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    For Sale (44)

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    Memphis Commercial Property with Equipment
    $239,900

    Memphis Commercial Property with Equipment

    Commercial property suitable for mechanic or tire shop with equipment.

    918 Parkway S, Memphis, TN 38106
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    Residential Land in South Memphis
    Contact for pricing
    0.36 Acres

    Residential Land in South Memphis

    Level lot suitable for building or investment in Memphis.

    208 E Biscayne Rd, Memphis, TN 38109
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    Established Restaurant with Outdoor Seating
    $399,900

    Established Restaurant with Outdoor Seating

    Turnkey restaurant with equipment, parking, and outdoor patio.

    733 Chelsea Ave, Memphis, TN 38107
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    Wooded 2.75 Acre Lot
    $49,600
    2.75 Acres

    Wooded 2.75 Acre Lot

    Peaceful 2.75 acre lot near Collierville.

    Boswell Rd, Mount Pleasant, MS 38635
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    Memphis Commercial Property with Playground
    $450,000
    3,200 SF

    Memphis Commercial Property with Playground

    Versatile 3,200 SF property ideal for school or office.

    1336 Peabody Ave, Memphis, TN 38104
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    Operating Auto Shop For Sale
    $229,900
    1.00 Acre

    Operating Auto Shop For Sale

    Operating auto shop with equipment, tools, and office space.

    1775 Frayser Blvd, Memphis, TN 38127
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    Development Land in Growing Area
    $199,000
    2.06 Acres

    Development Land in Growing Area

    2.06 acres ideal for retail, office, or mixed-use development.

    129 Brooks Rd W, Memphis, TN 38109
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    Private 5-Acre Oakland Tract
    $85,000
    5.00 Acres

    Private 5-Acre Oakland Tract

    5-acre tract in Oakland, TN, ideal for homesite.

    Mosby Rd, Oakland, TN 38060
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    Memphis Apartment Building with Potential
    $369,000

    Memphis Apartment Building with Potential

    Six-unit apartment building in Memphis with renovation potential.

    487 Williams Ave, Memphis, TN 38126
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    Residential Lot in Established Neighborhood
    Contact for pricing
    0.18 Acres

    Residential Lot in Established Neighborhood

    Vacant residential lot in Memphis, TN, ideal for building.

    Clifton Ave, Memphis, TN 38127
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    Corner Lots Near Downtown Memphis
    $80,000

    Corner Lots Near Downtown Memphis

    Two adjacent lots ideal for residential development near downtown.

    618 N 3Rd St, Memphis, TN 38107
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    Eads, TN Building Lot
    $325,000
    3.11 Acres

    Eads, TN Building Lot

    3.11 acre building lot in gated community.

    530 Lexington Manor Ln, Eads, TN 38028
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    Residential Land in Gated Community
    $335,900
    3.62 Acres

    Residential Land in Gated Community

    3.62 acres of land in a private, gated community.

    360 Lexington Manor Ln, Eads, TN 38028
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    Residential Land in Memphis, TN
    Contact for pricing
    0.57 Acres

    Residential Land in Memphis, TN

    Residential land available for building or investment purposes.

    Bridgeport Dr, Memphis, TN 38114
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    Commercial Building on Corner Lot
    $235,000
    4,010 SF

    Commercial Building on Corner Lot

    Commercial building on a corner lot with potential.

    822 S Highland St, Memphis, TN 38111
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    Fayette County Land For Sale
    $130,000
    9.49 Acres

    Fayette County Land For Sale

    9.49 acre wooded property with pond near Moscow, Tennessee.

    Hays Rd, Moscow, TN 38057
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    Ayers Road Vacant Lot
    Contact for pricing
    0.08 Acres

    Ayers Road Vacant Lot

    Vacant 0.08-acre lot near downtown and Harbor Town corridors.

    305 Ayers St, Memphis, TN 38105
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    Land For Sale Memphis
    Contact for pricing

    Land For Sale Memphis

    Commercial land available in Memphis, Tennessee, 38111.

    3524 Park Ave, Memphis, TN 38111
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    Somerville Vacant Lot Opportunity
    Contact for pricing
    0.10 Acres

    Somerville Vacant Lot Opportunity

    Prime vacant lot in Somerville, near South Main Street.

    Highway 76, Somerville, TN 38068
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    Residential Parcel in Memphis, TN
    Contact for pricing
    0.05 Acres

    Residential Parcel in Memphis, TN

    Vacant residential lot near amenities, ideal for building or investment.

    Red Oak St, Memphis, TN 38112
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    Residential Lot in Memphis
    Contact for pricing
    0.07 Acres

    Residential Lot in Memphis

    Vacant residential lot suitable for new construction or investment.

    Mccomb Ave, Memphis, TN 38107
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    Midtown Memphis Land Opportunity
    Contact for pricing
    0.16 Acres

    Midtown Memphis Land Opportunity

    Land for sale in the heart of Midtown Memphis.

