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Property profile & analytics

2094 Frayser Blvd Memphis, TN 38127

  • Office buildings
  • 2,913 SF
  • 0.34 lot acres
For Lease
Last Sale
Sep 19, 2024
$375,000
Value Estimations
$250,000
Cap Rate Potential
Location Intelligence
Property ID
US80-0825473
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

  • Direct Auto Insurance / Auto Insurance Agency / Insurance Agency
  • Metro by T-Mobile / Cell Phone Accessory Store / Cell Phone Store
  • 901 cash express / Loan Agency
  • Affordable Insurance Agency / Insurance Agency / Auto Insurance Agency
  • EZIYAH / Clothing Store

Property Details for 2094 Frayser Blvd

Year built
1954
Lot size
0.34 lot acres
Property size
2,913 SF
Zone code
CMU-1
Property type
Office buildings
APN
072-010- - -00036
APU
7201000036

Description

This exceptional retail investment opportunity presents a 2,913 square foot strip center located at 2094 Frayser Blvd, Memphis, TN 38127. Situated on a 0.337-acre corner lot at the intersection of Frayser Boulevard and Overton Crossing, this property boasts a prime location with high visibility and excellent access. Currently 100% occupied, the center generates a strong net operating income (NOI) of $45,303 annually. The asking price is $445,000, representing a compelling value-add proposition for discerning investors. The seller is offering attractive financing options at a very low interest rate, making this an even more attractive investment. This property is ideal for investors seeking a stable, income-producing asset in a growing Memphis market. The building's 2,913 square feet provide ample space for multiple tenants, ensuring a diversified income stream. The strategic corner location maximizes exposure to high traffic counts, further enhancing its investment potential. This is a rare opportunity to acquire a well-performing retail property in a desirable location with significant upside potential. Don't miss out on this chance to secure a profitable addition to your investment portfolio. Contact us today to learn more and schedule a showing.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $290,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $207,000
    Market price range: $184k - $564k
    AI Estimate
    $225,000
    Market price range: $159k - $573k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $345,000
    Current use
    MEDICAL BUILDING
    $415,000
    Change: +20% Conversion: Easy
    AUTO REPAIR, GARAGE
    $280,000
    Change: -19% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-89.9937
Latitude
35.2176
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
$3,826
$12,400
$50,400
$62,800
-
$31,000
$126,000
$157,000
More about this property
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