Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    KELLER WILLIAMS®

    930 S White Station Rd, Memphis, TN 38117
    (901) 261-7900
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Land
    • Commercial Sale
    • Residential Multi Family

    Listings

    For Sale (50)

    View map
    East Memphis Land Opportunity
    $1,000,000
    7.84 Acres

    East Memphis Land Opportunity

    8 acres in East Memphis, zoned R-15, all utilities connected.

    3515 Hacks Cross Rd, Memphis, TN 38125
    View details
    Memphis Commercial Land For Sale
    $170,000

    Memphis Commercial Land For Sale

    Commercial land available in Memphis, Tennessee.

    Cordova Station Ave, Memphis, TN 38018
    View details
    Golf Course Lots in Gated Community
    $150,000

    Golf Course Lots in Gated Community

    Two golf course lots available in a gated community.

    8607 Geiberger Dr, Cordova, TN 38016
    View details
    Prime Commercial Land Available
    $134,000
    2.10 Acres

    Prime Commercial Land Available

    Over 2 acres of commercial land in Memphis, TN.

    4501 S 3Rd St, Memphis, TN 38109
    View details
    Commercial Land on Airways Road
    $45,000
    0.89 Acres

    Commercial Land on Airways Road

    Commercial lot available, great business opportunity in Memphis, Tennessee.

    Airways Rd, Memphis, TN 38116
    View details
    Commercial Land in Memphis, TN
    $30,000
    0.35 Acres

    Commercial Land in Memphis, TN

    Commercial lot available, great business opportunity in Memphis, TN.

    3621 S 3 St Lot Pt S, Memphis, TN 38109
    View details
    Versatile Commercial Property in Memphis
    $160,000

    Versatile Commercial Property in Memphis

    Adaptable commercial space suitable for various business types or investment.

    3402 Park Ave, Memphis, TN 38111
    View details
    Frayser Boulevard Commercial Property
    $400,000
    52,180 SF

    Frayser Boulevard Commercial Property

    Expansive 52,180 sq. ft. commercial property in Memphis.

    2285 Frayser Blvd, Memphis, TN 38127
    View details
    Renovated Multi-Family Rental Property
    $158,270
    1,779 SF

    Renovated Multi-Family Rental Property

    Renovated multi-family property with active leases in Memphis, TN.

    3045 Allison Ave, Memphis, TN 38112
    View details
    Vacant Lot in South Memphis
    Contact for pricing
    0.13 Acres

    Vacant Lot in South Memphis

    Cleared 0.13-acre lot ideal for building or investment.

    661 Eads Ave, Memphis, TN 38106
    View details
    Historic Shelby County Commercial Space
    $350,000
    1,600 SF

    Historic Shelby County Commercial Space

    Versatile commercial space in Shelby County, ready for its next chapter.

    12017 Macon Rd, Collierville, TN 38017
    View details
    Memphis Duplex with Recent Updates
    $179,800
    2,025 SF

    Memphis Duplex with Recent Updates

    Well-maintained duplex in prime location, ideal for investors.

    3312 Powell Ave, Memphis, TN 38122
    View details
    Commercial Property with Business Potential
    $315,000

    Commercial Property with Business Potential

    Versatile commercial property suitable for various business ventures.

    2383 Chelsea Ave, Memphis, TN 38108
    View details
    36.75 Acres Near Mason, TN
    $432,000
    36.75 Acres

    36.75 Acres Near Mason, TN

    36.75 acres of farmland and mature trees near Mason, TN.

    Boyland Way, Mason, TN 38049
    View details
    Historic Craftsman Duplex in Midtown
    $450,000
    3,998 SF

    Historic Craftsman Duplex in Midtown

    1916 duplex in Memphis' Historic Evergreen District.

    201 Stonewall St, Memphis, TN 38112
    View details
    Secluded Wooded Lot in Memphis
    $45,000
    1.01 Acres

    Secluded Wooded Lot in Memphis

    One-acre wooded lot suitable for residential development.

    5155 Tully Rd, Memphis, TN 38109
    View details
    Bartlett, TN Commercial Land
    $218,512
    1.32 Acres

    Bartlett, TN Commercial Land

    Centrally located commercial land with growth potential in Bartlett, TN.

    Bartlett Blvd, Bartlett, TN 38134
    View details
    Vacant Land in Memphis, TN
    Contact for pricing
    0.67 Acres

    Vacant Land in Memphis, TN

    Large vacant lot ready for new home construction.

    999 W Raines Rd Lot Pt, Memphis, TN 38109
    View details
    Cleared Lot Ready to Build
    Contact for pricing
    0.17 Acres

    Cleared Lot Ready to Build

    Build-ready lot in Memphis, utilities nearby, ideal for investment.

    1743 Eldridge Ave, Memphis, TN 38108
    View details
    Land in Established Piperton Neighborhood
    $169,000
    0.50 Acres

    Land in Established Piperton Neighborhood

    Premium lot in tranquil Piperton, near Collierville.

    Jacobs Rdg Ln, Piperton, TN 38017
    View details
    Land in Lakes of Greenbrier
    $169,000
    0.51 Acres

    Land in Lakes of Greenbrier

    Established neighborhood with premium lots near Collierville town square.

    Jacobs Rdg Ln, Piperton, TN 38017
    View details
    Land in Established Piperton Neighborhood
    $205,000
    0.52 Acres

    Land in Established Piperton Neighborhood

    Land for sale in established neighborhood near Collierville.

    Russell Creek Cir, Piperton, TN 38017
    View details
    Prime Commercial Land on Highway
    $225,000
    7.24 Acres

    Prime Commercial Land on Highway

    7.24-acre commercial property on high-traffic street in Memphis, TN.

