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

    525 Shea Rd Collierville, TN 38017-4201

    • Apartment buildings
    • 116,824 SF
    • 25.00 lot acres
    OFF-MARKET
    Value Estimations
    $14,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1968152
    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

    • Westbrook Crossing / Apartment Complex

    Property Details for 525 Shea Rd

    Year built
    2013
    Lot size
    25.00 lot acres
    Property size
    116,824 SF
    Zone code
    R-3
    Property type
    Apartment buildings
    APN
    C02-43 - - -00539
    APU
    C024300539

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,660,000
      6.5%
      $13,530,000
      7%
      $12,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $19,348,000
      Market price range: $5.22M - $19.3M
      AI Estimate
      $9,830,000
      Market price range: $3.04M - $9.83M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $10,430,000
      Current use
      MEDICAL BUILDING
      $17,290,000
      Change: +66% Conversion: Moderate
      OFFICE BUILDING
      $16,995,000
      Change: +63% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $11,685,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $10,495,000
      Change: +1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $10,395,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7166
    Latitude
    35.0322
    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
    $497,957
    $871,200
    $8,873,560
    $9,744,760
    -
    $2,178,000
    $22,183,900
    $24,361,900

    Comparable in this City

    • Value Estimation
      $1,670,000
      4,350 SF

      282 Ctr St

      APARTMENT HOUSE (5+ UNITS) • 4,350 SF
      282 Ctr St, Collierville, TN 38017-3002
      View Details
    • Value Estimation
      $700,000
      6,094 SF

      1074 Winchester Blvd

      APARTMENT HOUSE (5+ UNITS) • 6,094 SF
      1074 Winchester Blvd, Collierville, TN 38017-3671
      View Details
    • Value Estimation by Request
      21,288 SF

      400 Orch W Cir

      APARTMENT HOUSE (5+ UNITS) • 21,288 SF
      400 Orch W Cir, Collierville, TN 38017-3122
      View Details
    • Value Estimation
      $1,375,000
      13,048 SF

      1850 Houston Levee Rd

      APARTMENT HOUSE (5+ UNITS) • 13,048 SF
      1850 Houston Levee Rd, Collierville, TN 38017
      View Details
    • Value Estimation
      $7,360,000
      60,402 SF

      1020 Schilling Row Ave

      APARTMENT HOUSE (5+ UNITS) • 60,402 SF
      1020 Schilling Row Ave, Collierville, TN 38017-1255
      View Details
    • Value Estimation
      $2,835,000
      34,064 SF

      160 Madison Farms Ln

      APARTMENT HOUSE (100+ UNITS) • 34,064 SF
      160 Madison Farms Ln, Collierville, TN 38017-7006
      View Details

    Similar Nearby for Sale

    • $2,000,000
      6.83 Acres

      Collierville Development Land - Hwy 72

      Prime 6.83-acre commercial site.
      108 Us Highway 72, Collierville, TN 38017
      View Details
    • Contact for pricing
      3.68 Acres

      Collierville Commercial Land Parcels

      Prime Collierville land, ideal for development.
      4660 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing
      26.00 Acres

      Collierville Commercial Land - 26 Acres

      Prime Collierville location, FedEx campus view.
      4097 Bailey Station Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Collierville Land For Sale

      Land available at 400 Market Blvd, Collierville, TN.
      400 Market Blvd, Collierville, TN 38017
      View Details
    • $445,000
      12.80 Acres

      Wooded Land in Unincorporated, TN

      12.8 acres of wooded land with building potential.
      385 Monterey Rd, Collierville, TN 38017
      View Details
    • $135,000
      2.00 Acres

      2-Acre Lot on Monterey Road

      Scenic 2-acre parcel near Spring Creek Golf Course.
      280 N Monterey Farms Cv, Collierville, TN 38017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,179 SF

      Collierville Retail Center Opportunity

      Prime Retail Space Available in Collierville, TN
      875 Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing
      91,683 SF

      Collierville Retail Center Investment

      Prime Collierville shopping center, multiple suites available.
      4674 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing
      10,000 SF

      Collierville Office/Medical Space Available

      150,000 SF space in Collierville's premier shopping center.
      4648 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

      Commercial Land For Lease

      70 acres of retail and industrial zoned land available.
      500-598 S Byhalia Rd, Collierville, TN 38017
      View Details
    • Contact for pricing
      33,200 SF

      Ashby Square Retail Center

      Collierville, TN: New Retail Space Available
      0 New Byhalia Rd, Collierville, TN 38017
      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.
    525 Shea Rd
    Collierville, TN 38017-4201
    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.