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

    5115 Yale Rd Memphis, TN 38134-8218

    • Strip malls
    • 7,749 SF
    • 0.80 lot acres
    OFF-MARKET
    Last Sale
    Jun 12, 2024
    $610,000
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0911119
    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

    • Master Cutz Barber Shop / Barber Shop

    Property Details for 5115 Yale Rd

    Year built
    1977
    Lot size
    0.80 lot acres
    Property size
    7,749 SF
    Zone code
    CMU-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    087-027- - -00024
    APU
    8702700024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $610,000
      ML approach
      $610,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $525,000
      Market price range: $247k - $1.03M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $570,000
      Current use
      AUTO REPAIR, GARAGE
      $750,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $690,000
      Change: +22% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $690,000
      Change: +21% Conversion: Difficult
      RETAIL STORES
      $645,000
      Change: +13% Conversion: Easy
      COMMERCIAL (GENERAL)
      $470,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8926
    Latitude
    35.2207
    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
    $14,060
    $44,680
    $186,120
    $230,800
    -
    $111,700
    $465,300
    $577,000

    Comparable in this City

    • Value Estimation
      $205,000
      6,000 SF

      2835 Bartlett Rd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      2835 Bartlett Rd, Bartlett, TN 38134-4532
      View Details
    • Value Estimation
      $270,000
      7,114 SF

      5877 Summer Ave

      SHOPPING CENTER, STRIP CENTER • 7,114 SF
      5877 Summer Ave, Memphis, TN 38134-6719
      View Details
    • Value Estimation
      $400,000
      41,962 SF

      6600 Stage Rd

      SHOPPING CENTER, STRIP CENTER • 41,962 SF
      6600 Stage Rd, Bartlett, TN 38134-2866
      View Details
    • Value Estimation
      $3,530,000
      13,950 SF

      5730 Stage Rd

      SHOPPING CENTER, STRIP CENTER • 13,950 SF
      5730 Stage Rd, Bartlett, TN 38134-4516
      View Details
    • Value Estimation
      $210,000
      5,456 SF

      6166 Stage Rd

      SHOPPING CENTER, STRIP CENTER • 5,456 SF
      6166 Stage Rd, Bartlett, TN 38134-8301
      View Details
    • Value Estimation
      $4,095,000
      56,841 SF

      6200 Stage Rd

      SHOPPING CENTER, STRIP CENTER • 56,841 SF
      6200 Stage Rd, Memphis, TN 38134
      View Details

    Similar Nearby for Sale

    • 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
      View Details
    • $1,725,000
      5,513 SF

      Prime Bartlett Retail Opportunity

      High-Visibility, Kroger Outparcel, $1.725M
      2936 Kirby Whitten Rd, Bartlett, TN 38134
      View Details
    • $845,370
      1,818 SF

      High-Visibility Retail Property For Sale

      Retail property with drive-thru, modern finishes, and ample parking.
      1615 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.
      6349 Summer Ave, Bartlett, TN 38134
      View Details
    • $2,091,000

      Retail Property on Summer Avenue

      Retail property available for sale on Summer Avenue, Memphis.
      5856 Summer Ave, Memphis, TN 38134
      View Details
    • $1,665,000

      Retail Property for Sale

      Retail property available for purchase in Memphis, Tennessee.
      1688 Sycamore View Rd, Memphis, TN 38134
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,500 SF

      Office Space in Bartlett Center

      Office space for lease in a Bartlett strip center.
      5724 Stage Rd, Bartlett, TN 38134
      View Details
    • Contact for pricing
      142,011 SF

      Stage Centre Retail Space - Bartlett, TN

      Prime Bartlett retail space, multiple units available.
      6600 Stage Rd, Bartlett, TN 38134
      View Details
    • $9 SF/Yr
      128,540 SF

      Memphis Retail Center Opportunity

      High-traffic retail space available in Memphis.
      1699-1735 Sycamore View Rd, Memphis, TN 38134
      View Details
    • Contact for pricing
      76,486 SF

      Bartlett Retail Center Investment

      Class A Strip Center, 76,486 SF
      2823 Bartlett Blvfd, Bartlett, TN 38134
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space on Whitten Road

      1,440 SF retail space in high-traffic Memphis center.
      1674 Whitten Rd, Memphis, TN 38134
      View Details
    • $120 SF/Yr
      12,950 SF

      Bartlett Office Space for Lease

      12,950 SF Office Building, Multiple Suites Available
      6001 Bartlett Center Dr, Bartlett, TN 38134
      View Details
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    5115 Yale Rd
    Memphis, TN 38134-8218
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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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