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Property profile & analytics
OFF-MARKET
Strip malls
3698 Mendenhall Rd Memphis, TN 38115-4801
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1827442
Property summary
AI-generated overview
This exceptional retail opportunity is located at 3698 S Mendenhall Rd, Memphis, TN 38115, a high-visibility location in the Southeast submarket. The property consists of two single-story buildings totaling 24,000 square feet, situated on a 2.5 to 2.8-acre lot. The strip center offers multiple suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 3,600 square feet. Currently, there are 8 suites in total, with 9,618 square feet of vacant space available. The property enjoys excellent street exposure on S Mendenhall Rd, benefiting from high daily traffic counts exceeding 24,710 vehicles. Its convenient location near Winchester Rd places it within a thriving commercial area. The property is zoned commercial and offers a prime opportunity for retailers seeking a high-traffic location in a well-established Memphis neighborhood. The cross street is Flowering Peach.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1978
Total area
10,860 SF
Lot
1.03 ac (44,736 SF)
Zoning code
CMU-1
APN
093-400- - -00287
UPID
US80-1827442
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shiv Shakti Properties LLC · 1 yrs held
Shiv Shakti Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis 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)
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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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,767
Tax year 2022
Assessed value
$143,920
Assessed 2023
Previous assessed
$143,920
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$61,000
Assessed improvement
$82,920
Land market value
$152,500
Improvement market value
$207,300
Total market value
$359,800
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
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,860 SF
Lot
1.03 ac (44,736 SF)
Zoning code
CMU-1
APN
093-400- - -00287
UPID
US80-1827442
Jurisdiction
SHELBY
Zoning & alternative use
CMU-1 · Memphis, TN
Zoning CMU-1 · permitted uses
CMU-1 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Shiv Shakti Properties LLC
Entity
Mailing address
6926 E SHELBY DR, MEMPHIS, TN 38141-0265
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
$1,175,000
Shiv Shakti Properties LLC
Seven Brothers Properties LLC
Deed
related
$940,000 · Seven Brothers Properties LLC
Dec 13, 2024
$1,175,000
Shiv Shakti Properties LLC
Seven Brothers Properties LLC
Special Warranty Deed
$940,000 · Seven Brothers Properties LLC
Nov 27, 2024
—
Mohammad Ibrahim
Not Provided
Deed
—
Sep 3, 2019
—
Seven Brothers Properties LLC
Ibrahim,mohammad
Quit Claim Deed
related
—
Aug 29, 2012
$950,000
Lexington Funding LLC
Mend-am LLC
Warranty Deed
related
—
Feb 27, 2012
—
Aaron Muschel
—
Trustees Deed
related
$1,344,000 · Gerald Chambers
Jan 5, 2007
$3,220,000
Mend-am LLC
Joe Poppenheimer Mgmt LLC
Warranty Deed
$2,450,000 · Merchants & Farmers Bank
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.
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