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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2655 Mt Moriah Rd Memphis, TN 38115-1575

    • Auto shops
    • 1,500 SF
    • 0.93 lot acres
    OFF-MARKET
    Last Sale
    Jun 15, 2025
    $525,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0104929
    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

    • Elk Car Central / Used Car Dealer

    Property Details for 2655 Mt Moriah Rd

    Year built
    2013
    Construction
    FRAME
    Lot size
    0.93 lot acres
    Property size
    1,500 SF
    Zone code
    CMU-3
    Property type
    Auto shops
    APN
    074-089- -E-00013-C
    APU
    074089E00013C

    Description

    This exceptional commercial property at 2655 Mt Moriah Rd, Memphis, TN 38115, presents a lucrative investment opportunity. The 0.93-acre lot boasts a 1,500 square foot office building, ideal for administrative functions or expanded operations. The property's strategic location offers high visibility due to its prominent placement along Mt Moriah Road, further enhanced by a high-visibility monument pole sign. Two convenient points of ingress and egress from Mt Moriah Road ensure easy access for customers and employees. The expansive paved lot provides ample space for vehicle display, storage, and customer parking. The property is zoned CMU-3, offering flexibility for various automotive-related uses. This turnkey operation is priced at $550,000 and represents a rare chance to acquire a well-established and visible commercial property in a thriving Memphis location. The property's size, location, and existing infrastructure make it an attractive investment for both established businesses and new ventures seeking a strong foothold in the Memphis market. The existing building and ample paved lot provide immediate operational capabilities, minimizing upfront investment needs. This is a truly exceptional opportunity to own a high-visibility commercial property in a prime Memphis location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8813
    Latitude
    35.0756
    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
    $8,587
    $64,480
    $76,480
    $140,960
    -
    $161,200
    $191,200
    $352,400

    Comparable in this City

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    • Value Estimation
      $315,000
      6,508 SF

      6100 Winchester Rd

      AUTO REPAIR, GARAGE • 6,508 SF
      6100 Winchester Rd, Memphis, TN 38115-4014
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    • Value Estimation
      $210,000
      1,480 SF

      2681 Mt Moriah Rd

      AUTO REPAIR, GARAGE • 1,480 SF
      2681 Mt Moriah Rd, Memphis, TN 38115-1575
      View Details
    • Value Estimation
      $225,000
      4,686 SF

      2528 Mt Moriah Rd

      AUTO REPAIR, GARAGE • 4,686 SF
      2528 Mt Moriah Rd, Memphis, TN 38115-1512
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    • Value Estimation
      $765,000
      24,600 SF

      5625 Raines Rd

      AUTO REPAIR, GARAGE • 24,600 SF
      5625 Raines Rd, Memphis, TN 38115-6702
      View Details
    • Value Estimation
      $245,000
      952 SF

      2565 Scottsway Rd

      AUTO REPAIR, GARAGE • 952 SF
      2565 Scottsway Rd, Memphis, TN 38115-1517
      View Details

    Similar Nearby for Sale

    • $550,000
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      Auto Dealership on Paved Lot

      Auto dealership with office and paved lot for sale.
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      Retail Property on Mount Moriah

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      Memphis Retail Space - Mt. Moriah Rd

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      Prime Memphis Restaurant Building

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    Similar Nearby for Lease

    • Contact for pricing
      3 SF

      3.6 Acre Fenced Parking/Storage

      Fenced and paved parking/storage, divisible, near major highways.
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      Fenced and Paved Parking/Storage

      Up to 3.6 acres of fenced and paved parking/storage.
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    • $12 SF/Yr
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      Hickory Hill Retail Center Opportunity

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      Winchester Court Retail Center

      Memphis Retail Space - 23,904 SF Available
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      Retail Space Available For Lease

      Retail property available for lease in Memphis, Tennessee.
      3548 S Mendenhall Rd, Memphis, TN 38115
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    • $12 SF/Yr
      1,200 SF

      Retail Space with Kitchen

      Retail space featuring a kitchen, storage, and restroom.
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      View Details
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    Memphis, TN 38115-1575
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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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