    Agnes Pl, Memphis, TN 38104
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    Acre Lot in Tipton County
    $50,000
    1.00 Acre

    Acre Lot in Tipton County

    One acre lot in Tipton County, Tennessee, with carport.

    Hayes Rd, Munford, TN 38058
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    Lamar Avenue Commercial Development Opportunity
    $395,000
    1.81 Acres

    Lamar Avenue Commercial Development Opportunity

    1.81-acre commercial land with approved self-storage plans in Memphis.

    2899 Lamar Ave, Memphis, TN 38114
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    Cleared Vacant Lot Ready
    Contact for pricing
    0.15 Acres

    Cleared Vacant Lot Ready

    Cleared 0.15 acre vacant lot, ready for building project.

    1954 Boyle Ave, Memphis, TN 38114
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    Residential Land with Marina Slip
    $65,000
    0.59 Acres

    Residential Land with Marina Slip

    Residential lot with lake view and marina slip.

    223 Ridge View Dr, Savannah, TN 38372
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    Memphis Land Investment Opportunity
    Contact for pricing
    0.44 Acres

    Memphis Land Investment Opportunity

    Land for sale near downtown Memphis, Tennessee.

    646 E Alston Ave, Memphis, TN 38126
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    Residential Land in Memphis, TN
    Contact for pricing
    0.42 Acres

    Residential Land in Memphis, TN

    Residential land zoned R-6, ideal for builders and investors.

    3602 Silas Rd, Memphis, TN 38109
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    Residential Land in Randle Woods
    $110,000
    0.48 Acres

    Residential Land in Randle Woods

    Residential land for sale in established Cordova subdivision.

    9208 Beaver Valley Cv, Cordova, TN 38018
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    Residential Land in Memphis, TN
    Contact for pricing
    0.16 Acres

    Residential Land in Memphis, TN

    Land for residential development, convenient location, potential for various uses.

    Sherwood Ave, Memphis, TN 38106
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    Memphis Land Investment Opportunity
    $50,000
    0.38 Acres

    Memphis Land Investment Opportunity

    Land for sale in up-and-coming Memphis neighborhood.

    951 7Th St, Memphis, TN 38107
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    Strategically Located Commercial Land
    $1,530,000
    33.00 Acres

    Strategically Located Commercial Land

    33 acres of commercial land in path of growth.

    Goodman, Byhalia, MS 38611
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    Prime Location Corner Lot
    $1,250,000

    Prime Location Corner Lot

    Corner lot near downtown Memphis, the Pyramid, and Medical District.

    611 N Main St, Memphis, TN 38107
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    Commercial Land in Growing Area
    $1,530,000
    33.00 Acres

    Commercial Land in Growing Area

    33 acres of commercial land near Interstate 269.

    Goodman Rd, Byhalia, MS 38611
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    Wooded Lot in Hardeman County
    $67,000
    12.00 Acres

    Wooded Lot in Hardeman County

    Serene wooded lot near Bolivar, TN, ideal for building.

    Hebron Rd, Middleton, TN 38052
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    Midtown Memphis Land For Sale
    $180,000
    0.34 Acres

    Midtown Memphis Land For Sale

    Commercial land in high-traffic Midtown corridor, ideal for development.

    1412 Madison Ave, Memphis, TN 38104
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    Garage, Warehouse, and Office Space
    $85,000
    5,300 SF

    Garage, Warehouse, and Office Space

    Flexible commercial space with garage bays and convenient location.

    1390 Stonewall St, Memphis, TN 38108
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    Memphis Commercial Property For Sale
    $765,000

    Memphis Commercial Property For Sale

    Commercial property with potential for medical or office space.

    804 S Highland St, Memphis, TN 38111
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    Midtown Memphis Redevelopment Opportunity
    $275,000

    Midtown Memphis Redevelopment Opportunity

    Versatile building in prime Midtown location with redevelopment potential.

    1400 Madison Ave, Memphis, TN 38104
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    Residential Land in Memphis, TN
    Contact for pricing
    0.59 Acres

    Residential Land in Memphis, TN

    Residential land available in Memphis, Tennessee.

    Chandler St, Memphis, TN 38127
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    Corner Lot Commercial Space
    $450,000
    3,600 SF

    Corner Lot Commercial Space

    3600 SF commercial space on corner lot near I-240.

    3880 Lamar Ave, Memphis, TN 38118
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    33 Acres Commercial Land Available
    Contact for pricing

    33 Acres Commercial Land Available

    Strategically located commercial land in path of growth.

    Goodman Rd, Byhalia, MS 38611
    View details
    Clarendon Condo with Private Balcony
    $665,000

    Clarendon Condo with Private Balcony

    Well-maintained 2BR/2BA condo in Clarendon with luxury amenities.

    1205 Garfield St, Arlington, VA 22201
    View details
    Cambridge Station Condo For Sale
    $44,900
    1,000 SF

    Cambridge Station Condo For Sale

    Well-kept condo in Cambridge Station, move-in ready, great investment.

    5269 Flowering Peach Dr, Memphis, TN 38115
    View details

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    KAIZEN Realty
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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
    KAIZEN Realty
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