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    3150 Thomas St Memphis, TN 38127

    Sponsored
    For Lease
    $4 SF/Yr

    High-traffic Memphis retail center, 6 spaces available.

    Lot size:
    153,466 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Northgate Shopping Center, located at 3150 Thomas St, Memphis, TN 38127, presents a compelling retail investment opportunity. This Class B shopping center, totaling 153,466 square feet, offers multiple tenancy options across four buildings. Built in 1963 and renovated in 2014, the property boasts excellent visibility and accessibility, situated on a high-traffic road with convenient access at a traffic signal. Available spaces range from a minimum of 755 square feet to a maximum contiguous space of 17,065 square feet, providing flexibility for a variety of retail businesses. The center benefits from a strong tenant mix, including established businesses such as Gordin's Butcher Shoppe, AutoZone, Subway, and Bestway Rent to Own, alongside other local businesses like a nail salon, beauty supply store, and an eye doctor. The property is located in Shelby County, near the intersection of Thomas Street and Whitney Street. This well-established shopping center offers a unique opportunity to capitalize on a prime Memphis location with a diverse and successful tenant base.

    Property Features for 3150 Thomas St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    153,466 SF
    Class
    B
    Total Rate
    51155.33

    Building Details

    Year Built/Renovated
    1963/2014
    Buildings
    4

    Unit(s) available at that property

    Space
    NG 3154
    Size
    3,575 SF
    Rate per SF
    $6
    Space
    NG 3156
    Size
    6,820 SF
    Rate per SF
    $9
    Space
    NG 3160
    Size
    17,065 SF
    Rate per SF
    $4
    Space
    NG 3134 A
    Size
    4,319 SF
    Rate per SF
    $6
    Space
    NG 3228
    Size
    800 SF
    Rate per SF
    $12
    Space
    NG 3180
    Size
    2,464 SF
    Rate per SF
    $7

    HighLights

    • Move‑in ready spaces in a well‑maintained building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -90.031244338594
    Latitude
    35.212218842533

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic Memphis retail center, 6 spaces available.
    Where is this lifestyle center located?
    The property is located at 3150 Thomas St Memphis, TN.
    What is the lease rate?
    The lease rate is $4-$12 SF/Yr.
    What are key features of this property?
    This property features: Move-in ready spaces in a well-maintained building.; ;
    Request Owner's contact information
    3150 Thomas St Memphis, TN 38127
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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
    3150 Thomas St Memphis, TN 38127
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