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    7948 Winchester Rd Memphis, TN 38125

    Sponsored
    For Lease
    $22 SF/Yr

    High-Visibility Retail Suites Available

    Lot size:
    33,774 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    Winchester Commons offers exceptional retail space in a thriving Shelby County location. This single-story, Class B commercial property boasts a total of 33,774 square feet, with 3,600 square feet currently available for lease. Built in 1998, the property sits on 6.7 acres of land and features ample parking with 200 spaces. Its strategic location within a Kroger-anchored shopping center ensures high visibility and significant foot traffic. The property benefits from excellent exposure, experiencing over 33,000 vehicles per day, making it an ideal location for businesses seeking maximum brand awareness. The CMU-2 zoning allows for a variety of commercial uses. This multi-tenant property presents a unique opportunity for businesses seeking a well-established and highly visible location. The available space is perfect for restaurants or other retail establishments looking to capitalize on the high traffic count and strong anchor tenant. The property's convenient access to Highway 385 further enhances its appeal and accessibility for customers and employees. Don't miss this chance to secure prime retail space in a bustling commercial center.

    Property Features for 7948 Winchester Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,774 SF
    Class
    B
    Total Rate
    61919

    Building Details

    Year Built
    1998
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 9
    Size
    2,053 SF
    Rate per SF
    $22

    HighLights

    • 33,774 SF retail center in Shelby County.
    • Two suites totaling 3,600 SF currently available.
    • Located in a Kroger‑anchored shopping center at a signalized intersection.
    • High visibility with over 33,000 vehicles per day.
    • Easy access to Hwy 385.
    • 6.7 acres of land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Perfect Eyebrows and Spa Eyebrow Bar CoinFlip Buy and Sell ... Atm JR Fish and Chicken ... Fast Food Restaurant Kurt Holmes Dentist VSL Nails Spa ... Nail Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.796922247771
    Latitude
    35.049644908416

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    FAQs

    What type of property is this?
    Retail property - High-Visibility Retail Suites Available
    Where is this retail property located?
    The property is located at 7948 Winchester Rd Memphis, TN.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 33,774 SF retail center in Shelby County.; Two suites totaling 3,600 SF currently available.; Located in a Kroger-anchored shopping center at a signalized intersection.
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    7948 Winchester Rd Memphis, TN 38125
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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
    7948 Winchester Rd Memphis, TN 38125
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