Individually Owned Property summary
This exceptional investment opportunity presents a 7,120-square-foot shopping center located at 1605-1609 Getwell Rd, Memphis, TN 38111. The property boasts 100% occupancy with a stable, long-term tenant, generating a strong net operating income (NOI) of $57,811 and a compelling 9.25% capitalization rate. Built in 1947, this single-story, 7,120 square-foot building sits on a 0.702-acre lot and is zoned for commercial use. The asking price is $625,000, translating to a price per square foot… of $87.78. This stabilized investment offers a secure and profitable return for discerning investors seeking a well-performing retail asset in a desirable Memphis location. The property's strong performance and consistent cash flow make it an attractive addition to any portfolio. The single-tenant occupancy simplifies management and minimizes vacancy risk. This is a rare opportunity to acquire a fully leased, high-performing retail property in a prime Memphis location. The property's solid financials and stable tenant base make it an ideal investment for those seeking long-term growth and passive income. The 0.702-acre lot provides ample space for potential future expansion or redevelopment. This is a turnkey investment ready to generate immediate returns.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 7,120 SF
- Lot area
- 0.7 ac
- Year built
- 1947
- Stories
- 1
- APN
- 058-082- - -00006-C
- Zoning
- CMU-1
- Assessed value · 2023
- $77,600
- Annual tax · 2022
- $4,727
- Office Building
- Auto Repair, Garage
- Apartment House (5+ Units)
- Retail Stores
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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