New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Strip malls
7706 Winchester Rd, Memphis, TN 38125-2399
Individually Owned
Absentee Owner
Free & Clear
Property ID
US80-1358796
Property summary
AI-generated overview
Centennial Commons, a Class A retail outparcel located at 7706 Winchester Rd, Memphis, TN 38125, offers exceptional leasing opportunities. This single-building property, constructed in 2010, boasts a total of 25,280 square feet, currently entirely vacant and available for lease. The property is strategically situated at the intersection of Hwy 385 and Winchester Road, ensuring high visibility and accessibility for businesses. Multiple tenancy options are available, with spaces ranging from a minimum of 5,200 square feet to a maximum contiguous space of 10,040 square feet. This presents a unique opportunity for businesses seeking a prominent location in a high-traffic area of Memphis. The property's modern design and prime location make it ideal for a variety of retail uses. Its excellent visibility and accessibility, combined with its ample square footage, offer significant potential for growth and success. The property is classified as Class A, reflecting its high-quality construction and desirable features. Interested parties are encouraged to inquire about leasing options to secure this exceptional retail space. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Total area
18,939 SF
Lot
1.71 ac (74,488 SF)
Zoning code
R-15
APN
081-080- - -00069
UPID
US80-1358796
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
-
Menchie's Frozen Yogurt Cafe & Coffee Shop Take-out & Catering
-
Visionworks Centennial Commons (Bike/Boat/Book/etc) Store
-
Dr. Courtney Kessler Physician
-
Dr Richard C. Buck Physician
-
Master Eye Associates Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.87M
Owner & transaction history
MICHAEL A LIGHTMAN
MICHAEL A LIGHTMAN
Zoning & alternative use
R-15 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+94.9%
Office building
$2.3M
+62.5%
Auto repair, garage
$1.8M
+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
$1,390,000
Current use
MEDICAL BUILDING
$2,710,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$2,260,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,835,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,685,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$1,570,000
Change: +13% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,145,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±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
$98 / 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
$67,600
Tax year 2022
Assessed value
$1,109,720
Assessed 2023
Previous assessed
$1,109,720
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$357,560
Assessed improvement
$752,160
Land market value
$893,900
Improvement market value
$1,880,400
Total market value
$2,774,300
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
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
18,939 SF
Lot
1.71 ac (74,488 SF)
Zoning code
R-15
APN
081-080- - -00069
UPID
US80-1358796
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
$1.4M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.1M
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
2010
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
MICHAEL A LIGHTMAN
Individual
Free & Clear · 0 yrs held
Mailing address
5100 POPLAR AVE STE #2602, MEMPHIS, TN 38137-2100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7706 Winchester Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
