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Property profile & analytics
FOR LEASE
Strip malls

5144 Riverdale Rd Memphis, TN 38141-8599

17,220 SF 1.59 ac lot Built 2004
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US80-3438886
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Total area 17,220 SF
Lot 1.59 ac (69,391 SF)
Zoning code RU-3
APN D02-55 - - -00640
UPID US80-3438886
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Studio 8/11 Barber & Beauty Hair Salon Nail Salon
  • Dove Family Dentistry - Riverdale Dental Office
  • Modern Nails Nail Salon
  • Dr. Joseph Dove Dental Office
  • Dr. Anthony Polk Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$325k
Owner & transaction history
5144 Realty LLC · 11 yrs held
5144 Realty LLC
since 2014
5 recorded transactions
2020
Price N/A
2014
$1.4M
2005
$2.2M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 3
General category RESIDENTIAL
Zone area 7,600.37 ac
Source CHAPTER 1
Top alternative use upside
Medical building $2.5M +94.9%
Office building $2.1M +62.5%
Auto repair, garage $1.7M +32.1%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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