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    1551 Netherwood Ave Memphis, TN 38106

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    For Sale
    $190,000

    Versatile commercial space with customization potential on Netherwood Avenue.

    Property size:
    8,131 SF
    Lot size:
    0.50 Acres

    Property Features for 1551 Netherwood Ave

    General Information

    Size
    8,131 SF
    Lot size
    0.50 Acres

    Source: Braden, Braden & Braden LLC Agent Curtis Braden

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

    Overview

    Spacious Layout on Netherwood Avenue

    The property at 1549-1551 Netherwood Avenue features a spacious layout suitable for multiple uses or a versatile commercial space, offering room for customization to suit various needs. The property at 1544 Netherwood, with its unique features, complements the larger property. This presents a chance to own and develop two interconnected spaces. The property has a size of 8131 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Glenview Grocery Grocery Store Bone's Wings Chicken Wings 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.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0106532
    Latitude
    35.1134519

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    FAQs

    What type of property is this?
    Retail space - Versatile commercial space with customization potential on Netherwood Avenue.
    Where is this retail space located?
    The property is located at 1551 Netherwood Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - Spacious layout suitable for multiple uses or commercial space.; - Versatile space with room for customization.; - Rare opportunity to own and develop two interconnected spaces.
    (901) 301-3691
    Request Owner's contact information
    1551 Netherwood Ave Memphis, TN 38106
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    Memphis, TN 38106
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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
    1551 Netherwood Ave Memphis, TN 38106
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