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    Property profile & analytics

    981 Cooper St Memphis, TN 38104-5612

    • Retail space
    • 5,117 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $750,000
    Last Sale
    May 27, 2022
    $835,000
    Location Intelligence
    Property ID
    US80-1783441
    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

    • Tracie Gaia -Berkshire Hathaway HomeServices McLemore & Co. / Real Estate Agency
    • Tracy Duggan Realtor / Real Estate Agency / Real Estate Agent
    • Katie R. McLemore - Berkshire Hathaway HomeServices, McLemore & Co., Realty / Real Estate Agency / Real Estate Agent
    • Berkshire Hathaway HomeServices McLemore & Co., Realty / Real Estate Agency
    • Mekel Harris, Berkshire Hathaway HomeServices, McLemore & Co., Realty / Real Estate Agency

    Property Details for 981 Cooper St

    Year built
    1903
    Construction
    FRAME
    Lot size
    0.35 lot acres
    Property size
    5,117 SF
    Zone code
    CMU-1
    Property type
    Retail space
    APN
    031-123- - -00027
    APU
    3112300027

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $890,000
      6.5%
      $810,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $930,000
      Geo Method
      $910,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $950,000
      Retail
      $865,000
      Mixed-Use
      $915,000
      Hospitality
      $985,000
      Educational
      $995,000
      Residential Income
      $1,005,000
      Energy
      $940,000
      Income-Based Land
      $765,000
      Food Service
      $990,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9915
    Latitude
    35.1188
    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
    $3,779
    $31,800
    $30,240
    $62,040
    -
    $79,500
    $75,600
    $155,100

    Comparable in this City

    • Value Estimation by Request
      14,940 SF

      1340 Madison Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,940 SF
      1340 Madison Ave, Memphis, TN 38104-2324
      View Details
    • Value Estimation
      $1,290,000
      5,250 SF

      588 Cooper St

      RETAIL STORES (PERSONAL SERVICES) • 5,250 SF
      588 Cooper St, Memphis, TN 38104-5357
      View Details
    • Value Estimation
      $60,000
      2,068 SF

      1024 Cooper St

      RETAIL STORES (PERSONAL SERVICES) • 2,068 SF
      1024 Cooper St, Memphis, TN 38104-5649
      View Details
    • Value Estimation
      $215,000
      2,850 SF

      2272 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,850 SF
      2272 Central Ave, Memphis, TN 38104-5511
      View Details
    • Value Estimation
      $315,000
      3,563 SF

      2232 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,563 SF
      2232 Central Ave, Memphis, TN 38104-5508
      View Details
    • Value Estimation
      $405,000
      2,925 SF

      2015 Madison Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,925 SF
      2015 Madison Ave, Memphis, TN 38104-2714
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,850 SF

      Midtown Memphis Storefront Opportunity

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      2,676 SF

      Madison Avenue Retail Opportunity

      Retail property on high-traffic Madison Avenue, Memphis.
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      Mixed-use property featuring retail/office and residential spaces.
      2293 Union Ave, Memphis, TN 38104
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      High-yield retail investment, strong tenant.
      1246 Lamar Ave, Memphis, TN 38104
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    • $1,850,000
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      Cooper Young Flex Space Investment

      Memphis Industrial Property - High Visibility
      871 Cooper St, Memphis, TN 38104
      View Details
    • $1,750,000

      Prime Commercial Building in Memphis

      Building in the heart of Cooper/Young with additional land.
      871 S Cooper St, Memphis, TN 38104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,020 SF

      Retail Space in Apartment Building

      1,020 SF retail space with direct street access.
      1839 Madison Ave, Memphis, TN 38104
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on E Eh Crump

      Retail space available with high traffic count and ample parking.
      938-944 E Eh Crump Blvd, Memphis, TN 38104
      View Details
    • Contact for pricing
      2,460 SF

      Cooper-Young District Office/Retail Space

      2,460 SF office or retail space in vibrant Cooper-Young.
      2185 Young Ave, Memphis, TN 38104
      View Details
    • $15 SF/Yr
      1,000 SF

      Retail Space Available For Lease

      1,000 square feet of retail space for lease.
      294-314 N Cleveland St, Memphis, TN 38104
      View Details
    • Contact for pricing

      Retail Space in Midtown Memphis

      Retail space in new mixed-use development, Midtown Memphis.
      220 S Claybrook St, Memphis, TN 38104
      View Details
    • $15 SF/Yr
      1,000 SF

      Retail Space Available For Lease

      1,000 SF retail space available for lease.
      294 N Cleveland St, Memphis, TN 38104
      View Details
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    981 Cooper St
    Memphis, TN 38104-5612
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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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