Property profile

3689 Houston Levee Rd Collierville, TN 38017

OFF-MARKET
Retail space
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Property ID
US80-1791995
15,048 SF 2.02 ac Built 2002
Last sale Mar 2007·$17,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 26-yr Hold Held for 26 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a fee simple retail real estate asset comprising both land and building ownership. It has been leased to Walgreens (Walgreen Co.) under a corporate-signed net lease structure with limited landlord responsibilities and includes a corporate guarantor. The retail building is located on a signalized corner at the intersection of S. Houston Levee Rd. and Winchester Rd. and is positioned with substantial street frontage, including a large monument sign. The site sits as an outparcel…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$41k
Tax billed · 2022
Assessed value · 2023$800k
Assessed land$779k
Assessed improvement$21k
Effective rate5.11%

Value estimate

· Nov 2026
$410k
$369k – $451k
CAP approach$2.10M
Submarket $/SF estimate$2.08M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$90/SF
County average, outlier-cleaned · 376 recorded sales of this use type
Observed band · Q1–Q3$38 – $151
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
SCC
These districts are designed to provide for the development of shopping and commercial centers of integrated design of various sizes to s...
General categoryCOMMERCIAL
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop13.7
Building Supply13.1
Law Firm11.8

Location

3689 Houston Levee Rd Collierville, TN 38017-9014
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1088 Poplar, Collierville, TN 38017-2505 $10,000,000 Apr 2025 34,356 SF
240 Us Hwy 72, Collierville, TN 38017-2920 $4,174,600 Mar 2025 22,272 SF
547 Poplar, Collierville, TN 38017-2537 $1,919,560 Oct 2024 7,520 SF
1015 Poplar, Collierville, TN 38017-3180 $1,781,593 Jul 2023 6,570 SF
450 Us Hwy 72, Collierville, TN 38017-2804 $1,375,000 Apr 2022 19,152 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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