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Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Strip malls
2130 Poplar Ave Collierville, TN 38017-0615
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1450648
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
27,544 SF
Lot
2.87 ac (125,148 SF)
Zoning code
GC
APN
C02-43 - - -00439
UPID
US80-1450648
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
Current use
Occupant on record · Public records
-
Dr. Phyllis A. Dickinson-Branch, DDS Dental Office
-
Thomas Ploch, DDS Dental Office
-
Jodice R. Lee-Belisle, DDS Dental Office
-
Hilal George DDS Dental Office
-
Edwards Eunjung DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$2.42M
Owner & transaction history
X-l Service INC · 7 yrs held
X-l Service INC
since 2019
2 recorded transactions
Zoning & alternative use
GC · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
icts 151.060 Statement of purpose 151.061 NC Neighborhood Commercial District 151.062 MPO Medical-Professional Office District 151.063 SCC Shopping Center Commercial District 151.064 CB Central Business District 151.065 GC General Commercial District Industrial Districts 151.075 Statement of purpose 151.076 RI - Restrictive Industrial District 151.077 GI - G…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
251.18 ac
Top alternative use upside
Office building
$4.0M
+63.5%
Auto repair, garage
$2.8M
+12.4%
Retail stores
$2.5M
+0.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,450,000
Current use
OFFICE BUILDING
$4,005,000
Change: +63% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,755,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,475,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,460,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$112,212
Tax year 2022
Assessed value
$2,195,920
Assessed 2023
Previous assessed
$2,195,920
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$778,840
Assessed improvement
$1,417,080
Land market value
$1,947,100
Improvement market value
$3,542,700
Total market value
$5,489,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
27,544 SF
Lot
2.87 ac (125,148 SF)
Zoning code
GC
APN
C02-43 - - -00439
UPID
US80-1450648
Jurisdiction
SHELBY
Zoning & alternative use
GC · Collierville, TNZoning GC · permitted uses
GC · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
icts 151.060 Statement of purpose 151.061 NC Neighborhood Commercial District 151.062 MPO Medical-Professional Office District 151.063 SCC Shopping Center Commercial District 151.064 CB Central Business District 151.065 GC General Commercial District Industrial Districts 151.075 Statement of purpose 151.076 RI - Restrictive Industrial District 151.077 GI - General Industrial District Flood Plain Zoning 151.090 Statutory authorization, fin
Zone name
General Commercial
General category
COMMERCIAL
Zone area
251.18 ac
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
OFFICE BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.87 ac
Current owner
From public records · entity-resolved
X-l Service INC
Entity
Mailing address
834 W POPLAR AVE STE #1, COLLIERVILLE, TN 38017-4048
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2019
—
X-l Service INC
—
Deed
related
$1,700,000 · Independent Bk
—
—
X-l Service INC
—
Deed Of Trust
related
$1,700,000 · Independent Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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