Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bartlett Retail Building For Sale Title is generated by Realmo AI

    2936 Kirby Whitten Rd, Bartlett, TN 38134

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail building in established Bartlett trade area with high visibility.

    Type:Retail
    Property size:
    5,513 SF
    Price / SF:
    $245/SF
    Added:
    May 29, 2025
    Days on Market:
    348
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 2936 Kirby Whitten Rd

    General Information

    Standard status
    Active
    Size
    5,513 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Wilson W. McCloy

    Listing agent Wilson W. McCloy License #324376

    Listing office Crye-Leike Commercial Memphis

    Listing date May 29, 2025

    Source Crexi

    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 Crye-Leike Commercial Memphis

    HighLights

    • Prime location adjacent to Kroger and Chick‑Fil‑A.
    • High visibility with 170' of road frontage on a lighted intersection.
    • Significant future growth potential due to the $200M Union Depot project starting in 2024.
    • Cost of building replacement is well under $100/psf.
    • Surrounded by national retailers.
    • Ideal opportunity for an owner‑user.

    Overview

    Located just off the lighted intersection of Kirby Whitten Road and Stage Road, this property is adjacent to a Kroger outparcel and Chick-Fil-A. It features 170 feet of road frontage and high visibility in a prime servicing location within Bartlett. Situated in the established alpha trade area of Bartlett, the property is surrounded by national retailers. The $200 million Union Depot project, which commenced in 2024, is located nearby and is expected to increase the population and amenities in the immediate area. The building has a replacement cost well under $100 per square foot. This 5,513 square foot property presents an opportunity for an owner-user. Site plans and as-built drawings are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Noodles Asian Bistro Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.840058
    Latitude
    35.205914

    Nearby Similar for Sale

    • $1,300,000

      Bartlett Office Building Investment Opportunity

      Office building in medical area with tenant and build-out potential.
      6634 SUMMER KNOLL, Bartlett, TN 38134
      View Details
    • $1,500,000

      Established Childcare Center in Bartlett

      Operating childcare center in Bartlett, TN, with growth potential.
      8045 BROTHER, Bartlett, TN 38133
      View Details
    • $350,000
      3,262 SF

      Office Space in Old Bartlett

      3,262 SF office space for sale in Bartlett.
      2857 Shelby St, Bartlett, TN 38134
      View Details
    • $575,000

      Commercial Property on Summer Oaks

      Commercial property for sale, located on Summer Oaks.
      2820 Summer Oaks Dr, Bartlett, TN 38134
      View Details
    • $365,000
      3,262 SF

      Office Space in Old Bartlett

      3,262 SF office space for sale in Old Bartlett.
      2857 Shelby St, Bartlett, TN 38134
      View Details
    • Contact for pricing
      6,218 SF

      Retail Flex Building in Bartlett

      6,218 SF retail flex building in historic district.
      5847 Stage Road, Bartlett, TN 38134
      View Details
    • Contact for pricing
      3,540 SF

      Retail Out-Parcel in Bartlett, TN

      3,540 SF retail space in Kroger anchored center.
      3020 Kirby Whitten Road, Bartlett, TN, 38134
      View Details
    • Contact for pricing
      48,200 SF

      Bartlett Retail Center For Sale

      Neighborhood retail center in Bartlett, Tennessee, with upside potential.
      7124 - 7174 Stage Road, Bartlett, TN 38133
      View Details
    • Contact for pricing
      17,600 SF

      Bartlett Retail Center For Sale

      17,600 SF neighborhood center with 2,400 SF restaurant space.
      6490 Memphis Arlington Road, Bartlett, TN 38135
      View Details
    • Contact for pricing
      48,200 SF

      Bartlett Retail Center on Stage

      48,200 SF neighborhood center with multiple suites available.
      7124 - 7174 Stage Road, Bartlett, TN 38133
      View Details
    • $575,000
      3,672 SF

      Office Building For Sale

      Office property featuring 3,672 square feet of space.
      2820 Summer Oaks Dr, Bartlett, TN 38134
      View Details
    • Contact for pricing
      10,000 SF

      Bartlett Office Building For Sale

      Single-story office building with expansion potential in Northeast Memphis.
      8363 Wolf Lake Dr, Bartlett, TN
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail building in established Bartlett trade area with high visibility.
    Where is this retail space located?
    The property is located at 2936 Kirby Whitten Rd Bartlett, TN.
    What is the asking price?
    The asking price for this property is $1,355,000.
    What are key features of this property?
    This property features: Prime location adjacent to Kroger and Chick‑Fil‑A.; High visibility with 170' of road frontage on a lighted intersection.; Significant future growth potential due to the $200M Union Depot project starting in 2024.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Wilson W. McCloy
    Real Estate License ID: 324376
    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
    2936 Kirby Whitten Rd, Bartlett, TN 38134
    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!