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Property profile & analytics
OFF-MARKET Estimated value $2,100,000
Strip malls

12 Mclean Blvd Memphis, TN 38104-2758

13,329 SF 0.87 ac lot Built 1967
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US80-1773932
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1967
Total area 13,329 SF
Lot 0.87 ac (37,767 SF)
Zoning code CMU-3
APN 017-052- - -00023-C
UPID US80-1773932
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.47M
Comparable Approach Comparable
$1.54M
Blend (final) Blend
$2.10M
Owner & transaction history
Midtown Bt LLC · 1 yrs held
Midtown Bt LLC
since 2025
Last sale
$2.2M
3 recorded transactions
2025
$2.2M
2008
$600,000
1969
Price N/A
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Residential uses are allowed on the ground floor but upper -story units are encouraged. Typical uses in this…

Zone name Commercial Mixed Use 3
General category MIXED_USE
Zone area 4,582.25 ac
Source CHAPTER 1
Top alternative use upside
Restaurant $2.1M +118.7%
Medical building $1.9M +94.9%
Retail stores $1.6M +64.0%
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