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

    7941 Shelby Dr Memphis, TN 38125-3755

    • Retail space
    • 10,164 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    $910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2823802
    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

    • Retail space

    Property Details for 7941 Shelby Dr

    Year built
    2014
    Construction
    FRAME
    Lot size
    1.25 lot acres
    Property size
    10,164 SF
    Zone code
    CA
    Property type
    Retail space
    APN
    D02-56 - - -00422
    APU
    D025600422

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,157,000
      Market price range: $375k - $1.44M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $845,000
      Current use
      MEDICAL BUILDING
      $1,455,000
      Change: +72% Conversion: Difficult
      OFFICE BUILDING
      $1,210,000
      Change: +44% Conversion: Easy
      AUTO REPAIR, GARAGE
      $985,000
      Change: +17% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $905,000
      Change: +7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $745,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7984
    Latitude
    35.02
    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
    $20,108
    $217,160
    $376,000
    $593,160
    -
    $542,900
    $940,000
    $1,482,900

    Comparable in this City

    • Value Estimation
      $585,000
      16,644 SF

      7965 Shelby Dr

      RETAIL STORES (PERSONAL SERVICES) • 16,644 SF
      7965 Shelby Dr, Memphis, TN 38125-3755
      View Details
    • Value Estimation
      $1,780,000
      18,616 SF

      7520 Winchester Rd

      RETAIL STORES (PERSONAL SERVICES) • 18,616 SF
      7520 Winchester Rd, Memphis, TN 38125-2203
      View Details
    • Value Estimation by Request
      1,916 SF

      7910 Holmes Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,916 SF
      7910 Holmes Rd, Memphis, TN 38125-3807
      View Details
    • Value Estimation by Request
      10,458 SF

      7110 Shelby Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,458 SF
      7110 Shelby Dr, Memphis, TN 38125-3443
      View Details
    • Value Estimation
      $3,830,000
      15,048 SF

      8035 Shelby Dr

      RETAIL STORES (PERSONAL SERVICES) • 15,048 SF
      8035 Shelby Dr, Memphis, TN 38125-3202
      View Details
    • Value Estimation by Request
      5,248 SF

      7100 Winchester Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,248 SF
      7100 Winchester Rd, Memphis, TN 38125-2017
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fully Occupied Investment Property

      5,510 SF investment property on 0.93-acre lot for sale.
      7945 Winchester Rd, Memphis, TN 38125
      View Details
    • $1,800,000
      8,215 SF

      Winchester Road Retail Opportunity

      High-Visibility Memphis Retail Building
      7053 Winchester Rd, Memphis, TN 38125
      View Details
    • Contact for pricing
      49,548 SF

      Retail Space in Centennial Crossing

      Retail property for sale in a high-income area.
      7915-7951 Winchester Rd, Memphis, TN 38125
      View Details
    • Contact for pricing

      28,860 SF Retail Center

      Retail center with excellent visibility and proximity to major retailers.
      7444-7464 Winchester Rd, Memphis, TN 38125
      View Details
    • $1,100,000
      7.84 Acres

      East Memphis Land Opportunity

      8-acre land in East Memphis, ideal for development.
      3515 Hacks Cross Rd, Memphis, TN 38125
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,280 SF

      Centennial Commons Retail Space

      Memphis Retail Outparcel - High Visibility
      7706 Winchester Rd, Memphis, TN 38125
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Polo Grounds

      Retail space available on Polo Grounds Blvd, Memphis.
      7686-7766 Polo Grounds Blvd, Memphis, TN 38125
      View Details
    • $20 SF/Yr
      28,458 SF

      Memphis Retail/Medical Space Available

      Retail/Medical space in a thriving Memphis location.
      3705 Malco Way, 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
    • Contact for pricing
      43,673 SF

      Centennial Village Retail Center

      Memphis Retail Space: Prime Location, High Traffic
      7825 Winchester Rd, Memphis, TN 38125
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7941 Shelby Dr
    Memphis, TN 38125-3755
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!