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Property profile & analytics

650 S Service Rd West Memphis, AR 72301

  • Strip malls
  • 28,746 SF
  • 3.11 lot acres
For Lease
Last Sale
Oct 15, 2024
$4,400,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US05-0313427
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Hi Nails / Beauty Salon / Nail Salon
  • Street Gear West Memphis / Clothing Store
  • Mi Pueblo West Memphis / Mexican Restaurant / Restaurant
  • AT&T - Internet Service Provider / Internet Service Provider
  • Lucky buffet / Buffet Restaurant

Property Details for 650 S Service Rd

Year built
2011
Lot size
3.11 lot acres
Property size
28,746 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
353530000000
APU
353530000000

Description

This exceptional 30,014 square-foot shopping center in West Memphis, Arkansas, presents a compelling investment opportunity. Located directly across from a high-performing Walmart Supercenter with over 2.7 million annual visits, this property boasts excellent visibility and accessibility at the I-40 & I-55 interchange, experiencing over 100,000 vehicles daily. The 100% occupied center features eight tenants, including a mix of national, regional, and local businesses, all operating under triple-net (NNN) leases, ensuring stable and predictable cash flow. Built in 2010, the single-story building sits on a 3.11-acre lot and benefits from staggered lease expirations and rent bumps. The diverse tenant mix includes restaurants, telecommunications, and apparel businesses. The property's strategic location, less than 10 miles from downtown Memphis, TN, and near major amenities, further enhances its value. With a 9.00% cap rate and a current NOI of $437,198, this stabilized, multi-tenant retail investment offers significant potential for future growth, particularly given that some tenants are currently paying below-market rents. The asking price is $4,860,000. This is a rare opportunity to acquire a dominant retail center in a thriving market.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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


Location Insight

  • Map
  • Local Demand
City
West Memphis
County
Crittenden
State
Arkansas
Longitude
-90.1992
Latitude
35.1673
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$56,608
$230,300
$762,690
$992,990
-
$1,151,500
$3,813,450
$4,964,950
More about this property
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