Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2657 Appling Rd Memphis, TN 38133-5086

    Property Lookup

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

    2657 Appling Rd Memphis, TN 38133-5086

    View on Map
    • Office buildings
    • 5,820 SF
    • 0.50 lot acres
    Off-Market
    Last Sale Oct 22, 2021
    $139,000
    Property ID
    US80-0970246
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Heath Johnson - State Farm Insurance Agent / Insurance Agency
    • Jasco Realtors Chris Griffith / Real Estate Agency
    • JASCO REALTY / Real Estate Agency
    • LIFE, REALTORS® / Real Estate Agency
    • TREK Property Mgmt / Property Management Company

    Property Details for 2657 Appling Rd

    Year built
    2003
    Lot size
    0.50 lot acres
    Property size
    5,820 SF
    Zone code
    R-6
    Property type
    Office buildings
    APN
    095-100- - -00169
    APU
    9510000169

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8153
    Latitude
    35.1981
    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
    2023
    $12,788
    $29,640
    $180,280
    $209,920
    -
    $74,100
    $450,700
    $524,800

    Comparable in this City

    • Value Estimation
      $905,000
      14,606 SF

      3150 Appling Rd

      OFFICE BUILDING • 14,606 SF
      3150 Appling Rd, Bartlett, TN 38133-3994
      View Details
    • Value Estimation
      $960,000
      6,960 SF

      2795 Appling Rd

      OFFICE BUILDING • 6,960 SF
      2795 Appling Rd, Memphis, TN 38133-5078
      View Details
    • Value Estimation
      $950,000
      6,000 SF

      6850 Hillshire Dr

      OFFICE BUILDING • 6,000 SF
      6850 Hillshire Dr, Memphis, TN 38133-7047
      View Details
    • Value Estimation
      $4,655,000
      41,300 SF

      2565 Horizon Lk Dr

      OFFICE BUILDING • 41,300 SF
      2565 Horizon Lk Dr, Memphis, TN 38133-8113
      View Details
    • Value Estimation by Request
      1,155 SF

      6734 Whitten Pl

      OFFICE BUILDING • 1,155 SF
      6734 Whitten Pl, Memphis, TN 38133-6012
      View Details
    • Value Estimation by Request
      2,606 SF

      7892 Us Hwy 70

      OFFICE BUILDING • 2,606 SF
      7892 Us Hwy 70, Bartlett, TN 38133-1306
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Bartlett Office Building For Sale

      Single-story office building with expansion potential in Northeast Memphis.
      8363 Wolf Lake Dr, Bartlett, TN 38133
      View Details
    • $1,700,000
      8,120 SF

      Freestanding Flex Building For Sale

      8,120 SF flex building near I-40 and Whitten Road.
      6683 Reese Rd, Memphis, TN 38133
      View Details
    • Contact for pricing
      2,884 SF

      Medical Suite Ready For Sale

      2884 SF medical suite with unique design elements.
      2671 Appling Rd, Memphis, TN 38133
      View Details
    • Contact for pricing
      13,455 SF

      Whitten Place Commercial Building

      13,455 SF commercial building in Memphis' Whitten/I-40 corridor.
      6735 Whitten Pl, Memphis, TN 38133
      View Details
    • Contact for pricing

      New Flex Facility Available

      New flex facility with flexible build-out options available for lease.
      8000 Horizon Center Blvd, Memphis, TN 38133
      View Details
    • $1,600,000
      13,455 SF

      Memphis Light Industrial/Manufacturing Opportunity

      Versatile flex/warehouse space with office, convenient location, and dual power.
      6735 Whitten Rd, Memphis, TN 38133
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Freestanding Office Building For Lease

      Freestanding office building in Bartlett, near Stage Road and Germantown.
      7953 Stage Hills Blvd, Memphis, TN 38133
      View Details
    • Contact for pricing

      Retail/Office Space Near Kroger

      Amazing space near Kroger, Guardian Pharmacy, and Bartlett City Services.
      7657 Us Highway 70, Memphis, TN 38133
      View Details
    • Contact for pricing
      23,179 SF

      Medical Office Building For Rent

      Three-story medical office building in a rapidly growing submarket.
      7865 Educators Ln, Memphis, TN 38133
      View Details
    • $16 SF/Yr

      Memphis Flex and Office Space

      Flex and office spaces available for lease at Whitten and Hillshire.
      6850-6890 Hillshire Dr, Memphis, TN 38133
      View Details
    • Contact for pricing
      3,500 SF

      Office and Warehouse Space Available

      Office and warehouse space for rent in Bartlett, Tennessee.
      8046 N Brother Blvd, Bartlett, TN 38133
      View Details
    • Contact for pricing

      Appling Farms Parkway Flex Space

      Flex space available for lease on Appling Farms Parkway.
      6949 Appling Farms Pkwy, 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.
    2657 Appling Rd
    Memphis, TN 38133-5086
    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

    Thank You for Inquiry

    2657 Appling Rd, Memphis, TN, 38133

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!