Back to Search
Property profile & analytics
FOR LEASE
Strip malls
3660 S Houston Levee Rd Collierville, TN 38017
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1066169
For Lease
1 / 16
$19,200,000
3660 S Houston Levee Rd, Collierville, TN 38017
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
28,643 SF
Lot
6.26 ac (272,642 SF)
Zoning code
R-3
APN
C02-43 - - -00485
UPID
US80-1066169
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
-
Club Pilates Gym & Fitness Center
-
Manduu Collierville Gym & Fitness Center
-
European Wax Center Spa & Massage Center Skin Care Clinic
-
Night Owl T-Shirt Quilts (Bike/Boat/Book/etc) Store Home Decor Store
-
Bikes Plus-Collierville (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$19.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.20M
Owner & transaction history
Cl Houston Leeve Galleria Tn LLC · 1 yrs held
Cl Houston Leeve Galleria Tn LLC
since 2024
Last sale
$19.2M
7 recorded transactions
Zoning & alternative use
R-3 · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
These districts are designed to provide suitable areas for high density residential development where appropriate urban services and facilities are provided or where the extension of such services and facilities will be physically and economically feasible. Generally, these districts will be characterized by single family detached dwellings and duplexes.
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
833.48 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$19,200,000
ML approach
$19,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.20M
Range $17.28M – $21.12M · ±10% · vs last sale $19.20M (Nov 5 2024)
Last sale anchor
$19.20M
Nov 5 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$670 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$219,644
Tax year 2022
Assessed value
$4,298,320
Assessed 2023
Previous assessed
$4,298,320
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$1,485,040
Assessed improvement
$2,813,280
Land market value
$3,712,600
Improvement market value
$7,033,200
Total market value
$10,745,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
28,643 SF
Lot
6.26 ac (272,642 SF)
Zoning code
R-3
APN
C02-43 - - -00485
UPID
US80-1066169
Jurisdiction
SHELBY
Zoning & alternative use
R-3 · Collierville, TNZoning R-3 · permitted uses
R-3 · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
These districts are designed to provide suitable areas for high density residential development where appropriate urban services and facilities are provided or where the extension of such services and facilities will be physically and economically feasible. Generally, these districts will be characterized by single family detached dwellings and duplexes.
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
833.48 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
6.26 ac
Current owner
From public records · entity-resolved
Cl Houston Leeve Galleria Tn LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 2045, LAS CRUCES, NM 88004-2045
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2024
$19,200,000
Cl Houston Leeve Galleria Tn LLC
Houston Levee Galleria Shopping Ctr
Special Warranty Deed
—
Feb 6, 2018
—
Houston Levee Galleria Shoppin
—
Deed
related
$10,000,000 · Miscellaneous Ins Co
Mar 12, 2008
$555,459
Ptl-houston Levee Galleria LLC
Dbsi Houston Levee Galleria Ll
Grant Deed
—
Mar 12, 2008
$604,183
Levee Galler Vanwagner-houston
Dbsi Houston Levee Galleria Ll
Grant Deed
—
Mar 5, 2008
$584,693
Levee Galler Rudebusch-houston
Dbsi Houston Levee Galleria Ll
Grant Deed
—
Mar 5, 2008
$292,346
Levee Galleria L Groen-houston
Dbsi Houston Levee Galleria Ll
Grant Deed
—
Mar 5, 2008
$370,306
Levee Galleria Darling-houston
Dbsi Houston Levee Galleria Ll
Grant Deed
—
Feb 27, 2008
$822,022
Levee Galleria L Barry-houston
Dbsi Houston Levee Galleria Ll
Grant Deed
—
Feb 27, 2008
$495,040
Levee Galleria L Bentz-houston
Dbsi Houston Levee Galleria Ll
Grant Deed
—
—
—
Houston Levee Galleria Shoppin
—
Deed Of Trust
related
$10,000,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
