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Property profile & analytics

2320 Lamar Ave Memphis, TN 38114

  • Strip malls
  • 4,866 SF
  • 0.14 lot acres
Value Estimation
$225,000
Location Intelligence
Property ID
US80-3514181
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

  • All Memphis Same Day Flower Delivery / Florist

Property Details for 2320 Lamar Ave

Year built
1932
Lot size
0.14 lot acres
Property size
4,866 SF
Zone code
CMU-3
Property type
Strip malls
Property subtype
Neighborhood centers
APN
047-022- - -00002
APU
4702200002

Description

This exceptional 2,400 square foot retail space is ideally situated at the highly visible corner of Lamar Avenue and Airways Boulevard in Shelby County. The property offers a single-tenant occupancy, perfect for a variety of retail or restaurant concepts. The building boasts recently added parking directly in front, ensuring convenient access for customers. This prime location benefits from significant traffic volume, with Lamar Avenue boasting an average annual daily traffic (AADT) of 25,819 vehicles and Airways Boulevard registering an AADT of 24,165 vehicles. The signalized intersection provides excellent visibility and accessibility. The entire 2,400 square feet is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a high-traffic location with ample parking in a thriving area. The property's strategic placement at a busy intersection guarantees significant exposure to potential customers, making it an ideal investment for a business looking to establish a strong presence in a high-traffic area. The space is classified as retail, suitable for a wide range of businesses. The single-tenant occupancy provides flexibility and control. Don't miss this chance to secure a prominent retail location in a prime commercial area.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $195,000
  • CAP approach

    CAP return
    Estimation
    6%
    $240,000
    6.5%
    $250,000
    7%
    $250,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $255,000
    Geo Method
    $295,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $285,000
    Retail
    $250,000
    Mixed-Use
    $260,000
    Hospitality
    $235,000
    Educational
    $270,000
    Residential Income
    $275,000
    Energy
    $275,000
    Income-Based Land
    $275,000
    Food Service
    $240,000

Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-89.9853
Latitude
35.1054
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
$4,937
$7,400
$73,640
$81,040
-
$18,500
$184,100
$202,600
More about this property
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