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Property profile & analytics

3150 Thomas St Memphis, TN 38127

  • Strip malls
  • 36,318 SF
  • 17.36 lot acres
Value Estimation
$540,000
Location Intelligence
Property ID
US80-0603346
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

  • Strip malls

Property Details for 3150 Thomas St

Year built
1955
Lot size
17.36 lot acres
Property size
36,318 SF
Zone code
CMU-2
Property type
Strip malls
Property subtype
Neighborhood centers
APN
069-032- - -00026
APU
6903200026

Description

Northgate Shopping Center, located at 3150 Thomas St, Memphis, TN 38127, presents a compelling retail investment opportunity. This Class B shopping center, totaling 153,466 square feet, offers multiple tenancy options across four buildings. Built in 1963 and renovated in 2014, the property boasts excellent visibility and accessibility, situated on a high-traffic road with convenient access at a traffic signal. Available spaces range from a minimum of 755 square feet to a maximum contiguous space of 17,065 square feet, providing flexibility for a variety of retail businesses. The center benefits from a strong tenant mix, including established businesses such as Gordin's Butcher Shoppe, AutoZone, Subway, and Bestway Rent to Own, alongside other local businesses like a nail salon, beauty supply store, and an eye doctor. The property is located in Shelby County, near the intersection of Thomas Street and Whitney Street. This well-established shopping center offers a unique opportunity to capitalize on a prime Memphis location with a diverse and successful tenant base.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-90.0302
Latitude
35.2123
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
$24,581
$378,200
$25,320
$403,520
-
$945,500
$63,300
$1,008,800
More about this property
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