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    For Sale (51)

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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 S Pkwy Ave E, Memphis, TN 38106
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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 E, Memphis, TN 38107
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    6-Acre Wooded Retreat in Tennessee
    $65,000
    6.00 Acres

    6-Acre Wooded Retreat in Tennessee

    6-acre wooded tract near Savannah and Pickwick Lake.

    Chalk Rd, Morris Chapel, TN 38361
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    Versatile Commercial Property in Memphis
    $450,000
    3,200 SF

    Versatile Commercial Property in Memphis

    Well-maintained 3,200 SF property ideal for school or office.

    1336 Peabody Ave, Memphis, TN 38104
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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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    5 Acres in Rural Lobelville
    $50,000
    5.00 Acres

    5 Acres in Rural Lobelville

    5-acre lot ideal for homesite, cabin, tiny home, or RV.

    Highway 438, Lobelville, TN 37097
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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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    2.06 Acres Development Opportunity
    $199,000
    2.06 Acres

    2.06 Acres Development Opportunity

    Corner lot ideal for retail, office, or mixed-use development.

    129 88&89, Memphis, TN 38109
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    Somerville Vacant Lot Opportunity
    Contact for pricing
    0.10 Acres

    Somerville Vacant Lot Opportunity

    Vacant lot in Somerville near South Main Street.

    Highway 76, Somerville, TN 38068
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    Memphis Commercial Property with Car
    $229,900
    1.00 Acre

    Memphis Commercial Property with Car

    Commercial property in Memphis, TN with car lifts and equipment.

    1775 Frayser Blvd, Memphis, TN 38127
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    Memphis Duplex: Investor Opportunity
    $135,000
    1,350 SF

    Memphis Duplex: Investor Opportunity

    Duplex with rental income potential in Memphis, Tennessee.

    170 Hayden Pl, Memphis, TN 38111
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    Private 5-Acre Tract in Oakland
    $80,000
    5.00 Acres

    Private 5-Acre Tract in Oakland

    5-acre tract in Oakland, TN, previously farmed, convenient location.

    Mosby Rd, Oakland, TN 38060
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    Memphis Multifamily Building For Sale
    $369,000
    4,200 SF

    Memphis Multifamily Building For Sale

    Six-unit apartment building in Memphis with renovation potential.

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

    Residential Lot in Memphis, TN

    Vacant residential lot in established Memphis neighborhood.

    Clifton Ave, Memphis, TN 38127
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    Approved Self-Storage Development Site
    $395,000
    1.81 Acres

    Approved Self-Storage Development Site

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

    2899 Lamar Ave Lot Pt, Memphis, TN 38114
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    Corner Lots Near Downtown Memphis
    $80,000

    Corner Lots Near Downtown Memphis

    Two lots suitable for apartments, homes, or townhomes.

    618 N 3Rd St, Memphis, TN 38107
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    Buildable Lot Near Downtown Memphis
    Contact for pricing
    0.08 Acres

    Buildable Lot Near Downtown Memphis

    0.08-acre lot near downtown and Harbor Town corridors.

    305 Ayers St Lot Pt S, Memphis, TN 38105
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    Memphis Duplex: Investor Opportunity
    $47,500
    1,946 SF

    Memphis Duplex: Investor Opportunity

    Memphis duplex needing full rehab, offering strong rental potential.

    1178 E Mclemore Ave, Memphis, TN 38106
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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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    Memphis Duplex: Turnkey Investment Property
    $169,900
    1,224 SF

    Memphis Duplex: Turnkey Investment Property

    Cash-flowing duplex in Memphis, fully renovated in 2023.

    2428 Vollintine Ave, Memphis, TN 38108
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    Residential Lot in Memphis
    Contact for pricing
    0.05 Acres

    Residential Lot in Memphis

    Vacant residential parcel suitable for building or investment.

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

    Residential Lot in Memphis, TN

    Vacant residential lot available for sale in Memphis.

    Mccomb Ave, Memphis, TN 38107
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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.

    Ridgeview Cv, Savannah, TN 38372
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    Memphis Duplex with Leased Units
    $189,900
    1,606 SF

    Memphis Duplex with Leased Units

    Turnkey duplex generating income with long-term tenants in place.

