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    7930 Germantown Pkwy Memphis, TN 38133

    • Retail properties
    • 668,089 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Commons / Shopping Center & Mall
    • Memphis Commons / Shopping Center & Mall
    • CWT / Travel Agency
    • Foot Haven / Alternative Medicine Practice / Spa & Massage Center
    • Spirit Halloween / (Bike/Boat/Book/etc) Store

    Property Details for 7930 Germantown Pkwy

    Property size
    668,089 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    The Commons at Wolfcreek, a premier 668,089 square foot power center in Memphis, Tennessee, offers exceptional retail opportunities within the thriving Wolfchase Trade Area. This multi-tenant property boasts 13 available spaces, ranging from a minimum of 1,440 square feet to a maximum contiguous space of 29,446 square feet. A significant 91,638 square feet of vacant space is currently available for lease, providing flexibility for businesses of various sizes. Strategically located at 7930 Germantown Parkway, in Shelby County, zip code 38133, this property enjoys a high-traffic location directly across from the Wolfchase Galleria Mall, ensuring maximum visibility and accessibility for potential customers. The property's prime location and substantial space make it an ideal investment for businesses seeking a prominent presence in a bustling retail environment. This storefront retail space presents a unique opportunity to establish or expand your business in a high-demand area of Memphis. Contact us today to learn more about the available spaces and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7945
    Latitude
    35.2035

    Comparable in this City

    • Value Estimation by Request
      1,840 SF

      7603 Us-70

      Individual retail properties • 1,840 SF
      7603 Us-70, Bartlett, TN 38133
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    • Value Estimation by Request
      1,840 SF

      7603 Us-70

      Individual retail properties • 1,840 SF
      7603 Us-70, Bartlett, TN 38133
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    • Value Estimation
      $915,000
      9,840 SF

      2085 Whitten Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,840 SF
      2085 Whitten Rd, Memphis, TN 38133-6003
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    • Value Estimation by Request
      6,300 SF

      6989 Stage Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,300 SF
      6989 Stage Rd, Memphis, TN 38133-3922
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    • Value Estimation by Request
      4,208 SF

      7811 Us Hwy 70

      RETAIL STORES (PERSONAL SERVICES) • 4,208 SF
      7811 Us Hwy 70, Bartlett, TN 38133-2002
      View Details
    • Value Estimation
      $830,000
      11,820 SF

      7585 Us Hwy 64

      RETAIL STORES (PERSONAL SERVICES) • 11,820 SF
      7585 Us Hwy 64, Bartlett, TN 38133-3905
      View Details

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    Similar Nearby for Lease

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      668,089 SF

      The Commons at Wolfcreek: Memphis Retail

      Prime Memphis retail space available.
      7930 Germantown Pkwy, Memphis, TN 38133
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      Retail Space in Prime Location

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      Germantown Retail or Office Space

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      Retail space available in the Wolf Run Plaza shopping center.
      7980 Hwy, Bartlett, TN 38133
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    Memphis, TN 38133
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    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
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