Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2942 Kirby Whitten Rd Bartlett, TN 38134

    • Grocery and convenience stores
    • 66,768 SF
    • 11.40 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3307775
    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

    • Kroger / Grocery & Convenience Store / Food Market
    • Store 489 / Grocery & Convenience Store / Food Market
    • EcoATM / Recycling Center / Waste Management Facility
    • ATM (First Horizon Bank) / Atm
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store

    Property Details for 2942 Kirby Whitten Rd

    Year built
    1999
    Lot size
    11.40 lot acres
    Property size
    66,768 SF
    Zone code
    SC-1
    Property type
    Grocery and convenience stores
    APN
    B01-57 - - -00879-C
    APU
    B015700879C

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,100,000
      6.5%
      $10,245,000
      7%
      $9,515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,238,000
      Market price range: $2.47M - $9.49M
      AI Estimate
      $5,714,000
      Market price range: $1.92M - $8.46M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,540,000
      Current use
      MEDICAL BUILDING
      $9,550,000
      Change: +72% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,470,000
      Change: +17% Conversion: Difficult
      OFFICE BUILDING
      $5,965,000
      Change: +8% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $5,940,000
      Change: +7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,900,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8387
    Latitude
    35.2069
    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
    $106,258
    $1,267,280
    $1,867,160
    $3,134,440
    -
    $3,168,200
    $4,667,900
    $7,836,100

    Comparable in this City

    • Value Estimation
      $1,510,000
      4,860 SF

      6105 Summer Ave

      CONVENIENCE STORE • 4,860 SF
      6105 Summer Ave, Memphis, TN 38134-6741
      View Details
    • Value Estimation by Request
      2,640 SF

      6215 Macon Rd

      CONVENIENCE STORE • 2,640 SF
      6215 Macon Rd, Memphis, TN 38134-7601
      View Details
    • Value Estimation by Request
      2,166 SF

      6740 Stage Rd

      CONVENIENCE STORE • 2,166 SF
      6740 Stage Rd, Bartlett, TN 38134-2837
      View Details
    • Value Estimation by Request
      880 SF

      2115 Sycamore Vw Rd

      CONVENIENCE STORE • 880 SF
      2115 Sycamore Vw Rd, Memphis, TN 38134-5728
      View Details
    • Value Estimation by Request
      4,125 SF

      5984 Stage Rd

      CONVENIENCE STORE • 4,125 SF
      5984 Stage Rd, Bartlett, TN 38134-8312
      View Details
    • Value Estimation
      $540,000
      5,250 SF

      5512 Stage Rd

      CONVENIENCE STORE • 5,250 SF
      5512 Stage Rd, Bartlett, TN 38134-4468
      View Details

    Similar Nearby for Sale

    • $1,725,000
      5,513 SF

      Prime Bartlett Retail Opportunity

      High-Visibility, Kroger Outparcel, $1.725M
      2936 Kirby Whitten Rd, Bartlett, TN 38134
      View Details
    • Contact for pricing
      1,818 SF

      High-Visibility Retail Property For Sale

      Retail property with drive-thru, modern finishes, and ample parking.
      1615 Sycamore View Rd, Memphis, TN 38134
      View Details
    • Contact for pricing
      6,493 SF

      Retail Property on Summer Avenue

      6,493 SF retail property available for sale.
      6349 Summer Ave, Bartlett, TN 38134
      View Details
    • Contact for pricing
      3,543 SF

      Restaurant Endcap in Kroger Center

      Restaurant endcap available in Kroger anchored shopping center.
      2942-2990 Kirby Whitten Rd, Bartlett, TN 38134
      View Details
    • Contact for pricing

      Retail Flex Building in Bartlett

      6,218 SF retail flex building in historic district.
      5847 Stage Rd, Bartlett, TN 38134
      View Details
    • $149,977
      2.95 Acres

      Development Opportunity Land in Bartlett

      2.96 acres of land suitable for residential development.
      5259 Stage Ave, Bartlett, TN 38134
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Building on High-Traffic Corner

      Restaurant building for rent on a high-traffic corner.
      5829 Summer Ave, Memphis, TN 38134
      View Details
    • Contact for pricing
      116,000 SF

      Crestview Industrial Space Available

      Memphis Flex/Warehouse Space for Lease
      5455 Crestview Rd, Memphis, TN 38134
      View Details
    • Contact for pricing
      38,224 SF

      Shelby Oaks Flex/Showroom Space

      38,224 SF flex/showroom space with fenced storage and parking.
      1725 Shelby Oaks Dr N, Memphis, TN 38134
      View Details
    • Contact for pricing
      8,700 SF

      Retail Space in Bartlett, TN

      Retail space available for lease in Bartlett, Tennessee.
      2801-2861 Bartlett Blvd, Bartlett, TN 38134
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space on Whitten Road

      1,440 SF retail space in high-traffic Memphis center.
      1674 Whitten Rd, Memphis, TN 38134
      View Details
    • $17 SF/Yr
      900 SF

      Retail Space in Bartlett, TN

      Retail space available in a well-located Bartlett property.
      6196-6220 Stage Rd, Bartlett, TN 38134
      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.
    2942 Kirby Whitten Rd
    Bartlett, TN 38134
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!