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Property profile & analytics

1344 Shelby Dr Memphis, TN 38116-7126

  • Retail space
  • 1,947 SF
  • 0.99 lot acres
OFF-MARKET
Value Estimations
$230,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US80-1496358
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

  • Michael Mccarty / Optometrist
  • Eye Catchers Beauty and Barber / Barber Shop

Property Details for 1344 Shelby Dr

Year built
1969
Lot size
0.99 lot acres
Property size
1,947 SF
Zone code
CMU-1
Property type
Retail space
APN
079-050- - -00051-C
APU
07905000051C

Description

This exceptional 1,530-square-foot freestanding retail building is ideally situated at 1344 E. Shelby Dr in Memphis, Tennessee, within the rapidly growing Whitehaven area. The property boasts a single-tenant occupancy and is perfect for a variety of retail uses. Its previous occupants included a hair salon and an optometrist, demonstrating its versatility. The building benefits from ample shared parking, accommodating a significant number of customers and employees. This location offers excellent visibility and accessibility, with nearby established businesses such as AutoZone, Starbucks, and Guthries. The surrounding area is experiencing significant development, including two nearly fully leased storage facilities totaling 200,000 square feet, indicating a strong and expanding market. Located in Shelby County, Tennessee, with a 38116 zip code, this property presents a unique opportunity for retail businesses seeking a high-traffic location in a thriving community. The building's 1,530 square feet provides a comfortable space for a variety of retail concepts, while the shared parking ensures convenient access for customers. This is a remarkable chance to establish a presence in a dynamic and growing area of Memphis.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $215,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $380,000
    6.5%
    $350,000
    7%
    $325,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $151,000
    Market price range: $57.6k - $151k
    AI Estimate
    $217,000
    Market price range: $68.4k - $217k
  • Alternative Use

    Use
    Estimation
    MEDICAL BUILDING
    $280,000
    OFFICE BUILDING
    $230,000
    AUTO REPAIR, GARAGE
    $220,000

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


Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-90.0194
Latitude
35.0214
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
$5,578
$45,360
$46,200
$91,560
-
$113,400
$115,500
$228,900
More about this property
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