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    5124 Summer Ave Memphis, TN 38122

    For Lease
    Contact for pricing

    Retail space available in Summer Commons shopping center.

    Property size:
    2,708 SF
    Lot size:
    7.57 Acres

    Property Features for 5124 Summer Ave

    General Information

    Size
    2,708 SF
    Lot size
    7.57 Acres

    Source: Coastal Equities - Corporate Agent Jude Crayton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on Summer Avenue

    The Summer Commons Center is located on Summer Avenue (Highway 70), a major east-west corridor for the Memphis Metropolitan Statistical Area, with traffic counts exceeding 23,900 vehicles. The property is situated immediately west of the Interstate 40 and Summer Avenue interchange. Interstate 40 has traffic counts of approximately 95,000 vehicles per day at this location. The property features a diverse tenant mix, including national and regional tenants such as Northern Tool + Equipment, Save-A-Lot, Dollar Tree, Subway, T Mobile, Check Into Cash, City Thrift, and AC Dental. Available for rent is a retail space of 2708 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    City Thrift Thrift Store Summer Commons Shopping Mall Bargain Hunt Discount Store Northern Tool + Equipment Tool Store Tacos los Carnales Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    High Point Plaza, Summer Place Center, French Village Square, Highland Square

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8906855
    Latitude
    35.1532662

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in Summer Commons shopping center.
    Where is this shopping center located?
    The property is located at 5124 Summer Ave Memphis, TN.
    What are key features of this property?
    This property features: - High traffic counts: Located on Summer Avenue (Highway 70) with over 23,900 vehicles per day.; - Proximity to Interstate 40: Immediately west of the I-40/Summer Avenue interchange, with approximately 95,000 vehicles per day on I-40.; - Diverse tenant mix: Includes national and regional tenants.
    (954) 385-0001
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    Realmo Value Estimation

    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.

    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.

    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
    5124 Summer Ave Memphis, TN 38122
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