3720 Mendenhall Rd Memphis, TN 38115-0835
Property Lookup
Property profile & analytics
3720 Mendenhall Rd Memphis, TN 38115-0835
- Strip malls
- 10,800 SF
- 0.96 lot acres
Property ID
US80-0021724
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 3720 Mendenhall Rd
- Year built
- 1979
- Lot size
- 0.96 lot acres
- Property size
- 10,800 SF
- Zone code
- CMU-1
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 093-400- - -00285
- APU
- 9340000285
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,175,000
- ML approach
- $1,175,000
-
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
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8854
- Latitude
- 35.0468
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,718
$57,160
$85,960
$143,120
-
$142,900
$214,900
$357,800
