650 S Service Rd West Memphis, AR 72301
Property profile & analytics
650 S Service Rd West Memphis, AR 72301
- Strip malls
- 28,746 SF
- 3.11 lot acres
Property ID
US05-0313427
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
- Hi Nails / Hair Salon / Nail Salon
- Street Gear West Memphis / Clothing Store
- Mi Pueblo West Memphis / Restaurant
- AT&T - Internet Service Provider / Telecommunications Service / Data Center
- Lucky buffet / Restaurant / Buffet
Property Details for 650 S Service Rd
- Year built
- 2011
- Lot size
- 3.11 lot acres
- Property size
- 28,746 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 353530000000
- APU
- 353530000000
Description
This exceptional 30,014 square-foot shopping center in West Memphis, Arkansas, presents a compelling investment opportunity. Located directly across from a high-performing Walmart Supercenter with over 2.7 million annual visits, this property boasts excellent visibility and accessibility at the I-40 & I-55 interchange, experiencing over 100,000 vehicles daily. The 100% occupied center features eight tenants, including a mix of national, regional, and local businesses, all operating under triple-net (NNN) leases, ensuring stable and predictable cash flow. Built in 2010, the single-story building sits on a 3.11-acre lot and benefits from staggered lease expirations and rent bumps. The diverse tenant mix includes restaurants, telecommunications, and apparel businesses. The property's strategic location, less than 10 miles from downtown Memphis, TN, and near major amenities, further enhances its value. With a 9.00% cap rate and a current NOI of $437,198, this stabilized, multi-tenant retail investment offers significant potential for future growth, particularly given that some tenants are currently paying below-market rents. The asking price is $4,860,000. This is a rare opportunity to acquire a dominant retail center in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,805,000
- 6.5%
- $5,360,000
- 7%
- $4,975,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,180,000
- RESTAURANT
- $2,960,000
- COMMERCIAL (GENERAL)
- $2,890,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Memphis
- County
- Crittenden
- State
- Arkansas
- Longitude
- -90.1992
- Latitude
- 35.1673
- 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
2023
$56,608
$230,300
$762,690
$992,990
-
$1,151,500
$3,813,450
$4,964,950
