Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    500 Market Blvd Collierville, TN 38017
    Property profile & analytics

    500 Market Blvd, Collierville, TN 38017

    View on Map
    • Land
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 500 Market Blvd

    Lot size
    0.50 lot acres
    Property type
    Land

    Description

    This exceptional 0.5 to 8.4-acre commercial land parcel presents a unique investment opportunity in the thriving Collierville, Tennessee market. Ideally situated adjacent to the Malco Collierville Towne Cinema and Baptist Medical Group, this property benefits from significant existing foot traffic and high visibility. The property's zoning allows for a variety of commercial uses, including Shopping Center Commercial (SCC), Mixed-Use (MPO), and Daycare facilities, offering flexibility for diverse development plans. A key advantage is the planned extension of Civic Center Drive, which will directly impact this property, creating additional road frontage and significantly increasing traffic flow. This strategic location, combined with the versatile zoning and the upcoming road improvement, positions this land for substantial future growth and return on investment. The address is 500 Market Blvd, Collierville, TN 38017, within Shelby County. The property's size and location make it an attractive prospect for developers seeking a prime site in a rapidly expanding area. This is a rare opportunity to acquire a large commercial parcel in a high-demand location with excellent access and visibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.6941
    Latitude
    35.0525

    Comparable in this City

    • Value Estimation by Request
      1.85 Acres

      Highway 72

      Land
      0 Highway 72, Collierville, TN 38017
      View Details
    • Value Estimation by Request
      43.60 Acres

      4625 Houston Levee Rd

      Land
      4625 Houston Levee Rd, Collierville, TN 38017
      View Details
    • Value Estimation by Request
      3.01 Acres

      855 Winchester Blvd

      Land
      855 Winchester Blvd, Collierville, TN 38017
      View Details
    • Value Estimation by Request
      1.00 Acre

      385 & Houston Levee Rd

      Land
      385 & Houston Levee Rd, Collierville, TN 38017
      View Details
    • Value Estimation by Request
      26.00 Acres

      4097 Bailey Station Rd

      Land
      4097 Bailey Station Rd, Collierville, TN 38017
      View Details
    • Value Estimation by Request
      40.00 Acres

      Poplar Ave & Byhalia Rd

      Land
      0 Poplar Ave & Byhalia Rd, Collierville, TN 38017
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Collierville, TN

      Land for sale at 380 Market Blvd, Collierville, TN.
      380 Market Blvd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      660 S Mount Pleasant Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Land Available in Collierville, TN

      Land for sale in Collierville, Tennessee.
      12820 Mags Ln, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Land Parcel For Sale

      4.13 acre land parcel with industrial zoning potential.
      660 S Mount Pleasant Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Land For Sale Collierville

      Land available for sale in Collierville, Tennessee.
      Holmes Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Land For Sale Collierville

      Land available for purchase in Collierville, Tennessee.
      Wolf River Blvd, Collierville, TN 38017
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      1048 W Poplar Ave, Collierville, TN 38017

      Commercial land
      1048 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      18-acre parcel suitable for retail, office, or medical development.
      1332-1466 Us Highway 72, Collierville, TN 38017
      View Details
    • Contact for pricing

      Commercial Land For Lease

      70 acres of retail and industrial zoned land available.
      500-598 S Byhalia Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Poplar Avenue Commercial Parcel

      Commercial parcel for lease on Poplar Avenue in Collierville.
      1048 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing

      Retail Spaces in Collierville Center

      Retail spaces available in shopping center near Walmart Supercenter.
      622 W Poplar Ave, Collierville, TN 38017
      View Details
    • $32 SF/Yr
      929 SF

      Collierville Creative Office Space

      Charming renovated office, ideal location.
      258 Center St, Collierville, TN 38017
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Market Blvd
    Collierville, TN 38017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    500 Market Blvd, Collierville, TN, 38017
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!