6150 Macon Rd Memphis, TN 38134
Property Lookup
Property profile & analytics
6150 Macon Rd Memphis, TN 38134
- Strip malls
- 91,449 SF
- 9.59 lot acres
Property ID
US80-0920241
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.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 6150 Macon Rd
- Year built
- 1986
- Lot size
- 9.59 lot acres
- Property size
- 91,449 SF
- Zone code
- CMU-3
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 089-003- - -00051
- APU
- 8900300051
Description
This exceptional investment opportunity presents a 89,630 square foot multi-tenant retail shopping center and a 2,585 square foot outparcel quick-service restaurant (QSR) in Memphis, Tennessee. Located on a 10.22-acre site with 402 parking spaces, the property boasts high visibility along the I-40 corridor, experiencing an average daily traffic count of 138,370 vehicles. The shopping center is 89% occupied by 16 tenants, offering a diverse mix of national, regional, and local businesses, many with long-term leases. The included QSR is leased to a long-term tenant with a significant market presence. The property offers a compelling value-add opportunity through leasing up two vacant spaces totaling 9,900 square feet, negotiating rent increases with existing tenants, and potentially selling the outparcel separately. Built in 1986, the property features two single-story buildings and benefits from its proximity to Bass Pro Shops. The asking price is $5,980,000, with a current Net Operating Income (NOI) of $604,684 and a 10.11% cap rate. The property is offered free and clear of debt at closing and is ideally suited for a 1031 exchange. The property is located at 6150 and 6130 Macon Rd, Memphis, TN 38134. Approximately 78% of tenants are on a triple net (NNN) lease structure.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,120,000
- ML approach
- $4,190,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,309,000
Market price range: $2.92M - $12.2M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $6,715,000 Current use
- RETAIL STORES
- $7,590,000 Change: +13% Conversion: Easy
- COMMERCIAL (GENERAL)
- $5,525,000 Change: -18% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8574
- Latitude
- 35.1642
- 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
$115,244
$548,440
$1,343,400
$1,891,840
-
$1,371,100
$3,358,500
$4,729,600
