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    Property profile & analytics

    5982 Holmes Rd Memphis, TN 38141-8245

    • Grocery and convenience stores
    • 6,000 SF
    • 1.31 lot acres
    OFF-MARKET
    Value Estimations
    $990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1659343
    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

    • EXPRESS AND GRILL GAS STATION / Grocery & Convenience Store
    • Exxon / Gas Station
    • LibertyX Bitcoin ATM / Atm
    • Mobil / Gas Station
    • Barber Concepts / Barber Shop

    Property Details for 5982 Holmes Rd

    Year built
    2017
    Lot size
    1.31 lot acres
    Property size
    6,000 SF
    Zone code
    EMP
    Property type
    Grocery and convenience stores
    APN
    094-200- - -00451
    APU
    9420000451

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,205,000
      6.5%
      $1,110,000
      7%
      $1,030,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $797,000
      Market price range: $470k - $1.01M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $860,000
      OFFICE BUILDING
      $715,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8638
    Latitude
    35.0063
    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
    $27,354
    $89,360
    $359,680
    $449,040
    -
    $223,400
    $899,200
    $1,122,600

    Comparable in this City

    • Value Estimation
      $855,000
      2,368 SF

      6705 Shelby Dr

      CONVENIENCE STORE • 2,368 SF
      6705 Shelby Dr, Memphis, TN 38141-7846
      View Details
    • Value Estimation
      $995,000
      7,500 SF

      6465 Holmes Rd

      CONVENIENCE STORE • 7,500 SF
      6465 Holmes Rd, Memphis, TN 38141-8423
      View Details
    • Value Estimation
      $1,550,000
      13,260 SF

      5510 Shelby Dr

      CONVENIENCE STORE • 13,260 SF
      5510 Shelby Dr, Memphis, TN 38141-6726
      View Details
    • Value Estimation
      $560,000
      2,930 SF

      4671 Riverdale Rd

      CONVENIENCE STORE • 2,930 SF
      4671 Riverdale Rd, Memphis, TN 38141-7888
      View Details
    • Value Estimation by Request
      2,035 SF

      5274 Riverdale Rd

      CONVENIENCE STORE • 2,035 SF
      5274 Riverdale Rd, Memphis, TN 38141-8542
      View Details
    • Value Estimation
      $505,000
      3,256 SF

      6455 Shelby Dr

      CONVENIENCE STORE • 3,256 SF
      6455 Shelby Dr, Memphis, TN 38141-8402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      52,864 SF

      Refrigerated Warehouse on 9 Acres

      52,864 SF refrigerated warehouse with expansion potential on 9 acres.
      4545 S Mendenhall Rd, Memphis, TN 38141
      View Details
    • Contact for pricing

      Land For Sale Memphis

      Land available for sale in Memphis, Tennessee.
      State Line Rd, Memphis, TN 38141
      View Details
    • $300,000
      9.65 Acres

      9.65 Acre Lot in Unicorp/Memphis

      9.65 acre lot near S. Germantown Road and Holmes Road.
      5088 S Germantown Rd, Memphis, TN 38141
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Retail Space For Lease

      Retail spaces available in Memphis, TN shopping center.
      4770-4780 Riverdale Rd, Memphis, TN 38141
      View Details
    • $13 SF/Yr
      13,650 SF

      Prime Shelby Drive Retail Space

      Freestanding Retail Building, High Visibility
      6672 Shelby Dr, Memphis, TN 38141
      View Details
    • Contact for pricing
      8,800 SF

      Retail Space on Riverdale Road

      Retail spaces available for lease on a high-traffic corner.
      4730 Riverdale Rd, Memphis, TN 38141
      View Details
    • $18 SF/Yr
      23,000 SF

      Memphis Medical Office Space

      Prime Medical Office, 3 Buildings, 102 Parking Spaces
      6717-6767 Shelby Dr, Memphis, TN 38141
      View Details
    • $13 SF/Yr
      13,650 SF

      Former Walgreens Retail Space Available

      Vacant 13,650 SF retail space, formerly Walgreens, available for rent.
      6672 E Shelby Dr, Memphis, TN 38141
      View Details
    • Contact for pricing
      120,000 SF

      Industrial Land for Lease

      Available industrial land with build-to-suit options in Memphis, TN.
      6100 Global Dr, Memphis, TN 38141
      View Details
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    Memphis, TN 38141-8245
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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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