Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5231 Helene Rd Memphis, TN 38117-7319
    Back to Search
    Property profile & analytics

    5231 Helene Rd, Memphis, TN 38117-7319

    View on Map
    • Specialty properties
    • 6,847 SF
    • 1.58 lot acres
    Off-Market
    Property ID
    US80-3287630
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 5231 Helene Rd

    Year built
    1957
    Lot size
    1.58 lot acres
    Zone code
    R-8
    Property type
    Specialty properties
    APN
    067-037- - -00111
    APU
    6703700111

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 19, 2014 — Moss,larry & Judy Living Trust Moss,larry Quit Claim Deed · related —
    Jan 24, 2008 $210,000 Larry Moss East Memphis Cmnty Club INC Warranty Deed —
    — — East Memphis Catholic Club INC — Deed Of Trust · related $50k · First Tennessee Bank National
    — — East Memphis Catholic Club INC — Deed Of Trust · related $18k · First Tennessee Bank National
    — — East Memphis Catholic Club — Deed Of Trust · related $110k · Bank Of Moscow

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8879
    Latitude
    35.0864
    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
    $6,318
    $32,000
    $71,720
    $103,720
    -
    $80,000
    $179,300
    $259,300

    Comparable in this City

    • Value Estimation by Request
      0.53 Acres

      363 Cherry E Cir

      PROFESSIONAL CLUBS/ASSOCIATIONS
      363 Cherry E Cir, Memphis, TN 38117-3515
      View Details
    • Value Estimation by Request
      1.15 Acres

      642 Colonial Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      642 Colonial Rd, Memphis, TN 38117-5134
      View Details
    • Value Estimation by Request
      4.81 Acres

      1931 Dorrie Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS
      1931 Dorrie Ln, Memphis, TN 38117-7446
      View Details
    • Value Estimation by Request
      6,940 SF

      5169 Wheelis Dr

      VETERINARY, ANIMAL HOSPITAL
      5169 Wheelis Dr, Memphis, TN 38117-4519
      View Details
    • Value Estimation by Request
      700 SF

      1550 Cherry Rd

      DAY CARE, PRE-SCHOOL
      1550 Cherry Rd, Memphis, TN 38117-6412
      View Details
    • Value Estimation
      $725,000
      2,463 SF

      736 Brookhaven Cir

      DAY CARE, PRE-SCHOOL
      736 Brookhaven Cir, Memphis, TN 38117-4502
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,262 SF

      Commercial Property on Cherry Road

      Commercial property for sale with significant square footage.
      1541 Cherry Rd, Memphis, TN 38117
      View Details
    • Contact for pricing
      1,376 SF

      Commercial Property for Sale

      Commercial property available for sale in Memphis, Tennessee.
      1567 Cherry Rd, Memphis, TN 38117
      View Details
    • Contact for pricing
      899 SF

      Park Avenue Restaurant Ground Lease

      Fully leased Back Yard Burgers on Park Avenue for sale.
      5091 Park Ave, Memphis, TN 38117
      View Details
    • $975,000

      Memphis Office Investment Opportunity

      Prime 4,822 SF office building in thriving Memphis location.
      752 Brookhaven Cir, Memphis, TN 38117
      View Details
    • Contact for pricing

      East Memphis Retail Building For Sale

      Under development retail building in East Memphis with high visibility.
      700 Mount Moriah Rd, Memphis, TN 38117
      View Details
    • Contact for pricing

      Renovated Retail Building in East Memphis

      7,245 SF renovated retail building in prime East Memphis location.
      700 Mount Moriah Rd, Memphis, TN 38117
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      East Memphis Retail Building

      Renovated 7,245 SF retail building in East Memphis.
      700 Mount Moriah Rd, Memphis, TN 38117
      View Details
    • Contact for pricing

      East Memphis Redevelopment Opportunity

      Redevelopment opportunity in the heart of East Memphis.
      669 S Mendenhall Rd, Memphis, TN 38117
      View Details
    • Contact for pricing
      2,287 SF

      Office Space Available For Rent

      14,483 RSF office space with private underground parking.
      555 Perkins Ext, Memphis, TN 38117
      View Details
    • Contact for pricing
      5,669 SF

      Office Park with Overhead Access

      155,000 SF office park with convenient highway access.
      1780 Moriah Woods Blvd, Memphis, TN 38117
      View Details
    • Contact for pricing

      Retail Space in East Memphis

      Retail space available in a 95,454 SF shopping center.
      5121 Quince Rd, Memphis, TN 38117
      View Details
    • $19 SF/Yr
      15,936 SF

      Office Space in Prime Location

      Available office space with convenient access and parking.
      555 Perkins Extd, 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.
    5231 Helene Rd
    Memphis, TN 38117-7319
    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

    Thank You for Inquiry
    5231 Helene Rd, Memphis, TN, 38117
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!