Retail Storefront
For Sale
Contact for pricing
3635 LAMAR AVE, Memphis, TN 38118
For-sale retail property offering flexible space for a storefront-oriented business in Memphis.
Property Size1,924 SF
Price / SF$142.93
Days on Market69
Property Features for 3635 LAMAR AVE
General Information
Standard status
Active
Size
1,924 SF
Property subtype
Retail
Building Details
Year Built
1964
Listing Agency:
Crye-Leike Commercial Memphis
Listed By:
Andy Walker · License #TN 335853
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Aug 3 at 3:42PM
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
Investment Insights
Based on property information with market context.
This for-sale retail storefront property totals 1,924 SF and is offered as a single retail asset. It is well-suited for businesses that need a dedicated retail space where customers can access the premises directly.
The property is located at 3635 Lamar Ave, Memphis, TN. Its street address positioning supports a retail use profile for operators looking for a convenient neighborhood storefront presence.
From a tenant or owner-operator perspective, this size and configuration can work for a wide range of retail concepts that benefit from an established retail footprint rather than a specialized improvement set. For investors, the offering represents a straightforward retail acquisition opportunity in a defined, standalone size, priced and marketed for buyers seeking direct ownership of a retail property rather than a multi-tenant structure. Interested parties should review the space details and consider their operating requirements against the provided retail footprint before moving forward.
The property is located at 3635 Lamar Ave, Memphis, TN. Its street address positioning supports a retail use profile for operators looking for a convenient neighborhood storefront presence.
From a tenant or owner-operator perspective, this size and configuration can work for a wide range of retail concepts that benefit from an established retail footprint rather than a specialized improvement set. For investors, the offering represents a straightforward retail acquisition opportunity in a defined, standalone size, priced and marketed for buyers seeking direct ownership of a retail property rather than a multi-tenant structure. Interested parties should review the space details and consider their operating requirements against the provided retail footprint before moving forward.
Key Highlights
- Retail property built in 1964
- 1,924 SF retail space for storefront‑oriented business use
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $15.00 |
| − Vacancy | −$1.4k | −$0.75 |
| EGI | $27.4k | $14.25 |
| − OpEx | −$8.2k | −$4.27 |
| NOI | $19.2k | $9.98 |
1,924 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$274.2K
$239.9K – $319.9K
NOI $19,192 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$568.6K
$497.6K – $663.4K
NOI $39,804 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Dollar Tree
Shops & Services
17,853 visits/mo
0.1 miles
Checkers
Dining
10,094 visits/mo
0.1 miles
Dollar General
Shops & Services
8,869 visits/mo
0.2 miles
AutoZone
Shops & Services
6,181 visits/mo
0.2 miles
Valero Energy
Shops & Services
3,239 visits/mo
0.1 miles
Demographics for 38118, TN
39,627
Population
16,317
Households
2.4
Avg Household Size
32
Median Age
12%
College-Educated
79%
High-School Grad
30.5 sq mi
ZIP Area
1,299
Density / Sq Mi
$42,464
Median Household Income
$30,431
Median Earnings
$1,105
Median Rent
$95,700
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For-sale retail property offering flexible space for a storefront-oriented business in Memphis.
Where is this retail space located?
The property is located at 3635 LAMAR AVE Memphis, TN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Retail property built in 1964; 1,924 SF retail space for storefront‑oriented business use
