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Property profile & analytics
OFF-MARKET
Strip malls

3209 Mendenhall Rd Memphis, TN 38115-2938

7,000 SF 0.34 ac lot Built 1972
Individually Owned ~ Est. High Equity
Property ID
US80-1554465
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1972
Total area 7,000 SF
Lot 0.34 ac (14,985 SF)
Zoning code CMU-1
APN 074-037- -D-00006
UPID US80-1554465
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Xing Wang Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Baldev Singh
Baldev Singh
since 2025
Last sale
$405,000
7 recorded transactions
2025
$405,000
2018
Price N/A
2018
Price N/A
2016
$305,000
2016
Price N/A
2016
$150,000
1969
Price N/A
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…

Zone name Commercial Mixed Use 1
General category MIXED_USE
Zone area 3,556.17 ac
Source CHAPTER 1
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