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    Property profile & analytics

    1245 Germantown Pkwy Memphis, TN 38016

    • Retail properties
    • 146,626 SF
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • The Blue Room Restaurant / Restaurant

    Property Details for 1245 Germantown Pkwy

    Property size
    146,626 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional retail opportunity in Memphis, Tennessee, presents a 146,626 square foot, single-story building situated at 1245 N Germantown Pkwy, 38016, within the desirable Cordova, Germantown, Lakeland, Arlington submarket cluster. The property boasts a total of 424 parking spaces, offering ample convenience for customers. Currently, there are two suites available: a 17,000 square foot space, previously occupied by a fitness center, featuring an open floor plan, high ceilings, and ideal for various uses including fitness, sports, or open retail

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7969
    Latitude
    35.1594

    Comparable in this City

    • Value Estimation by Request

      1245 Germantown Pkwy

      Restaurants
      1245 Germantown Pkwy, Memphis, TN 38016
      View Details
    • Value Estimation by Request
      61,333 SF

      2362-2382 Germantown Pkwy

      Restaurants • 61,333 SF
      2362-2382 Germantown Pkwy, Memphis, TN 38016
      View Details
    • Value Estimation by Request

      2257 Germantown Pkwy

      Restaurants
      2257 Germantown Pkwy, Memphis, TN 38016
      View Details
    • Value Estimation by Request
      6,972 SF

      1250 Germantown Pkwy

      Restaurants • 6,972 SF
      1250 Germantown Pkwy, Memphis, TN 38016
      View Details
    • Value Estimation by Request
      837 SF

      8079 Trinity Rd

      Restaurants • 837 SF
      8079 Trinity Rd, Memphis, TN 38016
      View Details
    • Value Estimation by Request
      6,666 SF

      1645 Germantown Pkwy

      Medical offices • 6,666 SF
      1645 Germantown Pkwy, Memphis, TN 38016
      View Details

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      146,626 SF

      Germantown Parkway Retail Space

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      Cordova Retail Space For Rent

      Retail space available in Cordova, Tennessee anchored by Ace Hardware.
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      View Details
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    Memphis, TN 38016
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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
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