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6200 Stage Rd & Elmore Park, Memphis, TN 38134
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Property summary
AI-generated overview
This exceptional retail property, located at 6200-6220 Stage Road in Bartlett, Tennessee, offers a significant opportunity for businesses seeking a prominent presence in a thriving market. The property boasts a total of 61,345 square feet of commercial space, currently configured as a single-tenant occupancy. While 900 square feet are currently vacant, the substantial existing footprint presents a unique opportunity for expansion or adaptation to suit a variety of retail needs. Situated in Shelby County, with a convenient Bartlett address and zip code 38134, this location benefits from excellent visibility and accessibility. The property's size and layout make it ideal for a large-scale retailer or a business requiring significant space. The 900 square feet of vacant space provides immediate occupancy potential, allowing for a swift and efficient start to operations. This property is a rare find in the Bartlett market, offering a combination of size, location, and immediate availability. Interested parties are encouraged to inquire for further details and to schedule a viewing to assess the full potential of this remarkable retail opportunity. The property is categorized as retail commercial space.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Total area
56,841 SF
Lot
5.89 ac (256,481 SF)
Zoning code
SC-1
APN
B01-57 - - -00474
UPID
US80-1913413
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Shopping Center & Mall
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.10M
Owner & transaction history
since 2022
Last sale
$5.2M
1 recorded transaction
Zoning & alternative use
SC-1 · Memphis, TN
Top alternative use upside
Auto repair, garage
$5.5M
+32.1%
Office building
$5.1M
+21.7%
Apartment house (5+ units)
$5.1M
+21.2%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.10M
Value range
$3.69M – $4.50M
±10% around blend
Estimated value / SF
$72 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$3.69M
blend $4.10M
$4.50M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
56,841 SF
Lot area
5.89 ac
Year built
1977
Stories
1
APN
B01-57 - - -00474
Zoning
SC-1
Assessed value
$810,440
Annual tax
$27,474
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$27,474
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.10M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 210 sales
$73
-2%
County 254 sales
$89
-19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $72/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+32%
vs current-use indication
Office Building
Apartment House (5+ Units)
Retail Stores
Neighborhood: Shopping Center · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.74M
Move the market yield to see immediate price impact.
Value / SF
$154
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$551k
$11.01M
$7.87M
$6.12M
$612k
$12.24M
$8.74M
$6.80M
$673k
$13.46M
$9.62M
$7.48M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$27,474
Tax year 2022
Assessed value
$810,440
Assessed 2023
Previous assessed
$810,440
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$513,920
Assessed improvement
$296,520
Land market value
$1,284,800
Improvement market value
$741,300
Total market value
$2,026,100
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1977
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
56,841 SF
Lot
5.89 ac (256,481 SF)
Zoning code
SC-1
APN
B01-57 - - -00474
UPID
US80-1913413
Jurisdiction
SHELBY
Zoning & alternative use
SC-1 · Memphis, TNZoning SC-1 · permitted uses
SC-1 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
5.89 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
SC-1
Jurisdiction
Memphis, TN
Recorded code
SC-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SC-1 in Memphis, TN.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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