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    4615-4685 American Way Memphis, TN 38118

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    For Lease
    Contact for pricing

    Retail property on a hard corner with high traffic.

    Property size:
    22,000 SF
    Lot size:
    13.16 Acres

    Property Features for 4615-4685 American Way

    General Information

    Size
    22,000 SF
    Lot size
    13.16 Acres

    Source: Avison Young | Memphis Agent James H. McCraw

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

    Overview

    Retail Space on Hard Corner

    This retail property is situated on a hard corner lot at the intersection of South Perkins Road and American Way. South Perkins Road has an average annual daily traffic (AADT) count of 21,717, while American Way has an AADT of 11,682. Co-tenants include Extreme Wear, Rainbow USA, City Gear, and Regency Jewelers. The property is less than half a mile from Interstate 240 access at the South Perkins Road exit. The property size is 22,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.90933
    Latitude
    35.0722986

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    FAQs

    What type of property is this?
    Strip mall - Retail property on a hard corner with high traffic.
    Where is this strip mall located?
    The property is located at 4615-4685 American Way Memphis, TN.
    What are key features of this property?
    This property features: - Hard corner lot location at a high-traffic intersection of South Perkins Road and American Way.; - Proximity to Interstate 240 access via the South Perkins Road exit.; - Co-tenancy with established retailers: Extreme Wear, Rainbow USA, City Gear, and Regency Jewelers.
    (901) 590-9997
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    4615-4685 American Way Memphis, TN 38118
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    Memphis, TN 38118
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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
    4615-4685 American Way Memphis, TN 38118
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