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    Property profile & analytics

    2655 Frayser Blvd Memphis, TN 38127-4832

    • Retail space
    • 14,850 SF
    • 1.53 lot acres
    OFF-MARKET
    Value Estimation
    $5,245,000
    Last Sale
    Dec 14, 2020
    $6,051,199
    Location Intelligence
    Property ID
    US80-1328225
    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

    • Walgreens Photo / Photo Shop / Passport Photo Processor
    • Walgreens Pharmacy / Pharmacy
    • Redbox / Movie Rental Kiosk / Dvd Store
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • FedEx OnSite / Mailing Service

    Property Details for 2655 Frayser Blvd

    Year built
    2010
    Lot size
    1.53 lot acres
    Property size
    14,850 SF
    Zone code
    CMU-1
    Property type
    Retail space
    APN
    072-107- - -00306-C
    APU
    07210700306C

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,005,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,580,000
      6.5%
      $6,350,000
      7%
      $5,705,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,910,000
      Geo Method
      $6,290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,015,000
      Retail
      $6,440,000
      Mixed-Use
      $6,145,000
      Hospitality
      $5,250,000
      Educational
      $5,415,000
      Residential Income
      $5,195,000
      Energy
      $6,010,000
      Income-Based Land
      $5,445,000
      Food Service
      $5,785,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.975
    Latitude
    35.2206
    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
    $48,733
    $149,360
    $650,640
    $800,000
    -
    $373,400
    $1,626,600
    $2,000,000

    Comparable in this City

    • Value Estimation by Request
      6,840 SF

      2629 Overton Xing St

      RETAIL STORES (PERSONAL SERVICES) • 6,840 SF
      2629 Overton Xing St, Memphis, TN 38127-8612
      View Details
    • Value Estimation by Request
      1,016 SF

      1792 Corning Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,016 SF
      1792 Corning Ave, Memphis, TN 38127-4342
      View Details
    • Value Estimation by Request
      5,598 SF

      1767 Dellwood Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,598 SF
      1767 Dellwood Ave, Memphis, TN 38127-6403
      View Details
    • Value Estimation by Request
      6,440 SF

      3225 Watkins St

      RETAIL STORES (PERSONAL SERVICES) • 6,440 SF
      3225 Watkins St, Memphis, TN 38127
      View Details
    • Value Estimation
      $70,000
      2,730 SF

      2997 Overton Xing St

      RETAIL STORES (PERSONAL SERVICES) • 2,730 SF
      2997 Overton Xing St, Memphis, TN 38127
      View Details
    • Value Estimation
      $60,000
      675 SF

      3065 Thomas St

      RETAIL STORES (PERSONAL SERVICES) • 675 SF
      3065 Thomas St, Memphis, TN 38127-7605
      View Details

    Similar Nearby for Sale

    • $550,000

      Frayser Boulevard Commercial Property

      Expansive 52,180 sq. ft. commercial property in Memphis, TN.
      2285 Frayser Blvd, Memphis, TN 38127
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space on Watkins Street

      7,000 SF retail space on 1.069 AC for sale.
      3188 N Watkins St, Memphis, TN 38127
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    • $195,000

      Frayser Commercial Space For Sale

      High-traffic, cash-flowing commercial space in Frayser, Memphis.
      3510 N Watkins St, Memphis, TN 38127
      View Details
    • $975,000
      12,835 SF

      North Memphis Retail Property

      12,835 SF Convenience Store, High Traffic
      3129 Thomas St, Memphis, TN 38127
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    • $849,900
      4,811 SF

      Prime Memphis Commercial Property

      High-traffic location, 4,811 sq ft, vacant
      2804 Frayser Blvd, Memphis, TN 38127
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    • New
      $229,900

      Operating Auto Shop For Sale

      Operating auto shop with equipment, tools, and office space.
      1775 Frayser Blvd, Memphis, TN 38127
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    Similar Nearby for Lease

    • Contact for pricing
      800 SF

      Retail Spaces on Watkins Street

      Retail spaces available, excellent visibility, minutes from I-40/I-69.
      3257-3263 N Watkins St, Memphis, TN 38127
      View Details
    • Contact for pricing
      7,456 SF

      Retail Spaces in High-Traffic Area

      Retail spaces available near Nike and Amazon distribution centers.
      2570-2590 Frayser Blvd, Memphis, TN 38127
      View Details
    • Contact for pricing
      4,000 SF

      Retail Spaces Available for Lease

      Retail spaces available near Nike and Amazon distribution centers.
      1774-1784 Frayser Blvd, Memphis, TN 38127
      View Details
    • Contact for pricing
      7,000 SF

      Retail Spaces in Strip Center

      Retail spaces available in a strip center.
      3257-3265 N Watkins St, Memphis, TN 38127
      View Details
    • Contact for pricing
      3,400 SF

      Frayser Boulevard Retail Opportunity

      Retail and medical spaces available in Memphis shopping center.
      2126-2200 Frayser Blvd, Memphis, TN 38127
      View Details
    • Contact for pricing
      2,052 SF

      Redeveloped Retail Space Available

      Affordable retail space in redeveloped center, space can be divided.
      3219-3225 N Watkins St, Memphis, TN 38127
      View Details
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    Memphis, TN 38127-4832
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    Realmo Value Estimation

    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.

    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.

    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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