    3151 Highland Park Pl, Memphis, TN 38111
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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 near downtown.

    208 E Biscayne Rd, Memphis, TN 38109
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    Residential Land in Midtown Memphis
    Contact for pricing
    0.16 Acres

    Residential Land in Midtown Memphis

    Land for new construction or investment near Cooper-Young.

    Agnes Pl, Memphis, TN 38104
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    East Memphis Multifamily Investment Opportunity
    $914,900
    7,232 SF

    East Memphis Multifamily Investment Opportunity

    Renovated 10-unit property near Walnut Grove Road.

    160 Hayden Pl, Memphis, TN 38111
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    Cash-Flowing Duplex in Memphis
    $144,900
    1,694 SF

    Cash-Flowing Duplex in Memphis

    Turnkey duplex generating $1,460/month with long-term tenants.

    508 E Dison Ave, Memphis, TN 38106
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    Turnkey Duplex with Long-Term Tenants
    $165,000
    3,033 SF

    Turnkey Duplex with Long-Term Tenants

    Two leased units with 2018 renovations and in-place tenants through 2026 in Memphis, TN.

    5429 Jasmine Cv, Memphis, TN 38115
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    Residential Land in Memphis, TN
    Contact for pricing
    0.57 Acres

    Residential Land in Memphis, TN

    Residential land available for investors and builders in Memphis.

    Bridgeport Dr, Memphis, TN 38114
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    Memphis Duplex: Investor Opportunity
    $135,000
    1,350 SF

    Memphis Duplex: Investor Opportunity

    Duplex with rental income potential in Memphis, Tennessee.

    186 Hayden Pl, Memphis, TN 38111
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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 lot zoned R-6, suitable for builders and investors.

    3602 Silas Rd, Memphis, TN 38109
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    Prime Midtown Memphis Land
    $180,000
    0.34 Acres

    Prime Midtown Memphis Land

    High-visibility lot in Midtown Memphis, ideal for development.

    1412 Madison Ave, Memphis, TN 38104
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    Cleared Lot Ready for Building
    Contact for pricing
    0.15 Acres

    Cleared Lot Ready for Building

    Vacant lot in Memphis, ready for your next building project.

    1954 Boyle Ave, Memphis, TN 38114
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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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    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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    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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    Cordova Land in Randle Woods
    $110,000
    0.48 Acres

    Cordova Land in Randle Woods

    Residential land in established subdivision near amenities, no city taxes.

    9208 Beaver Valley Ln, Cordova, TN 38018
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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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    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
    View details
    Wooded Lot in Hardeman County
    $55,000
    12.00 Acres

    Wooded Lot in Hardeman County

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

    Hebron Rd, Middleton, TN 38052
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    Updated Duplex in Eastern Heights
    $165,000
    1,650 SF

    Updated Duplex in Eastern Heights

    Recently updated duplex in the Binghampton Redevelopment District.

    3176 Yale Ave, Memphis, TN 38112
    View details
    Cash Flowing Duplex in Memphis
    $159,900
    1,802 SF

    Cash Flowing Duplex in Memphis

    Fully renovated duplex generating $1,725 monthly income, long-term tenants.

    948 Springdale St, Memphis, TN 38108
    View details
    Memphis Land Assemblage Opportunity
    $125,000
    0.34 Acres

    Memphis Land Assemblage Opportunity

    Three adjacent parcels totaling 1+ acre in North Memphis.

    955 Circle Rd, Memphis, TN 38127
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    Eads, TN Land Opportunity
    $335,900
    3.62 Acres

    Eads, TN Land Opportunity

    3.62 acres of flat land in gated community.

    360 Lexington Mnr Dr, Eads, TN 38028
    View details
    Midtown Memphis Commercial Redevelopment Opportunity
    $275,000

    Midtown Memphis Commercial Redevelopment Opportunity

    Versatile building in prime Midtown location with redevelopment potential.

    1400 Madison Ave, Memphis, TN 38104
    View details
    Cordova Land For Sale
    $350,000
    4.17 Acres

    Cordova Land For Sale

    4+ acre cleared industrial land in Cordova, Tennessee.

    9051 Macon Rd, Cordova, TN 38016
    View details
    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
    Contact for pricing
    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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