114 Tillman St Memphis, TN 38111-2712
Property Lookup
Property profile & analytics
114 Tillman St Memphis, TN 38111-2712
- Individual retail properties
- 1,650 SF
- 0.19 lot acres
Property ID
US80-3464339
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.
Location Intelligence
Current Use by Public Records
- Super Suds Coin-Op Laundry / (Bike/Boat/Book/etc) Store
- Sudds & More Laundromat & Carwash / (Bike/Boat/Book/etc) Store
- Clean Dr / Physician
Property Details for 114 Tillman St
- Year built
- 2002
- Lot size
- 0.19 lot acres
- Property size
- 1,650 SF
- Zone code
- CMU-1
- Property type
- Individual retail properties
- APN
- 044-012- - -00014
- APU
- 4401200014
Description
This exceptional mixed-use property, located at 114 & 118 Tillman St in Memphis, Tennessee, presents a compelling investment opportunity. The property consists of two buildings totaling 1,650 to 3,000 square feet on a 0.75-acre lot, zoned CMU-1 (Commercial Mixed Use-1). Built in 2002 and extensively renovated in 2021, the buildings are in excellent condition. The property boasts a strong Net Operating Income (NOI) of $72,271, yielding an attractive 11.95% cap rate. The asking price is $605,000, translating to a land value of $101 per square foot. The property features a 100% ownership structure and was fully occupied as of May 17, 2022. This owner/user investment is ideal for those seeking a stable, high-return asset in a desirable Midtown Memphis location. The property's location offers excellent visibility and access to significant traffic. The buildings are single-story structures. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use property in a thriving Memphis neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9624
- Latitude
- 35.1347
- 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
$2,697
$15,160
$29,120
$44,280
-
$37,900
$72,800
$110,700
