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    2140 W Poplar Ave Collierville, TN 38017
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    Property profile & analytics

    2140 W Poplar Ave Collierville, TN 38017

    View on Map
    • Strip malls
    • 9,520 SF
    • 2.87 lot acres
    For Lease
    $1,110,000
    View Listing →
    Retail Space in Collierville Center For Lease
    $1,110,000
    4,200 SF

    Retail Space in Collierville Center

    Retail space available in Collierville shopping center for lease.

    2140 W Poplar Ave, Collierville, TN
    View Listing
    Property ID
    US80-0567885
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kayla Massey, MSN, FNP / Physician
    • Johnson Donna DC / Alternative Medicine Practice
    • Doriot Tammy DC / Alternative Medicine Practice
    • Massage and Contour Memphis / Alternative Medicine Practice / Spa & Massage Center
    • The Skybox Grill / Bar & Pub / Restaurant

    Property Details for 2140 W Poplar Ave

    Year built
    2004
    Lot size
    2.87 lot acres
    Property size
    9,520 SF
    Zone code
    GC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    C02-43 - - -00010
    APU
    C024300010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $819,000
      Market price range: $194k - $820k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $845,000
      Current use
      MEDICAL BUILDING
      $1,410,000
      Change: +66% Conversion: Difficult
      OFFICE BUILDING
      $1,385,000
      Change: +63% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $950,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $855,000
      Change: +1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $850,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7346
    Latitude
    35.053
    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
    $66,814
    $776,200
    $531,320
    $1,307,520
    -
    $1,940,500
    $1,328,300
    $3,268,800

    Comparable in this City

    • Value Estimation
      $19,200,000
      28,643 SF

      3660 Houston Levee Rd

      SHOPPING CENTER, STRIP CENTER • 28,643 SF
      3660 Houston Levee Rd, Collierville, TN 38017-9146
      View Details
    • Value Estimation
      $4,005,000
      12,780 SF

      746 Byhalia Rd

      SHOPPING CENTER, STRIP CENTER • 12,780 SF
      746 Byhalia Rd, Collierville, TN 38017
      View Details
    • Value Estimation
      $1,880,000
      86,964 SF

      3575 Houston Levee Rd

      SHOPPING CENTER, STRIP CENTER • 86,964 SF
      3575 Houston Levee Rd, Collierville, TN 38017-9089
      View Details
    • Value Estimation
      $12,000,000
      85,290 SF

      301 New Byhalia Rd

      SHOPPING CENTER, STRIP CENTER • 85,290 SF
      301 New Byhalia Rd, Collierville, TN 38017
      View Details
    • Value Estimation
      $2,420,000
      27,544 SF

      2130 Poplar Ave

      SHOPPING CENTER, STRIP CENTER • 27,544 SF
      2130 Poplar Ave, Collierville, TN 38017-0615
      View Details
    • Value Estimation
      $800,000
      32,095 SF

      114 Us Hwy 72

      SHOPPING CENTER, STRIP CENTER • 32,095 SF
      114 Us Hwy 72, Collierville, TN 38017-2943
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Collierville Premier Shopping Center Space

      150,000 SF space in a thriving Collierville shopping center.
      4660 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing

      Retail Power Center Near Memphis

      18,000+ SF retail center near Germantown and Collierville.
      3615 South Houston Levee Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Mixed-Use Development Opportunity

      Proposed mixed-use development with retail and outparcel opportunities.
      385 & Houston Levee Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Premier Collierville Shopping Center Space

      Prime retail and restaurant spaces available in Collierville, Tennessee.
      4674 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing

      Retail Building on Poplar Avenue

      46,436 SF retail building in Collierville for sale.
      1329-1337 W Poplar Ave, Collierville, TN 38017
      View Details
    • $350,000
      1,600 SF

      Historic Shelby County Commercial Space

      Versatile commercial space in Shelby County, ready for its next chapter.
      12017 Macon Rd, Collierville, TN 38017
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Collierville Retail Space For Lease

      New retail building with drive-thru potential near high school.
      E Shelby Dr, Collierville, TN 38017
      View Details
    • Contact for pricing

      Retail Space in Collierville Center

      Retail spaces available in a neighborhood shopping center.
      3635 South Houston Levee Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Shopping Center For Lease

      Fully leased 65,900 SF shopping center in Collierville, Tennessee.
      3660 S Houston Levee Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Retail Center in Affluent Area

      73,000 SF retail center in Germantown/Collierville border.
      Houston Levee Rd & Wolf Riv Blvd, Collierville, TN 38017
      View Details
    • Contact for pricing
      3,193 SF

      Retail Space Near Lifestyle Center

      Retail space strategically located near major shopping and transportation.
      10217-10337 E Shelby Dr, Collierville, TN 38017
      View Details
    • Contact for pricing
      7,875 SF

      Collierville Retail Development Opportunity

      Proposed retail buildings in the heart of Collierville's residential area.
      N Byhalia Rd, Collierville, TN 38017
      View Details
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    Collierville, TN 38017
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    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
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