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

    5501 Winchester Rd Memphis, TN 38115-4622

    • Office Properties & Spaces
    • 750 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Jan 06, 2023
    $55,000
    Value Estimations
    $55,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3525629
    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

    • Fossett Corp / Marketing Agency
    • Freetalk Wireless / Cell Phone Store
    • Jay's Tropical Snow / Ice Cream Shop
    • Sit With Me / Child Care Agency
    • Affordable Home Properties Inc. / Construction Company

    Property Details for 5501 Winchester Rd

    Year built
    1984
    Lot size
    0.07 lot acres
    Property size
    750 SF
    Zone code
    CMU-2
    Property type
    Office Properties & Spaces
    APN
    093-418- -A-00018
    APU
    093418A00018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $55,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $62,000
      Market price range: $45.1k - $101k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $60,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $55,000
      Change: -11% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $50,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.88
    Latitude
    35.0496
    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
    $855
    $3,120
    $10,920
    $14,040
    -
    $7,800
    $27,300
    $35,100

    Comparable in this City

    • Value Estimation
      $210,000
      750 SF

      5489 Winchester Rd

      CONDOMINIUM OFFICES • 750 SF
      5489 Winchester Rd, Memphis, TN 38115-4624
      View Details
    • Value Estimation
      $210,000
      750 SF

      5489 Winchester Rd

      CONDOMINIUM OFFICES • 750 SF
      5489 Winchester Rd, Memphis, TN 38115-4624
      View Details
    • Value Estimation
      $210,000
      750 SF

      5489 Winchester Rd

      CONDOMINIUM OFFICES • 750 SF
      5489 Winchester Rd, Memphis, TN 38115-4624
      View Details
    • Value Estimation
      $215,000
      750 SF

      5495 Winchester Rd

      CONDOMINIUM OFFICES • 750 SF
      5495 Winchester Rd, Memphis, TN 38115-4625
      View Details
    • Value Estimation
      $220,000
      1,000 SF

      3321 Kirby Pkwy4a

      CONDOMINIUM OFFICES • 1,000 SF
      3321 Kirby Pkwy4a, Memphis, TN 38115-3816
      View Details
    • Value Estimation
      $180,000
      546 SF

      5762 Rayben Cir

      CONDOMINIUM OFFICES • 546 SF
      5762 Rayben Cir, Memphis, TN 38115-2062
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      912 SF

      Memphis Multi-Tenant Office Building

      Six Suites, 100% Occupied, High NOI
      5737 Nanjack Cir, Memphis, TN 38115
      View Details
    • $250,000

      Modern Memphis Office Space

      Move-in Ready Office with 15 Parking Spaces
      2750 Mount Moriah Pkwy, Memphis, TN 38115
      View Details
    • $79,900

      Affordable Memphis Office Space

      Well-located office space with owner financing in Memphis, TN.
      5507 Winchester Ave, Memphis, TN 38115
      View Details
    • $600,000

      Medical Building on Acre Lot

      Medical building with almost 10,000 sqft on over an acre.
      3530 Hickory Hill Rd, Memphis, TN 38115
      View Details
    • $299,000
      2,364 SF

      Former Bank Branch For Sale

      2,364 SF Memphis bank branch ideal for office or retail.
      3580 Ridge Meadow Pkwy, Memphis, TN 38115
      View Details
    • New
      $269,000

      Bank-Owned Commercial Property in Memphis

      Vacant commercial building in Memphis, TN, ready for redevelopment.
      6095 Apple Tree Dr, Memphis, TN 38115
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      7,188 SF

      Memphis Retail Space For Lease

      Prime Memphis retail/office space available.
      5681 Mount Moriah Rd, Memphis, TN 38115
      View Details
    • $25 SF/Yr
      27,521 SF

      Executive Office Space Available

      Prime Shelby County location, 300 sq ft.
      5830 Mount Moriah Rd, Memphis, TN 38115
      View Details
    • Contact for pricing
      100,000 SF

      Lenox Center Office Space Available

      100,000 SF Office, Shelby County
      6730 Lenox Center Ct, Memphis, TN 38115
      View Details
    • Contact for pricing
      4,478 SF

      Class A Office Space Available

      Office spaces ranging from 1,000 to 95,000 SF for rent.
      3175 Lenox Park Blvd, Memphis, TN 38115
      View Details
    • $19 SF/Yr
      25,536 SF

      Class A Office Campus

      Award-winning office campus with modern amenities and convenient location.
      6745 Lenox Center Ct, Memphis, TN 38115
      View Details
    • $19 SF/Yr
      15,501 SF

      Class A Office Space

      Award-winning office campus with modern amenities and convenient location.
      6750 Lenox Center Ct, Memphis, TN 38115
      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.
    5501 Winchester Rd
    Memphis, TN 38115-4622
    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.