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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5103 Raleigh Lagrange Rd Memphis, TN 38134-5625

    • Auto shops
    • 3,960 SF
    • 0.53 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2022
    $265,417
    Value Estimations
    $205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1769475
    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

    • Ann's Automotive Service & Repair LLC / Engine Rebuilding Service / Small Engine Repair Service

    Property Details for 5103 Raleigh Lagrange Rd

    Year built
    2001
    Lot size
    0.53 lot acres
    Property size
    3,960 SF
    Zone code
    CMU-2
    Property type
    Auto shops
    APN
    088-031- - -00042
    APU
    8803100042

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $210,000
      ML approach
      $230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $182,000
      Market price range: $149k - $731k
      AI Estimate
      $151,000
      Market price range: $151k - $358k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $330,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8931
    Latitude
    35.1915
    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
    $2,517
    $37,200
    $4,120
    $41,320
    -
    $93,000
    $10,300
    $103,300

    Comparable in this City

    • Value Estimation
      $280,000
      9,000 SF

      5106 Elmore Rd

      AUTO REPAIR, GARAGE • 9,000 SF
      5106 Elmore Rd, Memphis, TN 38134-5654
      View Details
    • Value Estimation
      $965,000
      7,000 SF

      2370 Covington Cv

      AUTO REPAIR, GARAGE • 7,000 SF
      2370 Covington Cv, Memphis, TN 38134-5233
      View Details
    • Value Estimation
      $455,000
      1,727 SF

      5694 Stage Rd

      AUTO REPAIR, GARAGE • 1,727 SF
      5694 Stage Rd, Bartlett, TN 38134-4516
      View Details
    • Value Estimation
      $135,000
      1,440 SF

      5904 Summer Ave

      AUTO REPAIR, GARAGE • 1,440 SF
      5904 Summer Ave, Memphis, TN 38134-6720
      View Details
    • Value Estimation
      $290,000
      2,688 SF

      1780 Bartlett Rd

      AUTO REPAIR, GARAGE • 2,688 SF
      1780 Bartlett Rd, Memphis, TN 38134-6407
      View Details
    • Value Estimation
      $385,000
      5,124 SF

      1414 Bartlett Rd

      AUTO REPAIR, GARAGE • 5,124 SF
      1414 Bartlett Rd, Memphis, TN 38134-7102
      View Details

    Similar Nearby for Sale

    • $1,665,000

      Retail Property for Sale

      Retail property available for purchase in Memphis, Tennessee.
      1688 Sycamore View Rd, Memphis, TN 38134
      View Details
    • $790,000
      6,493 SF

      Retail Property on Summer Avenue

      6,493 SF retail property available for sale.
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    • $1,725,000
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      Prime Bartlett Retail Opportunity

      High-Visibility, Kroger Outparcel, $1.725M
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      View Details
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      1,818 SF

      High-Visibility Retail Property For Sale

      Retail property with drive-thru, modern finishes, and ample parking.
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    • Contact for pricing
      3,543 SF

      Restaurant Endcap in Kroger Center

      Restaurant endcap available in Kroger anchored shopping center.
      2942-2990 Kirby Whitten Rd, Bartlett, TN 38134
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    • $2,091,000

      Retail Property on Summer Avenue

      Retail property available for sale on Summer Avenue, Memphis.
      5856 Summer Ave, Memphis, TN 38134
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    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Building on High-Traffic Corner

      Restaurant building for rent on a high-traffic corner.
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      116,000 SF

      Crestview Industrial Space Available

      Memphis Flex/Warehouse Space for Lease
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      38,224 SF

      Shelby Oaks Flex/Showroom Space

      38,224 SF flex/showroom space with fenced storage and parking.
      1725 Shelby Oaks Dr N, Memphis, TN 38134
      View Details
    • Contact for pricing
      6,218 SF

      Bartlett Flex Space: Stage Road Retail

      6,218 SF Flex Building, Bartlett, TN
      5847 Stage Rd, Bartlett, TN 38134
      View Details
    • $120 SF/Yr
      12,950 SF

      Bartlett Office Space for Lease

      12,950 SF Office Building, Multiple Suites Available
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      View Details
    • Contact for pricing
      192,624 SF

      Bartlett Towne Center Retail Space

      Prime Bartlett retail space, multiple units available.
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      View Details
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    5103 Raleigh Lagrange Rd
    Memphis, TN 38134-5625
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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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