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    Property profile & analytics

    4701 Elvis Presley Blvd Memphis, TN 38116

    • Strip malls
    • 22,495 SF
    • 1.95 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1827242
    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

    • Sizes Unlimited / Clothing & Fashion Store

    Property Details for 4701 Elvis Presley Blvd

    Year built
    1961
    Lot size
    1.95 lot acres
    Property size
    22,495 SF
    Zone code
    CMU-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    077-060- - -00006
    APU
    7706000006

    Description

    Southland Plaza, a 26,000 square foot multi-tenant retail strip center in Memphis, Tennessee, offers a prime 7,500 square foot space for lease. Located at 4701 Elvis Presley Blvd, zip code 38116, this property boasts excellent visibility at the high-traffic intersection of Shelby Drive and Elvis Presley Boulevard, within the Whitehaven submarket. The center benefits from its proximity to Graceland, just minutes away, and is situated in a corridor undergoing significant improvements aimed at redevelopment and creating an enhanced gateway to the iconic landmark. The city's investment of $1 million in renovations to the adjacent YMCA further underscores the area's revitalization. This opportunity provides exceptional visibility to a large customer base. The center currently houses established businesses including Pizza Hut, Rent-A-Center, and H&R Block, creating a strong tenant mix. Ample parking is available for both customers and employees. With a population exceeding 140,000 within a five-mile radius, this location offers significant market reach and potential for substantial business growth. Don't miss this chance to capitalize on the resurgence of this highly trafficked area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,430,000
      Market price range: $632k - $1.53M
      AI Estimate
      $1,052,000
      Market price range: $426k - $1.07M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $965,000
      Current use
      COMMERCIAL (GENERAL)
      $1,360,000
      Change: +41% Conversion: Easy
      RETAIL STORES
      $1,265,000
      Change: +31% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.026
    Latitude
    35.0201
    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
    $35,163
    $136,760
    $440,480
    $577,240
    -
    $341,900
    $1,101,200
    $1,443,100

    Comparable in this City

    • Value Estimation
      $1,580,000
      15,170 SF

      1100 Brks Rd

      SHOPPING CENTER, STRIP CENTER • 15,170 SF
      1100 Brks Rd, Memphis, TN 38116-1706
      View Details
    • Value Estimation
      $835,000
      5,220 SF

      4627 Boeingshire Dr

      SHOPPING CENTER, STRIP CENTER • 5,220 SF
      4627 Boeingshire Dr, Memphis, TN 38116-2019
      View Details
    • Value Estimation
      $1,495,000
      39,200 SF

      884 Brks Rd

      SHOPPING CENTER, STRIP CENTER • 39,200 SF
      884 Brks Rd, Memphis, TN 38116-3123
      View Details
    • Value Estimation by Request
      17,880 SF

      951 Brks Rd

      SHOPPING CENTER, STRIP CENTER • 17,880 SF
      951 Brks Rd, Memphis, TN 38116
      View Details
    • Value Estimation by Request
      3,724 SF

      890 Raines Rd

      SHOPPING CENTER, STRIP CENTER • 3,724 SF
      890 Raines Rd, Memphis, TN 38116-6303
      View Details
    • Value Estimation
      $675,000
      17,480 SF

      4277 Elvis Presley Blvd

      SHOPPING CENTER, STRIP CENTER • 17,480 SF
      4277 Elvis Presley Blvd, Memphis, TN 38116
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      148,249 SF

      Memphis Retail Space: Below Replacement Cost

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      Memphis Storefront Investment Opportunity

      High-Yield Retail Property, Excellent Tenant
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      Freestanding Retail Investment Opportunity

      Single tenant retail property in Memphis, TN. Occupied by Title Max.
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    • $1,200,000
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      Retail Space on Elvis Presley

      5,988 SF retail/warehouse space on 0.69 AC for sale.
      4561 Elvis Presley Blvd, Memphis, TN 38116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,000 SF

      Southland Plaza Retail Space

      Memphis Retail Center: 7,500 SF Available
      4701 Elvis Presley Blvd, Memphis, TN 38116
      View Details
    • Contact for pricing
      67,725 SF

      Renovated Retail Space Near Graceland

      Expansive, renovated retail space near Elvis Presley's Graceland.
      4075 Elvis Presley Blvd, Memphis, TN 38116
      View Details
    • Contact for pricing
      11,357 SF

      Retail Space Near Graceland

      Recently renovated retail space near Elvis Presley's Graceland.
      1056 E Raines Rd, Memphis, TN 38116
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space Near Graceland Gateway

      Retail space available in high-traffic Memphis shopping center.
      4701-4715 Elvis Presley Blvd, Memphis, TN 38116
      View Details
    • $10 SF/Yr
      1,000 SF

      Retail Spaces in Deer Creek

      Two 1,000 SF retail spaces for lease.
      4519-4535 Millbranch Rd, Memphis, TN 38116
      View Details
    • Contact for pricing
      1,008 SF

      Retail Space on Shelby Drive

      Retail space with high visibility near Memphis International Airport.
      1249 E Shelby Dr, Memphis, TN 38116
      View Details
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    Memphis, TN 38116
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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.

    More about this property
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