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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Strip malls
3720 Mendenhall Rd Memphis, TN 38115-0835
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0021724
Property summary
AI-generated overview
This 10,800 square foot multi-tenant storefront property at 3720 S Mendenhall Rd, Memphis, TN 38115, is offered for sale at $650,000. Currently 80% occupied, this value-add retail investment presents a significant opportunity for increased profitability. The property features excellent visibility and ample parking, both in front and behind the center. Its location near Memphis's thriving industrial market and at the intersection of S Mendenhall Road and Winchester Rd ensures high traffic volume. The current lease structure is NNN (Triple Net), with potential for increased income through lease renewals at market rates and conversion of existing leases to traditional NNN terms. The property's strong NOI of $71,666 demonstrates its current financial performance and the potential for future growth. This is an ideal investment for owner-users seeking to capitalize on a prime retail location with significant upside potential. The property is situated in Shelby County and benefits from its proximity to a dynamic industrial sector, further enhancing its investment appeal.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Total area
10,800 SF
Lot
0.96 ac (41,687 SF)
Zoning code
CMU-1
APN
093-400- - -00285
UPID
US80-0021724
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
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
Seven Brothers Properties LLC · 6 yrs held
Seven Brothers Properties LLC
since 2019
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+94.9%
Apartment house (5+ units)
$960,000
+21.2%
Office building
$895,000
+12.6%
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)
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
$1,175,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Current use
MEDICAL BUILDING
$1,545,000
Change: +95% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$960,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: +13% · Conversion: Moderate
AUTO REPAIR, GARAGE
$745,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$710,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.18M (Dec 13 2024)
Last sale anchor
$1.18M
Dec 13 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
$109 / 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
$8,718
Tax year 2022
Assessed value
$143,120
Assessed 2023
Previous assessed
$143,120
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$57,160
Assessed improvement
$85,960
Land market value
$142,900
Improvement market value
$214,900
Total market value
$357,800
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
1979
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,800 SF
Lot
0.96 ac (41,687 SF)
Zoning code
CMU-1
APN
093-400- - -00285
UPID
US80-0021724
Jurisdiction
SHELBY
Zoning & alternative use
CMU-1 · Memphis, TNZoning 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$795,000
MEDICAL BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$960,000
OFFICE BUILDING
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$745,000
RETAIL STORES
Est. value
$710,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Seven Brothers Properties LLC
Entity
Mailing address
6926 E SHELBY DR, MEMPHIS, TN 38141-0265
Ownership since
2019
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
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
Sep 14, 2004
—
Joe Poppenheimer Mgmt LLC
Poppenheimer,joseph
Quit Claim Deed
related
$331,345 · Regency Savings Bank
May 4, 2004
—
Joe Poppenheimer Mgmt LLC
Poppenheimer,joseph
Quit Claim Deed
related
—
—
—
Mend-am LLC
—
Deed Of Trust
related
$2,415,000 · Sun Life Assurance 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.
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