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    4619 American Way Memphis, TN 38118
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    4619 American Way Memphis, TN 38118

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    • Neighborhood centers
    • 104,042 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Extreme Wear / Clothing & Fashion Store

    Property Details for 4619 American Way

    Property size
    104,042 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    American Way Plaza, a vibrant retail strip center in Memphis, Tennessee, offers exceptional opportunities for businesses seeking high-visibility locations. This 104,042 square foot property boasts a prime location at the hard corner of South Perkins Road and American Way, benefiting from significant traffic counts (South Perkins Road: 21,717 AADT

    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
    -89.902
    Latitude
    35.1103

    Comparable in this City

    • Value Estimation by Request
      3,149 SF

      3607 Lamar Ave

      SHOPPING CENTER, STRIP CENTER • 3,149 SF
      3607 Lamar Ave, Memphis, TN 38118-2803
      View Details
    • Value Estimation
      $755,000
      25,000 SF

      4312 Winchester Rd

      SHOPPING CENTER, STRIP CENTER • 25,000 SF
      4312 Winchester Rd, Memphis, TN 38118-6243
      View Details
    • Value Estimation
      $1,600,000
      16,200 SF

      4610 Winchester Rd

      SHOPPING CENTER, STRIP CENTER • 16,200 SF
      4610 Winchester Rd, Memphis, TN 38118-5243
      View Details
    • Value Estimation
      $810,000
      42,861 SF

      4771 Perkins Rd

      SHOPPING CENTER, STRIP CENTER • 42,861 SF
      4771 Perkins Rd, Memphis, TN 38118
      View Details
    • Value Estimation by Request
      7,200 SF

      4625 Winchester Rd

      SHOPPING CENTER, STRIP CENTER • 7,200 SF
      4625 Winchester Rd, Memphis, TN 38118-5212
      View Details
    • Value Estimation
      $565,000
      14,750 SF

      3311 Winchester Rd

      SHOPPING CENTER, STRIP CENTER • 14,750 SF
      3311 Winchester Rd, Memphis, TN 38118
      View Details

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    • $515,000

      Versatile Retail Space on Corner Lot

      Retail space suitable for various businesses on a busy corner.
      3745 Outland Rd, Memphis, TN 38118
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      Versatile Industrial Property For Sale

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    • $500,000

      Versatile Commercial Property, Memphis

      Adaptable commercial building suitable for various business types.
      3614 S Perkins Rd, Memphis, TN 38118
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    • $450,000
      3,600 SF

      Corner Lot Commercial Space

      3600 SF commercial space on corner lot near I-240.
      3880 Lamar Ave, Memphis, TN 38118
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    Similar Nearby for Lease

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      Grocery Anchored Power Center

      Newly renovated shopping center at a busy intersection.
      3099 S Perkins Rd, Memphis, TN 38118
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    • Contact for pricing
      7,125 SF

      Retail Space in Memphis Center

      Retail space anchored by Memphis Merit Academy.
      4075 American Way, Memphis, TN 38118
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      16,400 SF

      Retail Space in Parkway Village

      Retail space for lease in a high-traffic Memphis corridor.
      4657-4701 Knight Arnold Rd, Memphis, TN 38118
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    • Contact for pricing
      4,160 SF

      Retail Space on Hard Corner

      Retail property on a hard corner with high traffic.
      4615-4685 American Way, Memphis, TN 38118
      View Details
    • Contact for pricing

      Retail Building For Sublease

      7,545 SF freestanding retail building on 0.87 acres.
      3632 Winplace Rd, Memphis, TN 38118
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      17,220 SF

      Memphis Warehouse with Road Visibility

      17,220 SF warehouse with signage opportunity on Democrat Road.
      2899 Business Park Dr, Memphis, TN 38118
      View Details
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    4619 American Way
    Memphis, TN 38118
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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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