Add Listing
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

    1665 Winchester Rd Memphis, TN 38116-3519

    • Outlet malls
    • 30,988 SF
    • 3.24 lot acres
    OFF-MARKET
    Value Estimations
    $1,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3258196
    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

    • Lit Jr. on Winchester / Big Box & Wholesale Store
    • Bank of America ATM / Atm / Financial Consultant
    • Gibson To Go Llc / Restaurant

    Property Details for 1665 Winchester Rd

    Year built
    1976
    Lot size
    3.24 lot acres
    Property size
    30,988 SF
    Zone code
    CMU-3
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    078-033- - -00018
    APU
    7803300018

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,245,000
      Market price range: $916k - $2.41M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,740,000
      Current use
      COMMERCIAL (GENERAL)
      $1,870,000
      Change: +8% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,550,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0083
    Latitude
    35.0529
    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
    $36,564
    $71,040
    $529,200
    $600,240
    -
    $177,600
    $1,323,000
    $1,500,600

    Comparable in this City

    • Value Estimation
      $16,905,000
      228,223 SF

      5255 Elvis Presley Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 228,223 SF
      5255 Elvis Presley Blvd, Memphis, TN 38116-8233
      View Details
    • Value Estimation
      $1,070,000
      23,513 SF

      4230 Elvis Presley Blvd

      SHOPPING CENTER, STRIP CENTER • 23,513 SF
      4230 Elvis Presley Blvd, Memphis, TN 38116-6401
      View Details
    • Value Estimation
      $2,520,000
      59,205 SF

      4049 Elvis Presley Blvd

      SHOPPING CENTER, STRIP CENTER • 59,205 SF
      4049 Elvis Presley Blvd, Memphis, TN 38116-5826
      View Details
    • Value Estimation by Request
      5,025 SF

      5425 Elvis Presley Blvd

      SHOPPING CENTER, STRIP CENTER • 5,025 SF
      5425 Elvis Presley Blvd, Memphis, TN 38116-8237
      View Details
    • Value Estimation by Request
      7,425 SF

      4255 Elvis Presley Blvd

      SHOPPING CENTER, STRIP CENTER • 7,425 SF
      4255 Elvis Presley Blvd, Memphis, TN 38116-6436
      View Details
    • Value Estimation
      $4,730,000
      290,513 SF

      1215 Shelby Dr

      REGIONAL SHOPPING CENTER, MALL • 290,513 SF
      1215 Shelby Dr, Memphis, TN 38116-7123
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      148,249 SF

      Memphis Retail Space: Below Replacement Cost

      148,000 SF Former Macy's, Owner/User Opportunity
      1300 Southland Mall, Memphis, TN 38116
      View Details
    • $2,000,000
      2.05 Acres

      Memphis Shopping Center Investment

      High-yield retail center, Memphis, TN.
      4636 Faronia Rd, Memphis, TN 38116
      View Details
    • $27,136,000
      49,287 SF

      High-Yield Medical Portfolio

      6-property portfolio, strong tenants.
      5247 Airways Blvd, Memphis, TN 38116
      View Details
    • New
      Contact for pricing
      6,092 SF

      Versatile Commercial Space in Memphis

      6092 Sq. Ft. space ideal for various business uses.
      3314 Millbranch Rd, Memphis, TN 38116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,000 SF

      Southland Plaza Retail Space

      Memphis Retail Center: 7,500 SF Available
      4701 Elvis Presley Blvd, Memphis, TN 38116
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space Near Graceland Gateway

      Retail space available in high-traffic Memphis shopping center.
      4701-4715 Elvis Presley Blvd, Memphis, TN 38116
      View Details
    • Contact for pricing
      67,725 SF

      Renovated Retail Space Near Graceland

      Expansive, renovated retail space near Elvis Presley's Graceland.
      4075 Elvis Presley Blvd, Memphis, TN 38116
      View Details
    • Contact for pricing
      11,357 SF

      Retail Space Near Graceland

      Recently renovated retail space near Elvis Presley's Graceland.
      1056 E Raines Rd, Memphis, TN 38116
      View Details
    • Contact for pricing
      1,000 SF

      Retail Spaces in Deer Creek

      Two 1,000 SF retail spaces for lease.
      4519-4535 Millbranch Rd, Memphis, TN 38116
      View Details
    • $11 SF/Yr
      9,053 SF

      High-Visibility Retail Space Near Graceland

      9,053 SF Freestanding Retail Building in Memphis, TN
      3909 Elvis Presley Blvd, Memphis, TN 38116
      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.
    1665 Winchester Rd
    Memphis, TN 38116-3519
    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.
    Sign Up Successful!
    You now have access to more from Realmo!