Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings
Property profile & analytics

6672 Shelby Dr Memphis, TN 38141

  • Retail space
  • 15,048 SF
  • 2.39 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US80-0082837
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.

Current Use by Public Records

  • Draco R. Hayse, Pharm / Pharmacy
  • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
  • Redbox / Video Game Rental Kiosk / Video Game Rental Service
  • Western Union / Money Transfer Service
  • James Martin / Pharmacy

Property Details for 6672 Shelby Dr

Year built
2002
Lot size
2.39 lot acres
Property size
15,048 SF
Zone code
CA
Property type
Retail space
APN
093-700- - -00572
APU
9370000572

Description

This exceptional 13,650-square-foot freestanding retail building presents a compelling investment opportunity. Situated on a generous 2.4-acre lot in Shelby County, this single-tenant property boasts excellent visibility and accessibility, making it ideal for a variety of retail or medical uses. Constructed in 2002, the building is well-maintained and features a single story design. Ample parking is available for customers and employees. The property's zoning is Conservation/Agriculture, offering potential flexibility for future development. The building's strong access points and prominent location ensure high traffic volume and excellent exposure. This property is identified by APN 093700 00572. The substantial lot size provides ample room for expansion or future development, while the existing building offers immediate occupancy. Its single-tenant configuration simplifies management and provides a stable income stream. This is a rare opportunity to acquire a well-located, high-visibility retail property in a desirable area. The property's condition and location combine to create a strong value proposition for discerning investors seeking a stable and potentially appreciating asset. Serious inquiries are encouraged.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $2,500,000
    6.5%
    $2,310,000
    7%
    $2,145,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,138,000
    Market price range: $556k - $2.14M
    AI Estimate
    $1,972,000
    Market price range: $528k - $1.97M
  • Alternative Use

    Use
    Estimation
    MEDICAL BUILDING
    $2,150,000
    OFFICE BUILDING
    $1,795,000
    AUTO REPAIR, GARAGE
    $1,460,000
    APARTMENT HOUSE (5+ UNITS)
    $1,340,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-89.8406
Latitude
35.021
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
$48,733
$208,200
$591,800
$800,000
-
$520,500
$1,479,500
$2,000,000
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message