Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2564 Appling Rd Memphis, TN 38133-5091

    • Strip malls
    • 9,000 SF
    • 1.62 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0170927
    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

    • Mr Roberts Barber Shop / Barber Shop
    • XtraOrdinary Salon / Beauty Salon
    • Imobile / Cell Phone Store
    • Mid-South Supportive Living / Home Health Care Service
    • Abe's Gun store / Gun Shop

    Property Details for 2564 Appling Rd

    Year built
    2004
    Lot size
    1.62 lot acres
    Property size
    9,000 SF
    Zone code
    R-6
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    095-400- - -00430
    APU
    9540000430

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $470,000
      Market price range: $287k - $1.20M
      AI Estimate
      $224,000
      Market price range: $185k - $595k

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8144
    Latitude
    35.1953
    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
    $16,679
    $94,000
    $179,800
    $273,800
    -
    $235,000
    $449,500
    $684,500

    Comparable in this City

    • Value Estimation
      $405,000
      10,958 SF

      2825 Germantown Pkwy

      SHOPPING CENTER, STRIP CENTER • 10,958 SF
      2825 Germantown Pkwy, Memphis, TN 38133-8198
      View Details
    • Value Estimation
      $2,860,000
      6,324 SF

      8361 Us Hwy 64

      SHOPPING CENTER, STRIP CENTER • 6,324 SF
      8361 Us Hwy 64, Bartlett, TN 38133-8108
      View Details
    • Value Estimation
      $635,000
      7,454 SF

      8485 Us Hwy 64

      SHOPPING CENTER, STRIP CENTER • 7,454 SF
      8485 Us Hwy 64, Bartlett, TN 38133-4102
      View Details
    • Value Estimation
      $445,000
      18,075 SF

      2765 Wolfcreek Pkwy

      SHOPPING CENTER, STRIP CENTER • 18,075 SF
      2765 Wolfcreek Pkwy, Memphis, TN 38133-8188
      View Details
    • Value Estimation
      $1,980,000
      13,780 SF

      7780 Us Hwy 64th Ste, Unit 108

      SHOPPING CENTER, STRIP CENTER • 13,780 SF
      7780 Us Hwy 64th Ste, Bartlett, TN 38133-4065
      View Details
    • Value Estimation
      $655,000
      21,760 SF

      7174 Stage Rd

      SHOPPING CENTER, STRIP CENTER • 21,760 SF
      7174 Stage Rd, Bartlett, TN 38133-8954
      View Details

    Similar Nearby for Sale

    • $649,900
      3,411 SF

      Bartlett Retail Space - Memphis, TN

      Prime Bartlett location, updated bar/restaurant. High traffic area.
      2779 Whitten Rd, Memphis, TN 38133
      View Details
    • $1,412,050
      1,546 SF

      Take 5 Oil Change

      Take 5 Oil Change for sale in Memphis, Tennessee.
      2041 Whitten Rd, Memphis, TN 38133
      View Details
    • $1,200,000
      7,774 SF

      Memphis Restaurant - Prime Location

      Fully equipped, 7,774 SF restaurant on 2.57 acres.
      7990 Horizon Center Blvd, Memphis, TN 38133
      View Details
    • $1,200,000
      7,774 SF

      Freestanding Restaurant Building For Sale

      7,774 SF fully equipped restaurant on 2.57 acres.
      7990 Horizon Center Blvd, Memphis, TN 38133
      View Details
    • $900,000

      Retail Flex Building For Sale

      5,600 SF retail flex building in Memphis, Tennessee.
      6949 Stage Rd, Memphis, TN 38133
      View Details
    • $1,250,000

      Versatile Commercial Building in Memphis

      Adaptable commercial space suitable for office, retail, or flex use.
      2133 Whitten Rd, Memphis, TN 38133
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Wolfchase Area

      Retail space available in the Wolf Run Plaza shopping center.
      7980 Hwy, Bartlett, TN 38133
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Power Center

      Retail space in Memphis' major retail corridor with high visibility.
      8025-8085 Giacosa Pl, Memphis, TN 38133
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Power Center

      Retail space in Memphis' major retail corridor with high visibility.
      8010-8060 Giacosa Pl, Memphis, TN 38133
      View Details
    • Contact for pricing
      48,200 SF

      StageCoach Collection: Bartlett Retail

      Bartlett retail center, 3 suites available.
      7124 Stage Rd, Bartlett, TN 38133
      View Details
    • Contact for pricing
      1,400 SF

      Retail Suites in Stage Road Center

      Multiple 1,400 SF suites available in a vibrant shopping center.
      7140 Stage Rd, Bartlett, TN 38133
      View Details
    • Contact for pricing

      Retail Center in Wolfchase Area

      Retail spaces available in a high-traffic Memphis location.
      8385 Hwy, Memphis, TN 38133
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2564 Appling Rd
    Memphis, TN 38133-5091
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.