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

    523 Poplar Ave Collierville, TN 38017-2537

    • Retail space
    • 16,038 SF
    • 2.61 lot acres
    OFF-MARKET
    Value Estimations
    $2,130,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3372901
    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

    • ALDI / Specialty Food Shop / Supermarket

    Property Details for 523 Poplar Ave

    Year built
    2010
    Lot size
    2.61 lot acres
    Property size
    16,038 SF
    Zone code
    GC
    Property type
    Retail space
    APN
    C02-44 - - -00345-C
    APU
    C024400345C

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,425,000
      6.5%
      $2,240,000
      7%
      $2,080,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,422,000
      Market price range: $609k - $2.42M
      AI Estimate
      $1,736,000
      Market price range: $440k - $1.74M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,440,000
      Current use
      MEDICAL BUILDING
      $2,375,000
      Change: +65% Conversion: Difficult
      OFFICE BUILDING
      $2,335,000
      Change: +62% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,605,000
      Change: +11% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,430,000
      Change: -1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,425,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.6801
    Latitude
    35.045
    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
    $72,425
    $313,920
    $1,103,400
    $1,417,320
    -
    $784,800
    $2,758,500
    $3,543,300

    Comparable in this City

    • Value Estimation by Request
      5,760 SF

      103 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 5,760 SF
      103 Ctr St, Collierville, TN 38017-2615
      View Details
    • Value Estimation by Request
      4,800 SF

      11900 Hwy 196

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      11900 Hwy 196, Collierville, TN 38017-4399
      View Details
    • Value Estimation
      $1,450,000
      10,920 SF

      3569 Houston Levee Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,920 SF
      3569 Houston Levee Rd, Collierville, TN 38017-9089
      View Details
    • Value Estimation by Request
      2,161 SF

      Hwy 57

      RETAIL STORES (PERSONAL SERVICES) • 2,161 SF
      Hwy 57, Collierville, TN 38017
      View Details
    • Value Estimation by Request
      1,936 SF

      134 Mulberry St

      RETAIL STORES (PERSONAL SERVICES) • 1,936 SF
      134 Mulberry St, Collierville, TN 38017-2675
      View Details
    • Value Estimation
      $705,000
      5,285 SF

      995 Poplar Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,285 SF
      995 Poplar Ave, Collierville, TN 38017-2597
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Collierville Mixed-Use Development Opportunity

      Proposed mixed-use development with retail and outparcel opportunities.
      385 & Houston Levee Rd, Collierville, TN 38017
      View Details
    • Contact for pricing
      1.00 Acre

      Collierville Mixed-Use Development

      Prime Retail & Land Opportunity in Collierville, TN
      385 & Houston Levee Rd, Collierville, TN 38017
      View Details
    • $595,000
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      Collierville Restaurant - Hwy 72

      Prime Hwy 72 restaurant, 2372 sq ft.
      144 Us Highway 72, Collierville, TN 38017
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    • $445,000

      Wooded Land for Residential Development

      Land with gentle terrain suitable for building one or two homes.
      385 Monterey Dr, Collierville, TN 38017
      View Details
    • $499,000
      4 SF

      Land with Highway Frontage

      4-acre land parcel with potential industrial zoning.
      660 Mt. Pleasant Rd, Collierville, TN 38017
      View Details
    • $499,000

      Collierville Land Parcel For Sale

      4.13 acre land parcel with industrial zoning potential.
      660 S Mount Pleasant Rd, Collierville, TN 38017
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    Similar Nearby for Lease

    • Contact for pricing
      4,200 SF

      Retail Space in Collierville Center

      Retail space available in Collierville shopping center for lease.
      2140 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Collierville Center

      Retail spaces available in a busy Collierville shopping center.
      1016 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing
      6,975 SF

      Retail Space in Carriage Crossing

      Retail space available in a thriving lifestyle center.
      4670-4674 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Carriage Crossing

      Thriving lifestyle center with retail and professional services tenants.
      4600 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing
      1,340 SF

      Retail Space on Poplar Avenue

      Retail space for lease in Collierville's Schilling Farms.
      1337 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing
      3,482 SF

      Retail Space in Carriage Crossing

      Retail space in a thriving lifestyle center, near hotels.
      4610 Merchants Park Cir, Collierville, TN 38017
      View Details

    Property Visit Statistics

    • Visits by month
      32.3k
    • Visitors by month
      21.6k
    • Avg Time on site
      26 min
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    523 Poplar Ave
    Collierville, TN 38017-2537
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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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