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Property profile & analytics
OFF-MARKET Estimated value $1,050,000
Strip malls

2200 Germantown Rd Memphis, TN 38138

28,000 SF 4.74 ac lot Built 1995
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-0160466
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1995
Total area 28,000 SF
Lot 4.74 ac (206,474 SF)
Zoning code RU-3
APN 096-500- - -00627
UPID US80-0160466
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
by Request
Comparable Approach Comparable
$888k
Blend (final) Blend
$1.05M
Owner & transaction history
Alea Properties USA LLC · 17 yrs held
Alea Properties USA LLC
since 2009
7 recorded transactions
2018
Price N/A
2017
Price N/A
2010
Price N/A
2009
$5.9M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 3
General category RESIDENTIAL
Zone area 7,600.37 ac
Source CHAPTER 1
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