Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Distribution Pkwy Collierville, TN 38017-2945

    • Auto shops
    • 8,050 SF
    • 0.73 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2023
    $144,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1784425
    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.

    Current Use by Public Records

    • Joe Stewart Collision / Auto Body Shop / Auto Glass Shop

    Property Details for 400 Distribution Pkwy

    Year built
    1997
    Lot size
    0.73 lot acres
    Property size
    8,050 SF
    Zone code
    RI
    Property type
    Auto shops
    APN
    C02-44A- -E-00001
    APU
    C0244AE00001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.6677
    Latitude
    35.034
    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
    $9,270
    $50,600
    $130,800
    $181,400
    -
    $126,500
    $327,000
    $453,500

    Comparable in this City

    • Value Estimation by Request
      1,755 SF

      165 Byhalia Rd

      AUTO REPAIR, GARAGE • 1,755 SF
      165 Byhalia Rd, Collierville, TN 38017-9313
      View Details
    • Value Estimation
      $540,000
      20,427 SF

      615 Poplar Ave

      AUTO REPAIR, GARAGE • 20,427 SF
      615 Poplar Ave, Collierville, TN 38017-6514
      View Details
    • Value Estimation by Request
      7,900 SF

      1100 Poplar Ave

      AUTO REPAIR, GARAGE • 7,900 SF
      1100 Poplar Ave, Collierville, TN 38017-3101
      View Details
    • Value Estimation by Request
      3,037 SF

      378 Us Hwy 72

      AUTO REPAIR, GARAGE • 3,037 SF
      378 Us Hwy 72, Collierville, TN 38017-2804
      View Details
    • Value Estimation by Request
      13,036 SF

      653 Us Hwy 72

      AUTO REPAIR, GARAGE • 13,036 SF
      653 Us Hwy 72, Collierville, TN 38017-6501
      View Details
    • Value Estimation by Request
      6,810 SF

      689 Commerce Pkwy

      AUTO REPAIR, GARAGE • 6,810 SF
      689 Commerce Pkwy, Collierville, TN 38017-2927
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Collierville Mixed-Use Development

      Prime Retail & Land Opportunity in Collierville, TN
      385 & Houston Levee Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Mixed-Use Development Opportunity

      Proposed mixed-use development with retail and outparcel opportunities.
      385 & Houston Levee Rd, Collierville, TN 38017
      View Details
    • $595,000
      2,372 SF

      Collierville Restaurant - Hwy 72

      Prime Hwy 72 restaurant, 2372 sq ft.
      144 Us Highway 72, Collierville, TN 38017
      View Details
    • $2,000,000
      6.83 Acres

      Collierville Development Land - Hwy 72

      Prime 6.83-acre commercial site.
      108 Us Highway 72, Collierville, TN 38017
      View Details
    • Contact for pricing
      3.68 Acres

      Collierville Commercial Land Parcels

      Prime Collierville land, ideal for development.
      4660 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing
      26.00 Acres

      Collierville Commercial Land - 26 Acres

      Prime Collierville location, FedEx campus view.
      4097 Bailey Station Rd, Collierville, TN 38017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,179 SF

      Collierville Retail Center Opportunity

      Prime Retail Space Available in Collierville, TN
      875 Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing
      91,683 SF

      Collierville Retail Center Investment

      Prime Collierville shopping center, multiple suites available.
      4674 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Carriage Crossing

      Thriving lifestyle center with retail and professional services tenants.
      4600 Merchants Park Cir, Collierville, TN 38017
      View Details
    • $32 SF/Yr
      10,594 SF

      Collierville Retail Space - 1,340 SF

      Prime Collierville retail space, 1,340 sq ft, ready for tenant build-out.
      9959 Winchester Rd, Collierville, TN 38017
      View Details
    • Contact for pricing
      10,731 SF

      Collierville Retail Space Available

      High-traffic retail space, 4,300 sq ft available.
      10210 Collierville Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Shopping Center For Lease

      Fully leased 65,900 SF shopping center in Collierville, Tennessee.
      3660 S Houston Levee Rd, Collierville, TN 38017
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Distribution Pkwy
    Collierville, TN 38017-2945
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.