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

    6115 Airline Rd Arlington, TN 38002-9879

    • Grocery and convenience stores
    • 4,050 SF
    • 1.36 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1849235
    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

    • Shell / Gas Station / Atm
    • Airline Market & Deli / Convenience Store / Gas Station
    • ATM / Atm
    • Detail Pros LLC / Car Wash / Car Detailing Service

    Property Details for 6115 Airline Rd

    Year built
    2002
    Lot size
    1.36 lot acres
    Property size
    4,050 SF
    Zone code
    S-C
    Property type
    Grocery and convenience stores
    APN
    A01-41 - - -00336
    APU
    A014100336

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $360,000
      Current use
      OFFICE BUILDING
      $485,000
      Change: +34% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $405,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $365,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.6758
    Latitude
    35.2929
    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
    $22,859
    $269,640
    $219,840
    $489,480
    -
    $674,100
    $549,600
    $1,223,700

    Comparable in this City

    • Value Estimation
      $355,000
      8,774 SF

      4935 Airline Rd

      CONVENIENCE STORE • 8,774 SF
      4935 Airline Rd, Arlington, TN 38002-5067
      View Details
    • Value Estimation
      $1,035,000
      3,340 SF

      11017 Hwy 70

      CONVENIENCE STORE • 3,340 SF
      11017 Hwy 70, Arlington, TN 38002-8066
      View Details
    • Value Estimation
      $590,000
      51,540 SF

      11635 Hwy 70

      GROCERY, SUPERMARKET • 51,540 SF
      11635 Hwy 70, Arlington, TN 38002-9778
      View Details
    • Value Estimation
      $275,000
      3,788 SF

      5055 Airline Rd

      CONVENIENCE STORE • 3,788 SF
      5055 Airline Rd, Arlington, TN 38002-9527
      View Details
    • Value Estimation
      $275,000
      3,572 SF

      3548 Canada Rd

      CONVENIENCE STORE • 3,572 SF
      3548 Canada Rd, Lakeland, TN 38002-9722
      View Details
    • Value Estimation by Request
      1,350 SF

      11931 Hwy 70

      CONVENIENCE STORE • 1,350 SF
      11931 Hwy 70, Arlington, TN 38002-4348
      View Details

    Similar Nearby for Sale

    • $750,000
      1,459 SF

      Retail Space in Growing Area

      Retail space with great visibility in a growing Lakeland area.
      9998 Us Highway 64, Arlington, TN 38002
      View Details
    • $283,573
      2,000 SF

      Arlington TN Hwy 70 Redevelopment

      1.86-acre mixed-use property, vacant, redevelopment opportunity.
      11819 Us-70, Arlington, TN 38002
      View Details
    • Contact for pricing

      Arlington Commercial Space and Land

      Commercial space for lease and land for sale in Arlington.
      Will Harris St, Arlington, TN 38002
      View Details
    • Contact for pricing

      New Retail Spaces on Hwy 64

      New retail/office suites available in high-traffic Memphis location.
      9789 Us 64, Memphis, TN 38002
      View Details
    • Contact for pricing
      1.28 Acres

      Lakeland Mixed-Use Development

      Prime TN location, retail & medical space.
      0 Canada Rd, Lakeland, TN 38002
      View Details
    • Contact for pricing
      1.88 Acres

      Arlington Trail Development Opportunity

      Prime 4-acre corner lot, I-40 & Airline.
      12036 Arlington Trl, Arlington, TN 38002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2 SF

      Arlington Village Retail Center

      High-growth area, Kroger-anchored center
      0 Sec Of Airline Rd & Milton Wilson Blvd, Arlington, TN 38002
      View Details
    • Contact for pricing

      Retail Building Near Arlington High

      Multi-tenant retail building near school and future Kroger.
      11830 Milton Wilson Dr, Arlington, TN 38002
      View Details
    • Contact for pricing
      3,600 SF

      Arlington Retail Space Available

      Retail space available for lease in Arlington, Tennessee.
      5062 Milton Wilson Blvd, Arlington, TN 38002
      View Details
    • Contact for pricing

      Arlington Retail Space For Lease

      Retail building with drive-thru potential in Arlington, Tennessee.
      Retail Milton Wilson Dr, Arlington, TN 38002
      View Details
    • Contact for pricing
      1,503 SF

      Retail Space For Lease

      Retail spaces available in Lakeland, TN, near I-40.
      3304 Canada Rd, Lakeland, TN 38002
      View Details
    • Contact for pricing
      2,400 SF

      New Retail Space in Arlington

      New 22,885 SF shopping center with excellent visibility.
      5291 Airline Rd, Arlington, TN 38002
      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.
    6115 Airline Rd
    Arlington, TN 38002-9879
    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.