Individually Owned Property summary
This Memphis, TN shopping center presents a compelling value-add opportunity. Priced at $1,200,000, this 35,370 square foot property boasts a prime location on Lamar Avenue, a high-traffic corridor averaging 35,000 vehicles daily. Currently 40% occupied, the center features five units, including a Family Dollar anchor tenant and three available retail suites. A vacant, 2nd generation restaurant space offers significant potential for redevelopment, possibly as a quick-service restaurant with… a drive-thru. The property sits on a 3.54-acre lot and is zoned CMU-1, offering flexibility for future tenants. Its strategic location provides easy access to Memphis International Airport, the University of Memphis, and the Memphis Depot Industrial Park, ensuring strong potential for increased occupancy and rental income. This NNN-leased multi-tenant shopping center in Shelby County represents a rare chance to capitalize on a growing area and achieve substantial returns. The property's existing infrastructure and high-traffic location make it an ideal investment for those seeking a value-add opportunity with significant upside potential. The property's Class C designation reflects its current condition, presenting an opportunity for improvement and increased value.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,798 SF
- Lot area
- 0.17 ac
- Year built
- 1956
- Stories
- 1
- APN
- 047-073- - -00032
- Zoning
- CMU-3
- Assessed value · 2023
- $45,320
- Annual tax · 2022
- $2,761
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The CMU-3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Resid…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
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- Alternative use
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