Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    590 Germantown Pkwy Memphis, TN 38018
    Back to Search
    Property profile & analytics

    590 Germantown Pkwy, Memphis, TN 38018

    View on Map
    • Retail properties & Spaces
    • 35,767 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 590 Germantown Pkwy

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail storefront opportunity is located at 590 N Germantown Pkwy, Memphis, TN 38018, in Shelby County. The property boasts a substantial 35,767 square feet of net rentable space within a single building situated on a sizable 3.03-acre lot. Currently vacant with an occupancy date of February 11, 2025, this Class B property presents a unique owner/user investment opportunity. Its strategic location on a high-volume traffic road near the intersection of Germantown Parkway and Trinity ensures excellent visibility and accessibility. The property features two convenient loading docks at the rear, providing efficient logistical support for operations. Ample parking is available for customers and employees, enhancing the overall convenience and appeal of the location. High-impact signage on Germantown Parkway offers significant branding potential. This property is ideal for a business seeking a large, well-located space with excellent visibility and ample parking in a thriving Memphis commercial area. The property is ready for immediate development and customization to suit a wide range of retail businesses. Don't miss this chance to secure a prime retail location in a high-traffic area of Memphis.

    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
    -89.7939
    Latitude
    35.1412

    Comparable in this City

    • Value Estimation by Request
      345,767 SF

      590 Germantown Pkwy

      Individual retail properties
      590 Germantown Pkwy, Memphis, TN 38018
      View Details
    • Value Estimation by Request
      28,130 SF

      8130 Macon Sta At Cordova Sta

      Individual retail properties
      8130 Macon Sta At Cordova Sta, Memphis, TN 38018
      View Details
    • Value Estimation
      $3,505,000
      15,406 SF

      9028 Walnut Grv Rd

      RETAIL STORES (PERSONAL SERVICES)
      9028 Walnut Grv Rd, Cordova, TN 38018-7469
      View Details
    • Value Estimation by Request
      8,736 SF

      8567 Macon Rd

      RETAIL STORES (PERSONAL SERVICES)
      8567 Macon Rd, Cordova, TN 38018-6102
      View Details
    • Value Estimation
      $1,385,000
      9,428 SF

      932 Germantown Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      932 Germantown Pkwy, Cordova, TN 38018-6217
      View Details
    • Value Estimation
      $1,315,000
      15,353 SF

      8046 Macon Rd

      RETAIL STORES (PERSONAL SERVICES)
      8046 Macon Rd, Cordova, TN 38018-8531
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      868 SF

      Retail Space Near Kroger

      Retail space for sale in prime location near Kroger.
      8079 Trinity Rd, Memphis, TN 38018
      View Details
    • $700,000

      Retail Property Near Kroger

      Retail property for sale in prime location near Kroger.
      8079 Trinity Rd, Cordova, TN 38018
      View Details
    • Contact for pricing

      Retail Space on Germantown Parkway

      1,500 SF retail space in high-traffic Germantown Parkway corridor.
      1010 North Germantown Pkwy, Memphis, TN 38018
      View Details
    • Contact for pricing

      Retail Building on Germantown Parkway

      15,100 SF retail building on a busy thoroughfare.
      584 North Germantown Pkwy, Memphis, TN 38018
      View Details
    • Contact for pricing

      Premium Retail Center For Sale

      22,000 SF retail center in a bustling Cordova location.
      465 North Germantown Pkwy, Memphis, TN 38018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,996 SF

      Germantown Retail or Office Space

      2,845 SF retail or office space available for lease.
      420 S Germantown Pkwy, Germantown, TN 38018
      View Details
    • Contact for pricing
      3,636 SF

      Retail Space in Cordova

      Retail space available for rent in Cordova, Tennessee.
      8100 Macon Station Dr, Cordova, TN 38018
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Germantown Parkway

      Retail space available at N Germantown Parkway and Macon Rd.
      1010-1034 N Germantown Pkwy, Cordova, TN 38018
      View Details
    • Contact for pricing
      1,463 SF

      Retail Space in Cordova, TN

      Retail space available for lease in Cordova, Tennessee.
      750 N Germantown Pkwy, Cordova, TN 38018
      View Details
    • Contact for pricing
      1,500 SF

      Restaurant/Retail Space Near Germantown Parkway

      Former restaurant space available for lease near Germantown Parkway.
      8095 Macon Rd, Cordova, TN 38018
      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.
    590 Germantown Pkwy
    Memphis, TN 38018
    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
    590 Germantown Pkwy, Memphis, TN, 38018
    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!