2574 Frayser Blvd Memphis, TN 38127-5829
Property Lookup
Property profile & analytics
2574 Frayser Blvd Memphis, TN 38127-5829
- Strip malls
- 64,810 SF
- 6.68 lot acres
Property ID
US80-0812758
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.
Location Intelligence
Current Use by Public Records
- Health Loop / Medical Clinic
- Cruz Dinia C MD / Pediatrician / Medical Clinic
- Angela Kuo / Physician
- Jorge Rodriguez / Physician
Property Details for 2574 Frayser Blvd
- Year built
- 1972
- Lot size
- 6.68 lot acres
- Property size
- 64,810 SF
- Zone code
- CMU-2
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 072-073- - -00021
- APU
- 7207300021
Description
This exceptional investment opportunity presents Frayser Village Shopping Center, a 141,611 square foot, multi-tenant retail property situated in Memphis, Tennessee. The property boasts a 90.66% occupancy rate and is anchored by a Kroger grocery store with a recently extended five-year lease, demonstrating a long-term commitment to the location. Built in 1968 and 1972, with renovations completed in 1993, the center comprises two single-story buildings on a 17.93-acre lot. The strong tenant mix includes established national brands such as Family Dollar, Rainbow, Madrags, City Gear, Shoe Time, and Rent-A-Center, providing a diverse revenue stream. The center benefits from its strategic location within a rapidly developing area, proximate to significant investments by major corporations like Nike and Amazon, and the recently approved construction of a substantial new high school. This stabilized, NNN-leased shopping center offers a compelling investment opportunity with a proven track record and significant growth potential. The Kroger anchor, a dominant player in the Memphis market, provides exceptional stability and long-term value. This property is ideally suited for investors seeking a high-performing, well-located retail asset in a thriving Memphis market. The property's size, tenant diversity, and prime location make it a highly attractive investment prospect.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,265,000
Market price range: $2.07M - $8.62M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $4,760,000 Current use
- MEDICAL BUILDING
- $9,270,000 Change: +95% Conversion: Difficult
- OFFICE BUILDING
- $7,730,000 Change: +62% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $6,285,000 Change: +32% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $5,765,000 Change: +21% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,915,000 Change: -18% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9779
- Latitude
- 35.2216
- 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
$82,515
$391,400
$963,160
$1,354,560
-
$978,500
$2,407,900
$3,386,400
