Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Hbr Bnd Rd Memphis, TN 38103
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Hbr Bnd Rd Memphis, TN 38103

    View on Map
    • Apartment buildings
    • 34,016 SF
    • 9.50 lot acres
    Off-Market
    Property ID
    US80-1713844
    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
    $2,730,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for Hbr Bnd Rd

    Year built
    1991
    Construction
    FRAME
    Lot size
    9.50 lot acres
    Property size
    34,016 SF
    Zone code
    CMU-3
    Property type
    Apartment buildings
    APN
    001-001- - -00030
    APU
    100100030

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,025,000
      Current use
      OFFICE BUILDING
      $3,460,000
      Change: +14% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,300,000
      Change: +9% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,495,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0526
    Latitude
    35.1682
    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
    $505,380
    $1,140,000
    $7,156,280
    $8,296,280
    -
    $2,850,000
    $17,890,700
    $20,740,700

    Comparable in this City

    • Value Estimation
      $855,000
      16,294 SF

      316 B B King Blvd

      APARTMENT HOUSE (5+ UNITS) • 16,294 SF
      316 B B King Blvd, Memphis, TN 38103
      View Details
    • Value Estimation by Request
      24,041 SF

      444 Is Dr

      APARTMENT HOUSE (5+ UNITS) • 24,041 SF
      444 Is Dr, Memphis, TN 38103-2525
      View Details
    • Value Estimation
      $11,550,000
      220,270 SF

      70 4th St

      APARTMENT HOUSE (100+ UNITS) • 220,270 SF
      70 4th St, Memphis, TN 38103-5224
      View Details
    • Value Estimation by Request
      0.69 Acres

      345 Front St

      Multifamily properties • 0.69 Acres
      345 Front St, Memphis, TN 38103
      View Details
    • Value Estimation
      $890,000
      16,956 SF

      11 10th St

      APARTMENT HOUSE (5+ UNITS) • 16,956 SF
      11 10th St, Memphis, TN 38103
      View Details
    • Value Estimation
      $2,265,000
      43,176 SF

      1300 Mud Is Rd

      APARTMENT HOUSE (5+ UNITS) • 43,176 SF
      1300 Mud Is Rd, Memphis, TN 38103
      View Details

    Similar Nearby for Sale

    • $1,249,000

      Large Multifamily Property Near FedEx

      Two-unit multifamily property with parking near FedEx Forum.
      179 Vance Ave, Memphis, TN 38103
      View Details
    • $3,700,000
      101,200 SF

      Downtown Memphis Highrise Redevelopment

      12-Story Office Tower, Adaptive Reuse Potential
      147 Jefferson Ave, Memphis, TN 38103
      View Details
    • Contact for pricing

      Downtown Memphis Mixed-Use Development Site

      Prime downtown location with retail and residential development potential.
      48 South Front St, Memphis, TN 38103
      View Details
    • Contact for pricing

      Downtown Memphis Commercial Property

      15,000+ SF commercial property in central downtown Memphis.
      345 S Main St, Memphis, TN 38103
      View Details
    • Contact for pricing
      1,527 SF

      Downtown Memphis Condo For Sale

      Spacious 2-bedroom, 2-bath condo in the heart of Memphis.
      107 S Court Ave, Memphis, TN 38103
      View Details
    • Contact for pricing

      Downtown Memphis Mixed-Use Redevelopment Opportunity

      Historic 3-story building suited for mixed-use redevelopment in downtown Memphis.
      26 S Main St, Memphis, TN 38103
      View Details

    Similar Nearby for Lease

    • $10,000 /Mo

      Downtown Memphis Mixed-Use Property

      Massive mixed-use property in Downtown Memphis suitable for various purposes.
      128 Adams Ave, Memphis, TN 38103
      View Details
    • Contact for pricing

      Downtown Memphis Hotel Restaurant Space

      Upscale 174-room hotel with restaurant space for rent.
      164 Union Ave, Memphis, TN 38103
      View Details
    • Contact for pricing

      Retail Space Near Aldi

      6,122 SF retail space in Memphis' Medical District.
      785 Union Ave, Memphis, TN 38103
      View Details
    • $19 SF/Yr

      Downtown Memphis Versatile Retail/Office Space

      Versatile space in downtown Memphis, ideal for retail or office.
      6 W Ge Patterson Ave, Memphis, TN 38103
      View Details
    • Contact for pricing
      3,218 SF

      Retail Space Near Downtown Memphis

      Retail opportunity in growing Edge District near downtown Memphis.
      400 Monroe Ave, Memphis, TN 38103
      View Details
    • Contact for pricing

      Memphis Redevelopment Project in Edge

      High-profile redevelopment project in the transitioning Edge District trade area.
      421 Monroe Blvd, Memphis, TN 38103
      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.
    Hbr Bnd Rd
    Memphis, TN 38103
    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!