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Property profile & analytics
FOR LEASE
Strip malls
6300 Poplar Ave Memphis, TN 38119
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US80-1089263
For Lease
1 / 6
$2,750,000
6300 Poplar Ave, Memphis, TN 38119
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
27,440 SF
Lot
3.24 ac (140,917 SF)
Zoning code
R-15
APN
080-008- - -00579
UPID
US80-1089263
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
Current use
Occupant on record · Public records
-
Club Pilates Gym & Fitness Center
-
Paragon Bank Bank Loan Service
-
Lennys Grill & Subs Take-out & Catering
-
6300 Poplar Ave Parking Parking Lot & Garage
-
Las Tortugas Deli Mexicana Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$2.75M
Owner & transaction history
Poplar Station LLC · 9 yrs held
Poplar Station LLC
since 2017
2 recorded transactions
Zoning & alternative use
R-15 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+94.9%
Office building
$3.8M
+86.6%
Auto repair, garage
$2.7M
+32.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,015,000
Current use
MEDICAL BUILDING
$3,925,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$3,760,000
Change: +87% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,660,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,440,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$2,275,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,660,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$133,263
Tax year 2022
Assessed value
$2,187,640
Assessed 2023
Previous assessed
$2,187,640
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$1,248,440
Assessed improvement
$939,200
Land market value
$3,121,100
Improvement market value
$2,348,000
Total market value
$5,469,100
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
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
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
27,440 SF
Lot
3.24 ac (140,917 SF)
Zoning code
R-15
APN
080-008- - -00579
UPID
US80-1089263
Jurisdiction
SHELBY
Zoning & alternative use
R-15 · Memphis, TN
Zoning R-15 · permitted uses
R-15 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.24 ac
Current owner
From public records · entity-resolved
Poplar Station LLC
Entity
Mailing address
PO BOX 383200, GERMANTOWN, TN 38183-3200
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2017
—
Poplar Station LLC
—
Deed
related
$6,000,000 · Paragon Bk
—
—
Poplar Station LLC
—
Deed Of Trust
related
$6,000,000 · Paragon Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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