Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    103 Ctr St Collierville, TN 38017-2615
    Back to Search
    Property profile & analytics

    103 Ctr St, Collierville, TN 38017-2615

    View on Map
    • Retail space
    • 5,760 SF
    • 0.13 lot acres
    Off-Market
    Last Sale Aug 26, 2022
    $5,000
    Property ID
    US80-3174760
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Square Beans Coffee / Cafe & Coffee Shop

    Property Details for 103 Ctr St

    Year built
    1897
    Lot size
    0.13 lot acres
    Zone code
    CB
    Property type
    Retail space
    APN
    C02-44 - - -00265
    APU
    C024400265

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 26, 2022 $5,000 Charles Alexander Hall Paige Mounce Wright Special Warranty Deed —
    May 21, 2018 — Parr Investment Co LLC — Deed · related $585k · Bancorpsouth
    May 8, 2013 — Parr Investment Co LLC — Trustees Deed · related $585k · Bancorp South Bank
    Nov 3, 2008 — Parr Investment Co LLC Parr,william H Quit Claim Deed · related —
    Mar 12, 2008 $375,000 William H Parr Parr Ents Warranty Deed · related —
    — — William H Parr — Deed Of Trust · related $300k · Cadence Bank
    — — Parr Investment Co LLC — Loan Modification · related $585k · Bancorpsouth

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.6659
    Latitude
    35.0428
    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
    $5,207
    $14,720
    $84,840
    $99,560
    -
    $36,800
    $212,100
    $248,900

    Comparable in this City

    • Value Estimation by Request
      2,240 SF

      112 Main St

      RETAIL STORES (PERSONAL SERVICES)
      112 Main St, Collierville, TN 38017-2618
      View Details
    • Value Estimation
      $1,095,000
      8,250 SF

      3555 Houston Levee Rd

      RETAIL STORES (PERSONAL SERVICES)
      3555 Houston Levee Rd, Collierville, TN 38017-9222
      View Details
    • Value Estimation by Request
      2,501 SF

      120 Main St

      RETAIL STORES (PERSONAL SERVICES)
      120 Main St, Collierville, TN 38017-2618
      View Details
    • Value Estimation by Request
      3,190 SF

      128 Mulberry St

      RETAIL STORES (PERSONAL SERVICES)
      128 Mulberry St, Collierville, TN 38017-2675
      View Details
    • Value Estimation
      $1,890,000
      14,488 SF

      824 Poplar Ave

      RETAIL STORES (PERSONAL SERVICES)
      824 Poplar Ave, Collierville, TN 38017-2579
      View Details
    • Value Estimation by Request
      2,070 SF

      115 Us Hwy 72

      RETAIL STORES (PERSONAL SERVICES)
      115 Us Hwy 72, Collierville, TN 38017-2917
      View Details

    Similar Nearby for Sale

    • $350,000
      1,600 SF

      Historic Shelby County Commercial Space

      Versatile commercial space in Shelby County, ready for its next chapter.
      12017 Macon Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Mixed-Use Development in Collierville, TN

      11.5-acre mixed-use development with retail, multifamily, and hotel potential.
      4400 South Houston Levee Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Retail Building Near Interstate

      10,731 SF retail building near Carriage Crossing shopping center.
      10210 Collierville Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Retail Building on Poplar Avenue

      46,436 SF retail building in Collierville for sale.
      1329-1337 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing

      Premier Collierville Shopping Center Space

      Prime retail and restaurant spaces available in Collierville, Tennessee.
      4674 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Premier Shopping Center Space

      150,000 SF space in a thriving Collierville shopping center.
      4660 Merchants Park Cir, Collierville, TN 38017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Collierville Center

      Retail spaces available in a busy Collierville shopping center.
      1016 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing
      6,975 SF

      Retail Space in Carriage Crossing

      Retail space available in a thriving lifestyle center.
      4670-4674 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Carriage Crossing

      Thriving lifestyle center with retail and professional services tenants.
      4600 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing
      2,366 SF

      Retail Space on Poplar Avenue

      Retail space for lease in Collierville's Schilling Farms.
      1337 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing
      1,876 SF

      Retail Space in Carriage Crossing

      Thriving lifestyle center with retail and professional services tenants.
      4650 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing
      3,482 SF

      Retail Space in Carriage Crossing

      Retail space in a thriving lifestyle center, near hotels.
      4610 Merchants Park Cir, Collierville, TN 38017
      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.
    103 Ctr St
    Collierville, TN 38017-2615
    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
    103 Ctr St, Collierville, TN, 38017
    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!