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    3785 Forest Hill Irene Rd Memphis, TN 38125
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    3785 Forest Hill Irene Rd Memphis, TN 38125

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    • Commercial real estate
    • 1 SF
    • 2.53 lot acres
    For Sale
    View Listing →
    Land Parcels For Sale/Lease For Sale
    Contact for pricing

    Land Parcels For Sale/Lease

    Three land parcels available at Winchester and Forest Hill Irene.

    3785 Forest Hill Irene Rd, Memphis, TN 38125
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    Property ID
    US80-2895044
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3785 Forest Hill Irene Rd

    Lot size
    2.53 lot acres
    Property size
    1 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 3785 Forest Hill Irene Rd in Memphis, Tennessee, presents a unique investment opportunity. The site encompasses 2.53 acres of land, ideally situated at a high-traffic, well-lighted intersection of Forest Hill Irene Road and Winchester Road. The property is zoned for retail use and offers three separate parcels available for ground lease, providing flexibility for various development scenarios. Each parcel is approximately one acre in size, allowing for individual development or a cohesive multi-tenant project. The property's prime location within Shelby County ensures high visibility and accessibility for potential businesses. This is an excellent chance to acquire a substantial land parcel in a thriving Memphis commercial area, offering significant potential for growth and return on investment. The property's size and location make it suitable for a variety of retail developments, catering to the needs of the surrounding community. The multiple parcels allow for flexibility in development plans, accommodating different business sizes and needs. Detailed site plans and zoning information are available upon request. This is a rare opportunity to secure a prominent retail location in a rapidly growing area of Memphis. Don't miss out on this chance to capitalize on the potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.761322
    Latitude
    35.047046

    Comparable in this City

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      Forest Hill Heights Retail Center

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      Retail Space for Lease

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      Retail Space on Polo Grounds

      Retail space available on Polo Grounds Blvd, Memphis.
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      Shopping Center on Riverdale & Winchester

      157,695 SF shopping center at a prime Memphis location.
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      Retail Space in Centennial Crossing

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      Land Parcel For Sale

      2.68 acre land parcel available for purchase.
      Tyndale Dr, Memphis, TN 38125
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      Land Parcels For Sale/Lease

      Three land parcels available at Winchester and Forest Hill Irene.
      3785 Forest Hill Irene Rd, Memphis, TN 38125
      View Details
    • $130,000
      2.08 Acres

      2.08 Acres Land in Memphis

      2.08-acre lot to build your dream home.
      Memphis, TN 38125
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    Similar Nearby for Lease

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      28,200 SF

      Forest Hill Heights Retail Center

      Germantown, TN: Prime Retail Opportunity
      0 Frst Hl Irene Rd And Winchester Rd, Memphis, TN 38125
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Memphis, Tennessee.
      7706 Winchester Rd, Memphis, TN 38125
      View Details
    • Contact for pricing

      Retail Center on Winchester Road

      Retail center with high traffic and tenant mix.
      7237 Winchester Rd, Memphis, TN 38125
      View Details
    • Contact for pricing
      45,750 SF

      Retail Space in Memphis

      Large retail property available for lease in Memphis, Tennessee.
      7741 Centennial Dr, Memphis, TN 38125
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Polo Grounds

      Retail space available on Polo Grounds Blvd, Memphis.
      7686-7766 Polo Grounds Blvd, Memphis, TN 38125
      View Details
    • Contact for pricing

      Shopping Center on Riverdale & Winchester

      157,695 SF shopping center at a prime Memphis location.
      7110 Winchester Rd, Memphis, TN 38125
      View Details
    View Listing
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    Memphis, TN 38125
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    3785 Forest Hill Irene Rd, Memphis, TN, 38125
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