encouraged to inquire about lease terms and availability for these versatile and adaptable medical office suites. The property is categorized as a multi-tenant medical office building.

• CAP approach

  CAP return

  Valuation

  6%

  $3,730,483

  6.5%

  $3,443,522

  7%

  $3,197,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,018,462

  Geo Method

  $2,018,462

• Alternative Use

  Use

  Valuation

  Residential

  $4,269,968

  Hospitality

  $3,911,268

  Educational

  $3,254,129

  Medical

  $3,366,043

  Retail

  $5,061,978

Location Insight

City

Cordova

County

Shelby

State

Tennessee

Latitude

35.1474

Longitude

-89.7942

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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