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Property profile & analytics
OFF-MARKET
Strip malls
3802 Mendenhall Rd Memphis, TN 38115-0837
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0092246
Property summary
AI-generated overview
This exceptional value-add investment opportunity presents a 15,900 square foot retail storefront located at 3802 S Mendenhall Rd, Memphis, TN 38115. Currently operating at 17% occupancy, this multi-tenant property offers significant upside potential for a savvy investor. The property features excellent visibility and a large parking area, situated in a high-traffic area near the intersection of Winchester Rd, within Memphis's thriving industrial market. The existing lease structure is NNN (Triple Net), although some leases may require conversion to a traditional NNN structure to maximize returns. The property's current NOI, if fully leased, is projected at $126,000. This presents a unique chance to increase profitability by securing new tenants at market rates. The property is ideal for owner-users seeking to expand their business or investors looking to capitalize on a strong Memphis location and significant value-add potential. The asking price for this Shelby County retail center is $725,000.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
15,900 SF
Lot
1.32 ac (57,325 SF)
Zoning code
CMU-1
APN
093-417- -M-00001-C
UPID
US80-0092246
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
Last sale
$1.2M
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)
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
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
$12,834
Tax year 2022
Assessed value
$210,680
Assessed 2023
Previous assessed
$210,680
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$76,840
Assessed improvement
$133,840
Land market value
$192,100
Improvement market value
$334,600
Total market value
$526,700
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
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
15,900 SF
Lot
1.32 ac (57,325 SF)
Zoning code
CMU-1
APN
093-417- -M-00001-C
UPID
US80-0092246
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.32 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
9 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
—
Seven Brothers Properties LLC
Mohammad Ibrahim
Quitclaim Deed
related
—
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
Feb 13, 2004
—
Joe Poppenheimer Mgmt LLC
Poppenheimer,joseph
Quit Claim Deed
related
—
—
—
Joseph Poppenheimer
—
Deed Of Trust
related
$800,000 · Bancorp South 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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