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    Property profile & analytics

    1994 Chelsea Ave Memphis, TN 38108-2262

    • Retail space
    • 1,238 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 28, 2020
    $24,500
    Location Intelligence
    Property ID
    US80-1569750
    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

    • Retail space

    Property Details for 1994 Chelsea Ave

    Year built
    1950
    Lot size
    0.06 lot acres
    Property size
    1,238 SF
    Zone code
    EMP
    Property type
    Retail space
    APN
    041-001- - -00097
    APU
    4100100097

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9908
    Latitude
    35.1737
    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
    $638
    $1,080
    $9,400
    $10,480
    -
    $2,700
    $23,500
    $26,200

    Comparable in this City

    • Value Estimation by Request
      1,088 SF

      1441 Maplewood St

      RETAIL STORES (PERSONAL SERVICES) • 1,088 SF
      1441 Maplewood St, Memphis, TN 38108-1505
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    • Value Estimation by Request
      532 SF

      1719 Marble Ave

      RETAIL STORES (PERSONAL SERVICES) • 532 SF
      1719 Marble Ave, Memphis, TN 38108-1134
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    • Value Estimation by Request
      1,551 SF

      3046 Chelsea Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,551 SF
      3046 Chelsea Ave, Memphis, TN 38108-1808
      View Details
    • Value Estimation by Request
      1,860 SF

      2257 Chelsea Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,860 SF
      2257 Chelsea Ave, Memphis, TN 38108-1450
      View Details
    • Value Estimation by Request
      1,152 SF

      2960 Chelsea Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,152 SF
      2960 Chelsea Ave, Memphis, TN 38108-1712
      View Details
    • Value Estimation by Request
      1,396 SF

      2896 Chelsea Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,396 SF
      2896 Chelsea Ave, Memphis, TN 38108-1705
      View Details

    Similar Nearby for Sale

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      Retail property for sale with 1267 square feet of space.
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    • $1,000,000

      Land for Sale

      Land available for purchase at 1587 Chelsea Ave, Memphis.
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    • $800,000
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    Similar Nearby for Lease

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      Retail space with excellent visibility and easy access.
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    • $2 SF/Yr
      95,296 SF

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    • Contact for pricing
      453,447 SF

      Memphis Industrial Campus: 453,447 SF

      Multi-use industrial space, Memphis, TN.
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    1994 Chelsea Ave
    Memphis, TN 38108-2262
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    Realmo Value Estimation

    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.

    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.

    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
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