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

    5121 Quince Rd Memphis, TN 38117

    • Retail space
    • 13,770 SF
    • 0.85 lot acres
    For Lease
    View listing
    Last Sale
    Oct 18, 2022
    $3,450,000
    Value Estimations
    $2,930,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0475566
    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

    • Walgreens Pharmacy / Pharmacy
    • Redbox / Movie Rental Kiosk / Dvd Store
    • FedEx OnSite / Mailing Service
    • Rebecca A. Kellum, DPH / Pharmacy
    • Quince station shopping center / Business Center

    Property Details for 5121 Quince Rd

    Year built
    1996
    Lot size
    0.85 lot acres
    Property size
    13,770 SF
    Zone code
    CMU-1
    Property type
    Retail space
    APN
    067-042- - -00036
    APU
    6704200036

    Description

    This exceptional retail opportunity is located at Quince Station, a thriving 95,454 square foot neighborhood shopping center in the heart of East Memphis. The property features four suites, with 15,121 square feet currently available, offering spaces ranging from a minimum of 2,253 square feet to a maximum contiguous space of 5,868 square feet. This Walgreens-anchored center boasts a strong tenant mix, including established businesses such as Dollar General, All Star Lanes, Ace Hardware, Three Little Pigs Bar-B-Q, and Subway, ensuring high foot traffic and a vibrant atmosphere. The center's strategic location provides excellent visibility and accessibility, situated near the intersection of Quince Road and South White Station Road, with convenient access to major Memphis highways. High traffic counts further enhance this property's appeal, with Quince Road boasting an average annual daily traffic (AADT) of 12,496 vehicles and South White Station Road recording an AADT of 12,303 vehicles. This presents a unique chance to establish or expand your business within a well-established and successful retail environment in a high-demand East Memphis location. The property is located in Shelby County. This is an ideal opportunity for businesses seeking high visibility and strong tenant synergy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,745,000
      ML approach
      $2,890,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,290,000
      6.5%
      $2,115,000
      7%
      $1,960,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,240,000
      MEDICAL BUILDING
      $1,970,000
      OFFICE BUILDING
      $1,860,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8921
    Latitude
    35.0881
    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
    $39,557
    $94,240
    $555,120
    $649,360
    -
    $235,600
    $1,387,800
    $1,623,400

    Comparable in this City

    • Value Estimation by Request
      5,658 SF

      5023 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,658 SF
      5023 Park Ave, Memphis, TN 38117-5701
      View Details
    • Value Estimation by Request
      1,056 SF

      5167 Poplar Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,056 SF
      5167 Poplar Ave, Memphis, TN 38117-7611
      View Details
    • Value Estimation by Request
      2,094 SF

      4848 Poplar Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,094 SF
      4848 Poplar Ave, Memphis, TN 38117-5152
      View Details
    • Value Estimation
      $1,425,000
      14,550 SF

      5190 Poplar Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,550 SF
      5190 Poplar Ave, Memphis, TN 38117-7610
      View Details
    • Value Estimation by Request
      2,658 SF

      621 Mendenhall Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,658 SF
      621 Mendenhall Rd, Memphis, TN 38117-4213
      View Details
    • Value Estimation by Request
      3,000 SF

      863 Mt Moriah Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      863 Mt Moriah Rd, Memphis, TN 38117-5704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,922 SF

      Oakleaf Office Lane Building For Sale

      Office building for sale near Poplar Avenue and restaurants.
      651 Oakleaf Office Ln, Memphis, TN 38117
      View Details
    • $350,000
      0.68 Acres

      Residential Land Near Botanic Garden

      Builder-ready lot near Memphis Botanic Garden and other amenities.
      4522 Park Ave, Memphis, TN 38117
      View Details
    • Contact for pricing
      5,922 SF

      Office Buildings Near Poplar Avenue

      Two office buildings totaling 11,844+/- SF near Poplar Avenue.
      641 Oakleaf Office Ln, Memphis, TN 38117
      View Details
    • $508,000
      1.14 Acres

      Residential Lot in Prime Location

      Residential lot near parks, schools, and interstate access.
      901 S Perkins Rd, Memphis, TN 38117
      View Details
    • $895,000
      0.95 Acres

      Belle Meade Lot Ready to Build

      Rare opportunity to build your dream home in Belle Meade.
      326 E Cherry Rd, Memphis, TN 38117
      View Details
    • $975,000
      4,822 SF

      Memphis Office Investment Opportunity

      Prime 4,822 SF office building in a thriving Memphis location.
      752 Brookhaven Cir, Memphis, TN 38117
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,868 SF

      Walgreens Anchored Retail Space

      Retail availability in a Walgreens anchored shopping center.
      5131-5143 Quince Rd, Memphis, TN 38117
      View Details
    • Contact for pricing
      45,862 SF

      4860 Poplar Ave

      Individual retail properties • 45,862 SF
      4860 Poplar Ave, Memphis, TN 38117
      View Details
    • Contact for pricing
      1,564 SF

      East Memphis Retail Space Available

      7,235 SF retail building in prime East Memphis location.
      700 Mount Moriah Rd, Memphis, TN 38117
      View Details
    • Contact for pricing

      Retail Center Near Interstate 240

      Retail spaces available in Memphis, anchored by Goodwill and Shell.
      1730 S White Station Rd, Memphis, TN 38117
      View Details
    • Contact for pricing
      4,067 SF

      Retail Space in High-Traffic Area

      Retail spaces available in a shopping center with major tenants.
      5016-5068 Park Ave, Memphis, TN 38117
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space in Memphis Center

      Retail spaces available in Walgreens-anchored shopping center, Memphis, TN.
      White Station Rd, Memphis, TN 38117
      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.
    5121 Quince Rd
    Memphis, TN 38117
    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.