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    7237 Winchester Rd Memphis, TN 38125
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    Property profile & analytics

    7237 Winchester Rd Memphis, TN 38125

    View on Map
    • Strip malls
    • 34,322 SF
    • 4.21 lot acres
    For Lease
    $1,230,000
    View Listing →
    Retail Center on Winchester Road For Lease
    $1,230,000

    Retail Center on Winchester Road

    Retail center with high traffic and tenant mix.

    7237 Winchester Rd, Memphis, TN 38125
    View Listing
    Property ID
    US80-1525830
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 7237 Winchester Rd

    Year built
    1988
    Lot size
    4.21 lot acres
    Property size
    34,322 SF
    Zone code
    CMU-3
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    093-500- - -00169
    APU
    9350000169

    Description

    This exceptional retail property, located at 7237 Winchester Rd in Memphis, Tennessee, offers 37,722 square feet of space within a single, one-story building constructed in 1988 and renovated in 2023. Situated on a 4.21-acre lot, this Airport Subtype retail center boasts a strong tenant mix and high traffic volume due to its convenient location near major retailers such as Costco, Lowe's, and Principle Toyota. The property features 26 total suites, with three currently available, ranging from a minimum of 920 square feet to a maximum contiguous space of 3,600 square feet. A total of 6,685 square feet is currently vacant. Ample parking is provided with 255 spaces. Utilities are serviced by MLGW. Property taxes are $1.68 per square foot. The property is located in Shelby County, in the Southeast Memphis submarket, and is easily accessible from S. Germantown Road and Hacks Cross. This is an excellent opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,447,000
      Market price range: $634k - $3.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8221
    Latitude
    35.0485
    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
    $69,803
    $525,200
    $620,680
    $1,145,880
    -
    $1,313,000
    $1,551,700
    $2,864,700

    Comparable in this City

    • Value Estimation by Request
      6,720 SF

      7114 Winchester Rd

      SHOPPING CENTER, STRIP CENTER • 6,720 SF
      7114 Winchester Rd, Memphis, TN 38125-2017
      View Details
    • Value Estimation
      $6,020,000
      25,280 SF

      7825 Winchester Rd

      SHOPPING CENTER, STRIP CENTER • 25,280 SF
      7825 Winchester Rd, Memphis, TN 38125-2365
      View Details
    • Value Estimation
      $1,550,000
      46,700 SF

      7200 Winchester Rd

      SHOPPING CENTER, STRIP CENTER • 46,700 SF
      7200 Winchester Rd, Memphis, TN 38125-2146
      View Details
    • Value Estimation
      $1,255,000
      6,160 SF

      7539 Winchester Rd

      SHOPPING CENTER, STRIP CENTER • 6,160 SF
      7539 Winchester Rd, Memphis, TN 38125-2208
      View Details
    • Value Estimation
      $5,380,000
      11,848 SF

      7825 Winchester Rd

      SHOPPING CENTER, STRIP CENTER • 11,848 SF
      7825 Winchester Rd, Memphis, TN 38125-2365
      View Details
    • Value Estimation
      $1,025,000
      8,050 SF

      7676 Polo Grounds Blvd

      SHOPPING CENTER, STRIP CENTER • 8,050 SF
      7676 Polo Grounds Blvd, Memphis, TN 38125-5755
      View Details

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    Similar Nearby for Lease

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      28,860 SF retail center with high visibility.
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      Retail Space in Established Center

      Retail space available in a well-located, established shopping center.
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      Shopping Center on Riverdale & Winchester

      157,695 SF shopping center at a prime Memphis location.
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      Retail Center at Winchester Road

      28,860 SF retail center at Winchester and Germantown Road.
      7444-7464 Winchester Rd, Memphis, TN 38125
      View Details
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      Retail Center on Winchester Road

      Retail center with high traffic and tenant mix.
      7237 Winchester Rd, Memphis, TN 38125
      View Details
    • Contact for pricing
      5,482 SF

      Restaurant Space Near Major Roadways

      5,842 SF restaurant space on 1.3 acres for lease.
      7535 Winchester Rd, Memphis, TN 38125
      View Details
    View Listing
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    Memphis, TN 38125
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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