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Property profile & analytics
OFF-MARKET
Strip malls

1715 Holmes Rd Memphis, TN 38116

11,380 SF 0.87 ac lot Built 1972
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1709710
Property summary
AI-generated overview

This exceptional 1,800-square-foot endcap suite, located at 1715 E Holmes Rd in Memphis, TN 38116, presents a fantastic opportunity for a variety of businesses. Situated in a thriving retail center, this property boasts high visibility and convenient access. The space is ideal for a traditional office setting or retail use, offering flexibility for diverse business needs. The suite includes two single bathrooms and a brand-new water heater, ensuring comfort and convenience. Ample parking is available with 50 surface parking spaces for customers and employees. The location is particularly advantageous, being adjacent to a school and apartment complexes, guaranteeing a steady flow of potential customers. The layout is well-suited for subletting, making it an attractive option for co-working spaces or businesses seeking to expand their operations. This endcap location offers unparalleled visibility and accessibility, making it an excellent choice for businesses seeking a prime location in a busy retail area. The property is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a desirable space in a high-traffic area of Memphis. Consider this space for an insurance agency, notary, tax services, boutique, or any business owner looking to transition from a home office.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1972
Total area 11,380 SF
Lot 0.87 ac (38,028 SF)
Zoning code CMU-1
APN 079-137- - -00084
UPID US80-1709710
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
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Aziz & Sons LLC · 3 yrs held
Aziz & Sons LLC
since 2022
Last sale
$500,000
3 recorded transactions
2022
$500,000
2017
$1.4M
2004
Price N/A
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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