6347 Navy Rd Millington, TN 38053
Property Lookup
Property profile & analytics
6347 Navy Rd Millington, TN 38053
- Strip malls
- 13,350 SF
- 2.27 lot acres
Property ID
US80-0546226
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
- OM Foodmart / Grocery & Convenience Store
- RockItCoin Bitcoin ATM / Crypto Atm
- Krispy Krunchy Chicken / Restaurant
- LibertyX Bitcoin ATM / Atm
Property Details for 6347 Navy Rd
- Year built
- 1953
- Lot size
- 2.27 lot acres
- Property size
- 13,350 SF
- Zone code
- CMU-1
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- D01-16D- -C-00008
- APU
- D0116DC00008
Description
This exceptional investment opportunity presents a fully leased three-tenant strip center located at 6347 Navy Rd, Millington, TN. The property boasts a strong 7.97 cap rate, calculated inclusive of the average income generated by the owner-operated coin laundromat, which is one of the three tenants. All laundry equipment is included in the sale and is affixed to the building. The property offers ample parking with 106 unassigned spaces, ensuring convenient access for tenants and customers. The building's roof is covered by a warranty with an expiration date of October 29, 2028, providing peace of mind to the new owner. This turnkey investment is ideal for a passive income portfolio or an experienced commercial property investor seeking a stable, high-return asset. The property's strong tenant occupancy and included laundry equipment contribute to its exceptional value and potential for continued growth. The location in Millington, TN, offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing commercial property with a proven track record. Serious inquiries are encouraged to schedule a viewing and explore the financial details of this promising investment. The property is priced at $2,000,000.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Millington
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8514
- Latitude
- 35.3376
- 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
$8,701
$61,240
$195,440
$256,680
-
$153,100
$488,600
$641,700
