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    3150 Thomas St Memphis, TN 38127

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    3150 Thomas St Memphis, TN 38127


    • Strip malls
    • 36,318 SF
    • 17.36 lot acres
    Retail Space in Shopping Center For Lease
    $1,040,000

    Retail Space in Shopping Center

    Retail space available in high-traffic shopping center.

    3150 Thomas St, Memphis, TN 38127
    View Listing
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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
    Shopping 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 Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $950,000
      Market price range: $615k - $1.95M

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


    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
    View Listing
    More about this property
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