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    4636 Faronia Rd Memphis, TN 38116

    Sponsored
    For Sale
    $2,000,000

    High-yield retail center, Memphis, TN.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Memphis, TN shopping center presents a compelling value-add investment opportunity. Located at the high-traffic intersection of Shelby Drive and Faronia Road (zip code 38116), this property comprises two parcels totaling 2.05 acres. The property features four commercial buildings; two on Parcel A (1.06 acres, 9,865 sq ft) and two on Parcel B (0.99 acres, 4,440 sq ft). Currently boasting 85% occupancy and a net operating income (NOI) of $109,000, this property offers strong holding income potential. Clean Phase I and II environmental reports are available. The property's prime location, near established businesses like Starbucks and AutoZone, presents significant upside potential for an investor. The site also offers potential for redevelopment, including a prime gas station development. The asking price is $2,000,000. This is an exceptional opportunity to acquire a well-positioned retail center in a thriving Memphis market. All information is from sources deemed reliable, but no warranty is made to its accuracy.

    Property Features for 4636 Faronia Rd

    General Information

    Property type
    Lifestyle centers
    Lot Size
    89,298 SF

    HighLights

    • $2,000,000 asking price for a value‑add retail investment opportunity.
    • Multi‑tenant shopping center with 85% occupancy.
    • 2.05‑acre lot located at a signalized intersection in Memphis, TN.
    • $109,000 Net Operating Income (NOI).
    • Property consists of four commercial buildings totaling approximately 14,305 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    The spot Clothing Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.019843399715
    Latitude
    35.02131608882

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail center, Memphis, TN.
    Where is this lifestyle center located?
    The property is located at 4636 Faronia Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price for a value-add retail investment opportunity.; Multi-tenant shopping center with 85% occupancy.; 2.05-acre lot located at a signalized intersection in Memphis, TN.
    Request Owner's contact information
    4636 Faronia Rd Memphis, TN 38116
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    Memphis, TN 38116
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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
    4636 Faronia Rd Memphis, TN 38116
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