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    9155 Poplar Ave Germantown, TN 38138

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    9155 Poplar Ave Germantown, TN 38138

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    • Strip malls
    • 79,185 SF
    • 8.28 lot acres
    For Lease
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    Germantown Retail Center For Rent For Lease
    Contact for pricing
    347,342 SF

    Germantown Retail Center For Rent

    347,342 SF retail center in affluent Germantown area.

    9155 Poplar Ave, Germantown, TN 38138
    View Listing
    Property ID
    US80-1133558
    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

    • HOTWORX- Germantown, TN / Rowing Club / Bicycle Club
    • Debbie's Hallmark Shop / (Bike/Boat/Book/etc) Store / Party Supply Store
    • Gould's Salon Spa - Forest Hill / Hair Salon
    • Ronan Javier Lasso / Physician
    • Sanitas Medical Center / Medical Clinic

    Property Details for 9155 Poplar Ave

    Year built
    1994
    Lot size
    8.28 lot acres
    Property size
    79,185 SF
    Zone code
    SC-1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    G02-32 - - -00377
    APU
    G023200377

    Description

    Shops of Forest Hill presents a prime retail investment opportunity in Germantown, Tennessee. This established center boasts a total of 347,342 square feet of retail space, strategically located at 9155 Poplar Ave, zip code 38138, within Shelby County. Currently, there are two available spaces ranging in size from 1,400 square feet to 14,393 square feet, providing flexibility for various retail concepts. The property's location in Germantown, known for its high average incomes within the MSA, ensures a strong potential customer base. The existing center's substantial size and established presence offer a significant advantage for businesses seeking high visibility and accessibility. With 14,393 square feet currently vacant, this presents a unique opportunity to expand or establish a new retail presence in a thriving market. The property's address is easily accessible and benefits from high traffic volume on Poplar Avenue. This is an exceptional opportunity to acquire a significant retail space in a highly desirable location with strong potential for growth and return on investment. The property is classified as multi-tenant retail.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Germantown
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.758
    Latitude
    35.0666
    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
    $197,165
    $1,895,800
    $1,998,280
    $3,894,080
    -
    $4,739,500
    $4,995,700
    $9,735,200

    Comparable in this City

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    • Value Estimation by Request
      36,495 SF

      7820 Poplar Ave

      SHOPPING CENTER, STRIP CENTER • 36,495 SF
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    • Value Estimation by Request
      4,125 SF

      2119 Germantown Rd

      SHOPPING CENTER, STRIP CENTER • 4,125 SF
      2119 Germantown Rd, Germantown, TN 38138-3803
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    • Value Estimation
      $605,000
      5,660 SF

      7699 Farmington Blvd

      SHOPPING CENTER, STRIP CENTER • 5,660 SF
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    • Value Estimation
      $515,000
      10,080 SF

      9435 Poplar Ave

      SHOPPING CENTER, STRIP CENTER • 10,080 SF
      9435 Poplar Ave, Germantown, TN 38138-8003
      View Details
    • Value Estimation
      $1,420,000
      7,560 SF

      9330 Poplar Pike

      SHOPPING CENTER, STRIP CENTER • 7,560 SF
      9330 Poplar Pike, Germantown, TN 38138-8301
      View Details

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      Germantown Retail Spaces on Poplar

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      1,600 SF

      Germantown Office Space Available

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      Germantown Office Space Available

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    Similar Nearby for Lease

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      Retail Space on Poplar Avenue

      Prime retail location in high-income Memphis area.
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      11,835 SF

      Retail Center in Germantown, TN

      Retail space for lease in Germantown Collection.
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      Germantown Retail Center Space Available

      3,600 SF space in high-income Germantown retail center.
      9155 Poplar Ave, Germantown, TN 38138
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      Germantown Retail Center For Rent

      347,342 SF retail center in affluent Germantown area.
      9155 Poplar Ave, Germantown, TN 38138
      View Details
    • Contact for pricing

      Mixed-Use Community Center Retail Space

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      Germantown Retail Space For Lease

      Retail spaces available within a shopping center in Germantown, TN.
      7820 Poplar Ave, Germantown, TN 38138
      View Details
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    Germantown, TN 38138
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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.

    More about this property
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