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

    2788 Bartlett Rd Bartlett, TN 38134-4551

    • Investment properties
    • 4,770 SF
    • 1.23 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2021
    $265,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0588397
    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

    • Happy Food las delicias / Restaurant

    Property Details for 2788 Bartlett Rd

    Year built
    1969
    Construction
    FRAME
    Lot size
    1.23 lot acres
    Property size
    4,770 SF
    Zone code
    CG-MS
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    B01-56 - - -00540-C
    APU
    B015600540C

    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
    Bartlett
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.868
    Latitude
    35.2017
    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
    $2,476
    $34,240
    $38,800
    $73,040
    -
    $85,600
    $97,000
    $182,600

    Comparable in this City

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      11,100 SF

      5065 Covington Way

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    • Value Estimation by Request
      7,072 SF

      5521 Pleasant Vw Rd

      INDUSTRIAL LOFT BUILDING • 7,072 SF
      5521 Pleasant Vw Rd, Memphis, TN 38134-6562
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    • Value Estimation by Request
      17,370 SF

      5210 Pleasant Vw Rd

      INDUSTRIAL LOFT BUILDING • 17,370 SF
      5210 Pleasant Vw Rd, Memphis, TN 38134-6330
      View Details
    • Value Estimation by Request
      5,000 SF

      5154 Elmore Rd

      INDUSTRIAL LOFT BUILDING • 5,000 SF
      5154 Elmore Rd, Memphis, TN 38134-5648
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    • Value Estimation
      $4,170,000
      13,885 SF

      6047 Executive Ctr Dr

      INDUSTRIAL LOFT BUILDING • 13,885 SF
      6047 Executive Ctr Dr, Memphis, TN 38134-7633
      View Details
    • Value Estimation
      $10,865,000
      130,568 SF

      6423 Shelby Vw Dr

      INDUSTRIAL LOFT BUILDING • 130,568 SF
      6423 Shelby Vw Dr, Memphis, TN 38134-7614
      View Details

    Similar Nearby for Sale

    • $479,900

      Summer Ave Commercial Land

      Large tract, high-traffic location.
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    • $1,725,000
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      Prime Bartlett Retail Opportunity

      High-Visibility, Kroger Outparcel, $1.725M
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      Office Space in Old Bartlett

      3,262 SF office space for sale in Old Bartlett.
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      Land For Sale Bartlett

      Land available for sale at 2942 Kirby Whitten Rd
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    • $845,370
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      High-Visibility Retail Property For Sale

      Retail property with drive-thru, modern finishes, and ample parking.
      1615 Sycamore View Rd, Memphis, TN 38134
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    • $218,512
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      Bartlett, TN Commercial Land

      Centrally located commercial land with growth potential in Bartlett, TN.
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    Similar Nearby for Lease

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      6,000 SF

      Bartlett Flex Space: 6,000 SF

      Prime Bartlett industrial flex space available.
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      9,700 SF

      Available Office Space for Lease

      9,700 SF office space with signage and ample parking.
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      1,440 SF

      Retail Space on Whitten Road

      1,440 SF retail space in high-traffic Memphis center.
      1674 Whitten Rd, Memphis, TN 38134
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    • Contact for pricing
      3,750 SF

      Shelby Oaks Flex Space Available

      High-end flex space with convenient access to amenities.
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      126,500 SF

      Memphis Industrial Property For Rent

      Industrial property available for rent in Memphis, Tennessee.
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    • Contact for pricing
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      Flex Space in Business Park

      Flex space available for lease in Memphis, Tennessee.
      1665 N Shelby Oaks Dr, Memphis, TN 38134
      View Details
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    2788 Bartlett Rd
    Bartlett, TN 38134-4551
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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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