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Property profile & analytics
FOR SALE
Strip malls

8385 Us Highway 64 Memphis, TN 38133

34,600 SF 3.12 ac lot Built 2002
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US80-1940233
Property summary
AI-generated overview

This exceptional retail property, Shoppes of Wolfchase, offers a prime location in the heart of Memphis' thriving Wolfchase area. Situated at 8385 US Highway 64, this center boasts a total of 34,395 square feet of retail and restaurant space, strategically positioned near the intersection of Germantown Parkway and Interstate 40, ensuring high visibility and accessibility. Currently, there are two available spaces, ideal for a variety of businesses. One space measures 2,080 square feet, while the other offers 2,804 square feet of versatile space. The property is categorized as multi-tenant, with existing tenants including Buffalo Wild Wings and Mcalister's Deli, establishing a strong foundation of established businesses. The building's location in Shelby County, Tennessee, provides access to a robust consumer base and excellent transportation links. This presents a unique opportunity for businesses seeking high-traffic exposure and a well-established commercial environment. The available spaces provide flexibility for various retail or restaurant concepts, making this an attractive investment prospect for those seeking a strong presence in a high-growth area of Memphis. The property's prime location and existing tenant mix create a synergistic environment, promising significant potential for success. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Total area 34,600 SF
Lot 3.12 ac (135,907 SF)
Zoning code CMU-3
APN 092-007- - -00073
UPID US80-1940233
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.14M
CAP Approach CAP
$6.41M
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.06M
Owner & transaction history
Noble Ctr Memphis Tn LLC · 4 yrs held
Noble Ctr Memphis Tn LLC
since 2021
Last sale
$6.7M
6 recorded transactions
2021
$6.7M
2017
Price N/A
2015
$3.2M
2012
$3.8M
2006
$7.5M
1969
Price N/A
Zoning & alternative use
CMU-3 · Bartlett, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $5.0M +94.9%
Office building $4.1M +62.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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