Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9959 Winchester Rd Collierville, TN 38017
    Back to Search
    Property profile & analytics

    9959 Winchester Rd Collierville, TN 38017

    View on Map
    • Specialty properties
    • 10,594 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Amrutha Vilas / Restaurant
    • Burnett Portable Toilet Company / Building Supply
    • VSl Nails Spa Collierville- Houston Levee / Nail Salon

    Property Details for 9959 Winchester Rd

    Year built
    2021
    Property size
    10,594 SF
    Property type
    Specialty properties
    Property subtype
    Airport retail

    Description

    This exceptional Class A retail space, totaling 1,340 square feet, is available for lease within the Houston Levee Market at 9959 Winchester Rd, Collierville, TN 38017. Located in a thriving shopping center completed in late 2021, this property offers unparalleled visibility and accessibility. The building itself is a single-story structure with a total of 10,594 square feet, featuring 88 parking spaces for ample customer convenience. The space is part of a multi-tenant building and benefits from a strong power supply provided by MLGW. Its strategic location on Winchester Road, near the intersection of Houston Levee, ensures high traffic volume, with over 30,000 cars passing daily. The surrounding area boasts a high average household income exceeding $150,000 within a 3-mile radius, indicating a strong consumer base. This location offers immediate proximity to major retailers such as Kroger, Pier One, Walgreens, Pyros, Starbucks, McDonald's, and Newks, creating a synergistic retail environment. The space is ideal for retail or service businesses and is ready for immediate occupancy. Minimum divisible space is 1,340 square feet.

    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
    -89.7327
    Latitude
    35.0466

    Comparable in this City

    • Value Estimation by Request
      929 SF

      258 Center St

      Office Units • 929 SF
      258 Center St, Collierville, TN 38017
      View Details
    • Value Estimation by Request
      8,804 SF

      965 Winchester Blvd

      Neighborhood centers • 8,804 SF
      965 Winchester Blvd, Collierville, TN 38017
      View Details
    • Value Estimation by Request
      42,304 SF

      777 Poplar Ave

      Lifestyle centers • 42,304 SF
      777 Poplar Ave, Collierville, TN 38017
      View Details
    • Value Estimation by Request
      91,683 SF

      4674 Merchants Park Cir

      Lifestyle centers • 91,683 SF
      4674 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Value Estimation by Request
      10,815 SF

      1204 Poplar Ave

      Lifestyle centers • 10,815 SF
      1204 Poplar Ave, Collierville, TN 38017
      View Details
    • Value Estimation by Request
      2,511 SF

      3559 Rokeby Farm Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,511 SF
      3559 Rokeby Farm Ln, Collierville, TN 38017
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,000 SF

      Prime Commercial Property in Collierville

      Modern, flexible commercial space in a thriving Collierville community.
      166 Neely St, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Premier Shopping Center Space

      150,000 SF space in a thriving Collierville shopping center.
      4660 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing

      Retail Power Center Near Memphis

      18,000+ SF retail center near Germantown and Collierville.
      3615 South Houston Levee Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Mixed-Use Development Opportunity

      Proposed mixed-use development with retail and outparcel opportunities.
      385 & Houston Levee Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Mixed-Use Development Opportunity

      Land available for mixed-use development in Collierville, Tennessee.
      385 & Houston Levee Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Premier Collierville Shopping Center Space

      Prime retail and restaurant spaces available in Collierville, Tennessee.
      4674 Merchants Park Cir, Collierville, TN 38017
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      929 SF

      Collierville Creative Office Space

      Charming renovated office, ideal location.
      258 Center St, Collierville, TN 38017
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Collierville Center

      Retail spaces available in a busy Collierville shopping center.
      1016 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing

      Retail Center in Affluent Area

      73,000 SF retail center in Germantown/Collierville border.
      Houston Levee Rd & Wolf Riv Blvd, Collierville, TN 38017
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space in Collierville Center

      Retail space available in Collierville shopping center for lease.
      2140 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing
      6,975 SF

      Retail Space in Carriage Crossing

      Retail space available in a thriving lifestyle center.
      4670-4674 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Retail Space For Lease

      New retail building with drive-thru potential near high school.
      E Shelby Dr, 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.
    9959 Winchester Rd
    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
    9959 Winchester Rd, 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!