Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Collierville Office/Medical Space Available Title is generated by Realmo AI

    4644 Merchants Park Cir, Collierville, TN

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    150,000 SF available in premier Collierville shopping center.

    Type:OFFICE
    Property size:
    10,000 SF
    Lot size:
    69.01 Acres
    Added:
    Nov 13, 2024
    Days on Market:
    572
    Last Refresh:
    May 20 at 8:58 pm

    Property Features for 4644 Merchants Park Cir

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    69.01 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 4644 Merchants Park Cir Contact us

    We can help!

    Listing Contact
    Wriley Gillen
    Wriley Gillen

    Listing agent Wriley Gillen License #368080

    Listing office Jones Aur Commercial Real Estate | Memphis

    Listing date Nov 13, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Jones Aur Commercial Real Estate | Memphis

    HighLights

    • Located in Collierville's premier shopping center at the intersection of 385 and Houston Levee.
    • High traffic counts: Hwy 385 (53,298 AADT) & Houston Levee (12,496 AADT).
    • 150,000 SF available for medical, office, and other users.
    • Strategically positioned with a mix of retail, professional services, and specialty provider care.
    • Surrounded by hotels and retailers such as Fairfield Inn, Courtyard Marriott, Holiday Inn, Dillard's, Forever 21, and H&M.
    • Opportunity to join the growing Collierville community.

    Overview

    Located in Collierville's premier shopping center at the intersection of 385 and Houston Levee, this property offers 150,000 square feet of space. It is suitable for medical, office, and other users looking to join the growing Collierville community. The location is strategically positioned within a mix of retail, professional services, and specialty provider care. The surrounding area includes hotels and retailers such as Fairfield Inn, Courtyard Marriott, Holiday Inn, Dillard's, Forever 21, H&M, Barnes & Noble Booksellers, and American Eagle. Traffic counts are significant, with 53,298 AADT on Hwy 385 and 12,496 AADT on Houston Levee.
    Location Intelligence

    Current Use by Public Records

    Border Martial Arts ... Training Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7175
    Latitude
    35.0225

    Nearby Similar for Lease

    • Contact for pricing
      1,600 SF

      Collierville Retail Space Available

      Retail space for lease in a busy Collierville shopping center.
      1016 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing
      3,198 SF

      Restaurant with Drive Thru

      Restaurant with drive-thru adjacent to Kroger in Collierville, Tennessee.
      784 West Poplar Avenue, Collierville, TN, 38017
      View Details
    • $8 SF/Yr
      38,700 SF

      Collierville Industrial Warehouse For Lease

      Industrial warehouse space available for lease in Collierville, Tennessee.
      280 Moore Ln, Collierville, TN 38017
      View Details
    • Contact for pricing
      7,875 SF

      Collierville Retail Development Opportunity

      Proposed retail buildings in the heart of Collierville's residential area.
      N Byhalia Rd, Collierville, TN
      View Details
    • Contact for pricing
      11,857 SF

      Class A Office/Service Space

      Expandable Class A office/service space in Schilling Farms.
      1125 Schilling Blvd E, Collierville, TN
      View Details
    • Contact for pricing
      4,500 SF

      Collierville Flex Space Opportunity

      4,500 SF flex space in desirable Collierville corridor.
      310 MOORE LN, COLLIERVILLE, TN
      View Details
    • Contact for pricing
      5,512 SF

      Collierville Retail Space Available

      Retail property in Collierville, TN, offering 5512 square feet.
      240 New Byhalia Rd, Collierville, TN, 38017
      View Details
    • Contact for pricing

      Retail Space in Collierville Center

      Retail spaces available in a neighborhood shopping center.
      3635 South Houston Levee Road, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Shopping Center For Lease

      Fully leased 65,900 SF shopping center in Collierville, Tennessee.
      3660, 3670, 3680 S Houston Levee Road, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Retail Space For Lease

      New retail building with drive-thru potential near high school.
      S Byhalia Rd & E Shelby Dr, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Freestanding Medical Clinic

      Former medical clinic adjacent to Walmart available for lease.
      604 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Retail Space For Lease

      New retail development in Collierville, Tennessee with spaces for lease.
      New Byhalia, Collierville, TN 38017
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 150,000 SF available in premier Collierville shopping center.
    Where is this medical office space located?
    The property is located at 4644 Merchants Park Cir Collierville, TN.
    What are key features of this property?
    This property features: Located in Collierville's premier shopping center at the intersection of 385 and Houston Levee.; High traffic counts: Hwy 385 (53,298 AADT) & Houston Levee (12,496 AADT).; **150,000 SF available for medical, office, and other users.**
    (901) 538-6363 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Wriley Gillen
    Wriley Gillen
    Real Estate License ID: 368080
    Learn More
    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.
    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

    Thank You for Inquiry
    4644 Merchants Park Cir, Collierville, TN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!