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    Property profile & analytics

    785 Union Ave Memphis, TN 38103

    • Retail space
    • 27,336 SF
    • 2.45 lot acres
    For Lease
    View listing
    $5,900,000
    Value Estimation
    $3,805,000
    Last Sale
    Dec 27, 2022
    $4,500,000
    Location Intelligence
    Property ID
    US80-1089877
    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

    • Office Depot Tech Services / Computer Consultant / Computer Repair Service
    • Office Depot Print & Copy Services / Commercial Printer / Packaging Supply Store

    Property Details for 785 Union Ave

    Year built
    1999
    Lot size
    2.45 lot acres
    Property size
    27,336 SF
    Zone code
    EMP
    Property type
    Retail space
    APN
    007-028- - -00003-C
    APU
    00702800003C

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,590,000
      6.5%
      $4,705,000
      7%
      $4,365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,000,000
      Geo Method
      $4,995,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,115,000
      Retail
      $4,865,000
      Mixed-Use
      $4,170,000
      Hospitality
      $3,975,000
      Educational
      $4,360,000
      Residential Income
      $3,900,000
      Energy
      $4,785,000
      Income-Based Land
      $3,830,000
      Food Service
      $3,495,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0355
    Latitude
    35.1381
    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
    $95,834
    $710,040
    $863,160
    $1,573,200
    -
    $1,775,100
    $2,157,900
    $3,933,000

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      168 Beale St

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      168 Beale St, Memphis, TN 38103-3706
      View Details
    • Value Estimation by Request
      7,644 SF

      80 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 7,644 SF
      80 2nd St, Memphis, TN 38103
      View Details
    • Value Estimation
      $705,000
      7,000 SF

      109 Madison Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      109 Madison Ave, Memphis, TN 38103-2274
      View Details
    • Value Estimation by Request
      12,725 SF

      343 Main St

      RETAIL STORES (PERSONAL SERVICES) • 12,725 SF
      343 Main St, Memphis, TN 38103-1529
      View Details
    • Value Estimation
      $600,000
      29,035 SF

      18 Main St

      RETAIL STORES (PERSONAL SERVICES) • 29,035 SF
      18 Main St, Memphis, TN 38103-2503
      View Details
    • Value Estimation by Request
      4,746 SF

      92 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 4,746 SF
      92 Frnt St, Memphis, TN 38103-2906
      View Details

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    Similar Nearby for Lease

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      Downtown Memphis Versatile Retail/Office Space

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      Prime Retail Space Near Hospitals

      Retail space near medical district with high traffic and development.
      785 Union Ave, Memphis, TN 38103
      View Details
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      3,218 SF

      Retail Space Near Downtown Memphis

      Retail opportunity in growing Edge District near downtown Memphis.
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      32,482 SF

      Retail Space on Madison Avenue

      1,650 SF retail space in highly visible Midtown location.
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      7,418 SF

      Prime Retail Space Available

      Retail space near planned developments and Memphis landmark building.
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    • Contact for pricing

      Downtown Memphis Retail Space Available

      Retail space for lease in downtown Memphis near Beale Street.
      60 Beale St, Memphis, TN 38103
      View Details
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    785 Union Ave
    Memphis, TN 38103
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
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