Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1390 Poplar Ave Memphis, TN 38104-2042

    • Auto shops
    • 6,048 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0414386
    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

    • Dunn's Transmission Service Center / Brake Shop / Car Repair And Maintenance Service

    Property Details for 1390 Poplar Ave

    Year built
    1926
    Lot size
    0.18 lot acres
    Property size
    6,048 SF
    Zone code
    CMU-3
    Property type
    Auto shops
    APN
    020-026- - -00014
    APU
    2002600014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $227,000
      Market price range: $228k - $1.12M
      AI Estimate
      $259,000
      Market price range: $259k - $882k

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0142
    Latitude
    35.1441
    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
    $3,765
    $23,840
    $37,960
    $61,800
    -
    $59,600
    $94,900
    $154,500

    Comparable in this City

    • Value Estimation
      $240,000
      1,584 SF

      660 Neptune St

      AUTO REPAIR, GARAGE • 1,584 SF
      660 Neptune St, Memphis, TN 38104-6025
      View Details
    • Value Estimation
      $390,000
      9,894 SF

      1945 Un Ave

      AUTO REPAIR, GARAGE • 9,894 SF
      1945 Un Ave, Memphis, TN 38104-4030
      View Details
    • Value Estimation
      $265,000
      4,584 SF

      2189 Central Ave

      AUTO REPAIR, GARAGE • 4,584 SF
      2189 Central Ave, Memphis, TN 38104-5502
      View Details
    • Value Estimation
      $210,000
      1,479 SF

      1749 Madison Ave

      AUTO REPAIR, GARAGE • 1,479 SF
      1749 Madison Ave, Memphis, TN 38104-6415
      View Details
    • Value Estimation
      $230,000
      3,200 SF

      781 Meda St

      AUTO REPAIR, GARAGE • 3,200 SF
      781 Meda St, Memphis, TN 38104-5534
      View Details
    • Value Estimation
      $280,000
      3,348 SF

      1615 Un Ave

      AUTO REPAIR, GARAGE • 3,348 SF
      1615 Un Ave, Memphis, TN 38104-3731
      View Details

    Similar Nearby for Sale

    • $695,000
      4,840 SF

      Poplar & Cleveland Retail Opportunity

      Midtown Memphis retail building, vacant, high visibility.
      247 Cleveland St, Memphis, TN 38104
      View Details
    • $550,000

      Union Avenue Retail Opportunity

      7,094 SF freestanding building on 0.263 acre parcel.
      2029 Union Avenue Ext, Memphis, TN 38104
      View Details
    • $1,650,000
      63,804 SF

      Memphis Medical District Retail Property

      Retail property in Memphis Medical District with high visibility.
      1495-1511 Union Ave, Memphis, TN 38104
      View Details
    • $899,000
      4,800 SF

      Retail Property on Poplar Avenue

      4,800 SF retail building in Midtown Memphis for sale.
      1911 Poplar Ave, Memphis, TN 38104
      View Details
    • $1,850,000
      19,300 SF

      Cooper Young Flex Space Investment

      Memphis Industrial Property - High Visibility
      871 Cooper St, Memphis, TN 38104
      View Details
    • $1,750,000

      Prime Commercial Building in Memphis

      Building in the heart of Cooper/Young with additional land.
      871 S Cooper St, Memphis, TN 38104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,055 SF

      Midtown Memphis Retail Space

      High-traffic, 2,055 sq ft retail space available.
      1835 Union Ave, Memphis, TN 38104
      View Details
    • Contact for pricing
      8,900 SF

      Union Ave Retail Space Available

      Memphis Retail: 4,100 SF Divisible
      1556 Union Ave, Memphis, TN 38104
      View Details
    • Contact for pricing
      7,726 SF

      Memphis Union Ave Retail Space

      Prime Memphis retail space, 2,653 sq ft available.
      1993 Union Ave, Memphis, TN 38104
      View Details
    • Contact for pricing
      1,020 SF

      Retail Space in Apartment Building

      1,020 SF retail space with direct street access.
      1839 Madison Ave, Memphis, TN 38104
      View Details
    • Contact for pricing

      Mixed-Use Development in Midtown Memphis

      Retail, dining, office, and residential spaces in Midtown Memphis.
      Central Ave, Memphis, TN 38104
      View Details
    • $20 SF/Yr
      8,236 SF

      Madison Ave. Retail Opportunity

      Prime Memphis Retail Space: 1,350 SF Available
      1482 Madison Ave, Memphis, TN 38104
      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.
    1390 Poplar Ave
    Memphis, TN 38104-2042
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.