Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    4954 Elmore Rd Memphis, TN 38128-6918

    • Auto shops
    • 9,960 SF
    • 2.52 lot acres
    OFF-MARKET
    Value Estimation
    $4,600,000
    Last Sale
    Mar 25, 2025
    $5,250,000
    Location Intelligence
    Property ID
    US80-1626664
    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

    • Chris Moore At Auto Next / Used Car Dealer / Car Dealer
    • Auto Next / Used Car Dealer / Car Finance And Loan Company
    • Pace Financial / Car Finance And Loan Company
    • TBC Fleet America / Auto Repair Shop

    Property Details for 4954 Elmore Rd

    Year built
    2001
    Lot size
    2.52 lot acres
    Property size
    9,960 SF
    Zone code
    IH
    Property type
    Auto shops
    APN
    088-039- - -00062
    APU
    8803900062

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,135,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,120,000
      6.5%
      $4,790,000
      7%
      $4,990,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,880,000
      Geo Method
      $5,670,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,140,000
      Retail
      $4,630,000
      Mixed-Use
      $5,655,000
      Hospitality
      $5,960,000
      Educational
      $5,265,000
      Residential Income
      $6,165,000
      Energy
      $5,080,000
      Income-Based Land
      $4,735,000
      Food Service
      $5,660,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8988
    Latitude
    35.1864
    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
    $11,062
    $56,840
    $124,760
    $181,600
    -
    $142,100
    $311,900
    $454,000

    Comparable in this City

    • Value Estimation by Request
      1,653 SF

      4095 Jackson Ave

      AUTO REPAIR, GARAGE • 1,653 SF
      4095 Jackson Ave, Memphis, TN 38128-6347
      View Details
    • Value Estimation
      $220,000
      2,640 SF

      2525 Covington Pike

      AUTO REPAIR, GARAGE • 2,640 SF
      2525 Covington Pike, Memphis, TN 38128-6002
      View Details
    • Value Estimation
      $80,000
      8,358 SF

      4310 Old Raleigh Lagrange Rd

      AUTO REPAIR, GARAGE • 8,358 SF
      4310 Old Raleigh Lagrange Rd, Memphis, TN 38128-5746
      View Details
    • Value Estimation
      $335,000
      5,279 SF

      4321 Stage Rd

      AUTO REPAIR, GARAGE • 5,279 SF
      4321 Stage Rd, Memphis, TN 38128-5793
      View Details
    • Value Estimation
      $235,000
      7,350 SF

      4340 Stage Rd

      AUTO REPAIR, GARAGE • 7,350 SF
      4340 Stage Rd, Memphis, TN 38128-5727
      View Details
    • Value Estimation
      $280,000
      6,000 SF

      4920 Elmore Rd

      AUTO REPAIR, GARAGE • 6,000 SF
      4920 Elmore Rd, Memphis, TN 38128-6933
      View Details

    Similar Nearby for Sale

    • $1,100,000
      2,089 SF

      Valvoline NNN Ground Lease Opportunity

      New construction Valvoline NNN ground lease in Memphis, Tennessee.
      4704 Yale Rd, Memphis, TN 38128
      View Details
    • $799,000
      8,000 SF

      Memphis Retail Building - 8,000 SF

      Prime North Memphis location, ideal for owner-user.
      3544 Covington Pike, Memphis, TN 38128
      View Details
    • Contact for pricing

      Restaurant Building in Raleigh Trade

      Freestanding 5,762 SF restaurant on 1.2 acres for sale.
      3081 Covington Pike, Memphis, TN 38128
      View Details
    • $225,000

      Memphis Commercial Property on Raleigh-Millington

      3,000 SF commercial building suitable for various business types.
      4015 Raleigh-Millington, Memphis, TN 38128
      View Details
    • Contact for pricing
      5,762 SF

      Memphis Restaurant - Covington Pike

      Freestanding Restaurant, 5,762 SF, High Traffic
      3081 Covington Pike, Memphis, TN 38128
      View Details
    • $1,399,000

      Versatile Commercial Property in Memphis

      20,700 SF commercial property suitable for various business ventures.
      3320 Austin Peay Hwy, Memphis, TN 38128
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,885 SF

      Covington Springs Retail Center

      Memphis Shopping Center: Suites Available
      3830-3854 Austin Peay Hwy, Memphis, TN 38128
      View Details
    • Contact for pricing
      17,755 SF

      Timber Creek Retail Center Spaces

      Multiple Suites, 1355-12700 SF Available
      2794 Coleman Rd, Memphis, TN 38128
      View Details
    • $11 SF/Yr
      20,000 SF

      Covington Pike Restaurant Space

      Memphis Retail/Office Opportunity
      3024 Covington Pike, Memphis, TN 38128
      View Details
    • Contact for pricing
      570 SF

      Memphis Retail Space - Covington Pike

      Prime 570 SF Retail/Restaurant Space
      2974 Covington Pike, Memphis, TN 38128
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Austin Peay

      Retail space in busy shopping center with high traffic.
      3421-4565 Austin Peay Hwy, Memphis, TN 38128
      View Details
    • Contact for pricing
      37,246 SF

      Village on the Pike Retail Center

      Memphis retail space, ample parking.
      2940 Covington Pike, Memphis, TN 38128
      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.
    4954 Elmore Rd
    Memphis, TN 38128-6918
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    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.