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    Hollywood St Memphis, TN 38127
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    Hollywood St Memphis, TN 38127

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    • Land
    • 0.79 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hollywood St

    Lot size
    0.79 lot acres
    Property type
    Land

    Description

    This exceptional 0.79-acre commercial land parcel presents a unique investment opportunity in Memphis, Tennessee. Strategically located on North Hollywood Street in Shelby County, zip code 38127, this property enjoys high visibility and accessibility, situated just off Interstate 40's Exit 5 ramp. The site is ideally positioned within the thriving Frayser Trade Area, benefiting from the proximity to major employers. Specifically, it's less than 2.5 miles from the Nike North America Logistics Campus, employing over 2,600 people, and approximately 3.6 miles from an Amazon Fulfillment Center with a workforce exceeding 2,000. This prime location ensures significant traffic exposure, with high daily traffic counts on both Interstate 40 (112,640 vehicles) and North Hollywood Street itself (27,280 vehicles). The property is available for sale, ground lease, or build-to-suit options, providing flexibility for various development scenarios. This presents a compelling opportunity for investors and developers seeking a well-located parcel in a rapidly growing area with strong employment demographics and excellent transportation links. The property's size and location make it suitable for a wide range of commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9754
    Latitude
    35.1755

    Comparable in this City

    • Value Estimation by Request

      2777 Frayser Blvd

      Land
      2777 Frayser Blvd, Memphis, TN 38127
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      21.00 Acres

      2549 Hollywood St

      Land • 21.00 Acres
      2549 Hollywood St, Memphis, TN 38127
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    • Value Estimation by Request

      Hollywood St

      Land
      0 Hollywood St, Memphis, TN 38127
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    • Value Estimation by Request

      Frayser Blvd

      Land
      0 Frayser Blvd, Memphis, TN 38127
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      3.05 Acres

      4151 Thomas St

      Land • 3.05 Acres
      4151 Thomas St, Memphis, TN 38127
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    • Value Estimation by Request
      28.29 Acres

      Range Line Rd & Frayser Blvd

      Land • 28.29 Acres
      0 Range Line Rd & Frayser Blvd, Memphis, TN 38127
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    Similar Nearby for Sale

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      Land Package in Memphis

      Three parcels of land for sale as a package.
      877 Whitney Ave, Memphis, TN 38127
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      0.33 Acres

      Land Package in Memphis, TN

      Three parcels of land for sale as a package.
      877 Whitney Ave, Memphis, TN 38127
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      0.74 Acres

      Land Package in Memphis, TN

      Three parcels of land for sale as a package.
      883 Whitney Ave, Memphis, TN 38127
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    • $100,000
      2 SF

      Land Parcel Near Interstate 40

      Two parcels totaling 2.4 acres near Interstate 40.
      655 Whitney Ave, Memphis, TN 38127
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    • Contact for pricing
      0.40 Acres

      Land Package in Memphis, TN

      Three parcels of land for sale as a package.
      2955 Northgate St, Memphis, TN 38127
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    • $100,000

      2.4 AC Land Parcels

      Two land parcels totaling 2.4 AC in northwest Memphis.
      655 Whitney Ave, Memphis, TN 38127
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    Similar Nearby for Lease

    • Contact for pricing

      Frayser Trade Area Parcel

      0.79 acre parcel in Frayser Trade Area.
      N Hollywood St, Memphis, TN 38127
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease with high traffic counts.
      2632 Frayser Blvd, Memphis, TN 38127
      View Details
    • Contact for pricing

      Frayser Boulevard Retail Space Available

      Kroger-anchored shopping center with available spaces and outparcel.
      2575-2632 Frayser Blvd, Memphis, TN 38127
      View Details
    • Contact for pricing
      5,777 SF

      Retail Spaces in High-Traffic Area

      Retail spaces available near Nike and Amazon distribution centers.
      2570-2590 Frayser Blvd, Memphis, TN 38127
      View Details
    • Contact for pricing
      60,000 SF

      Industrial Warehouse Space Available

      60,000 SF industrial space for lease in Memphis.
      1332 Dellwood Ave, Memphis, TN 38127
      View Details
    • Contact for pricing

      Retail Space in Shopping Center

      Retail space available in high-traffic shopping center.
      3150 Thomas St, Memphis, TN 38127
      View Details
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    Hollywood St
    Memphis, TN 38127
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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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