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Property profile & analytics
OFF-MARKET Estimated value $1,780,000
Strip malls

5725 Raleigh Lagrange Rd Memphis, TN 38134

35,136 SF 2.29 ac lot Built 1987
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US80-2023056
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 35,136 SF
Lot 2.29 ac (99,709 SF)
Zoning code CMU-2
APN 088-048- - -00025
UPID US80-2023056
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.72M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.38M
Blend (final) Blend
$1.78M
Owner & transaction history
Memphis Investment Group LLC · 4 yrs held
Memphis Investment Group LLC
since 2022
Last sale
$2.1M
7 recorded transactions
2022
$2.1M
2020
Price N/A
2019
Price N/A
2019
Price N/A
2018
$1.3M
2006
Price N/A
1969
Price N/A
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

h. CMU-2 and CBD districts. Any convenience store with gas pumps or gas stations constructed in the CMU-2 and CBD districts after the effective date of this ordinance (ZTA 21 -2) or reactivated after one year of discontinuance or whose convenience store is reconstructed or relocated shall require the issuance of a Special Use Permit, except in situations whe…

Zone name Commercial Mixed Use 2
General category MIXED_USE
Zone area 2,993.47 ac
Source CHAPTER 1
Top alternative use upside
Retail stores $2.9M +13.0%
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