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Property profile & analytics

1715 Holmes Rd Memphis, TN 38116

  • Strip malls
  • 11,380 SF
  • 0.87 lot acres
Value Estimation
$430,000
Last Sale
Nov 01, 2022
$500,000
Location Intelligence
Property ID
US80-1709710
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

  • Strip malls

Property Details for 1715 Holmes Rd

Year built
1972
Lot size
0.87 lot acres
Property size
11,380 SF
Zone code
CMU-1
Property type
Strip malls
Property subtype
Neighborhood centers
APN
079-137- - -00084
APU
7913700084

Description

This exceptional 1,800-square-foot endcap suite, located at 1715 E Holmes Rd in Memphis, TN 38116, presents a fantastic opportunity for a variety of businesses. Situated in a thriving retail center, this property boasts high visibility and convenient access. The space is ideal for a traditional office setting or retail use, offering flexibility for diverse business needs. The suite includes two single bathrooms and a brand-new water heater, ensuring comfort and convenience. Ample parking is available with 50 surface parking spaces for customers and employees. The location is particularly advantageous, being adjacent to a school and apartment complexes, guaranteeing a steady flow of potential customers. The layout is well-suited for subletting, making it an attractive option for co-working spaces or businesses seeking to expand their operations. This endcap location offers unparalleled visibility and accessibility, making it an excellent choice for businesses seeking a prime location in a busy retail area. The property is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a desirable space in a high-traffic area of Memphis. Consider this space for an insurance agency, notary, tax services, boutique, or any business owner looking to transition from a home office.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $400,000
  • CAP approach

    CAP return
    Estimation
    6%
    $545,000
    6.5%
    $505,000
    7%
    $490,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $495,000
    Geo Method
    $555,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $550,000
    Retail
    $445,000
    Mixed-Use
    $555,000
    Hospitality
    $575,000
    Educational
    $515,000
    Residential Income
    $585,000
    Energy
    $575,000
    Income-Based Land
    $435,000
    Food Service
    $545,000

Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-90.0068
Latitude
35.006
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
2022
$10,366
$17,400
$152,760
$170,160
-
$43,500
$381,900
$425,400
More about this property
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