    4921 S Us 61 Hwy, Memphis, TN 38109
    View details
    Historical Cemetery Land For Sale
    $70,000
    6.00 Acres

    Historical Cemetery Land For Sale

    Two parcels of land totaling 6 acres in Memphis, TN.

    Raleigh-Lagrange Rd, Memphis, TN 38128
    View details
    Residential Lot in Memphis, TN
    Contact for pricing
    0.14 Acres

    Residential Lot in Memphis, TN

    Residential lot available for building a new house.

    1585 Southern Ave, Memphis, TN 38114
    View details
    Residential Land in Unincorporated Shelby
    $145,000
    3.35 Acres

    Residential Land in Unincorporated Shelby

    3.35 acres to build your dream home.

    8285 Brunswick Rd, Millington, TN 38053
    View details
    Bartlett, TN Cove Lot
    $42,500
    0.35 Acres

    Bartlett, TN Cove Lot

    Prime commercial land in the heart of Bartlett, Tennessee.

    Stage Center Cv, Bartlett, TN 38134
    View details
    Builder Ready Lot Near Gardens
    $350,000
    0.68 Acres

    Builder Ready Lot Near Gardens

    Professionally cleared and graded lot near Memphis Botanic Gardens.

    4522 Park Ave, Memphis, TN 38117
    View details
    Vacant Lot in Frayser Neighborhood
    Contact for pricing
    0.16 Acres

    Vacant Lot in Frayser Neighborhood

    0.16 acre vacant lot in up-and-coming Frayser neighborhood.

    2492 Smith Ridge Rd, Memphis, TN 38127
    View details
    Turnkey Restaurant and Bar Opportunity
    $985,000

    Turnkey Restaurant and Bar Opportunity

    Fully equipped restaurant and bar in Memphis's South Main district.

    124 E Ge Patterson Ave, Memphis, TN 38103
    View details
    Childcare Center Building and Business
    $1,500,000

    Childcare Center Building and Business

    Established childcare center in Bartlett, TN, serving the community since 2001.

    8045 Brother Blvd, Bartlett, TN 38133
    View details
    Residential Land in Gated Community
    $290,000
    4.29 Acres

    Residential Land in Gated Community

    4.29 acre lot ready for your dream home.

    Lexington Mnr Cv, Memphis, TN 38028
    View details
    East Memphis Corner Lot
    $445,000
    1.14 Acres

    East Memphis Corner Lot

    Residential corner lot in East Memphis ready for custom home.

    901 S Perkins Rd S, Memphis, TN 38117
    View details
    Land in Drummonds, Tennessee
    $63,000
    5.46 Acres

    Land in Drummonds, Tennessee

    5.46 acres of land zoned for multiple uses.

    05 Richardson Landing Rd, Drummonds, TN 38023
    View details
    Residential Lot in Memphis, TN
    Contact for pricing
    0.14 Acres

    Residential Lot in Memphis, TN

    Residential lot available for new construction in Memphis, Tennessee.

    1615 Southern Ave, Memphis, TN 38114
    View details
    Lakeland Land For Sale
    $500,000
    5.02 Acres

    Lakeland Land For Sale

    5 acres of land near Dealers Auto Auction.

    64 Hwy, Lakeland, TN 38002
    View details
    Golf Course Lots in Cordova
    $145,000

    Golf Course Lots in Cordova

    Two golf course lots in a gated community in Cordova.

    8599 Geiberger Dr, Cordova, TN 38016
    View details
    Commercial Land on S Third
    $45,000
    0.64 Acres

    Commercial Land on S Third

    Commercial lot available on S Third Street in Memphis, TN.

    S 3Rd St, Memphis, TN 38109
    View details
    Commercial Land in Memphis, TN
    Contact for pricing
    0.07 Acres

    Commercial Land in Memphis, TN

    Commercial lot available, great business opportunity in Memphis, TN.

    S 3Rd St, Memphis, TN 38106
    View details
    Highway Frontage Land For Sale
    $429,000
    5.05 Acres

    Highway Frontage Land For Sale

    5+- acre commercial land with highway frontage in Memphis, TN.

    70 Lot 4 & 5, Memphis, TN 38134
    View details
    Lakeland, TN Land Opportunity
    $194,990
    0.29 Acres

    Lakeland, TN Land Opportunity

    Land in Garner Lake Community, Lakeland. Build your dream home.

    4158 White Cedar Cv, Lakeland, TN 38002
    View details
    Wooded Lot in Highland Point
    $75,000
    1.89 Acres

    Wooded Lot in Highland Point

    1.89 acre wooded lot in Unincorporated Shelby County.

    lot Cos A Red Vintage Cv, Cordova, TN 38016
    View details
    Prime Land Near Blue Oval
    $850,000
    9.63 Acres

    Prime Land Near Blue Oval

    9.63 acres near Ford's Megasite 'Blue Oval City'.

    Fredonia Rd, Mason, TN 38049
    View details
    Residential Lot in Memphis, TN
    Contact for pricing
    0.14 Acres

    Residential Lot in Memphis, TN

    Residential lot available for building a new house.

    1579 Southern Ave, Memphis, TN 38114
    View details
    Residential Lot in Piperton, TN
    $205,000
    0.51 Acres

    Residential Lot in Piperton, TN

    Established neighborhood with premium lots near Collierville town square.

    Russell Creek Cir, Piperton, TN 38017
    View details
    Memphis Land Parcel For Sale
    $95,000
    15.00 Acres

    Memphis Land Parcel For Sale

    15 acres of land in a prime Memphis location.

    3731 Horn Lake Rd, Memphis, TN 38109
    View details
    Bartlett Commercial Land For Sale
    $218,512

    Bartlett Commercial Land For Sale

    Prime commercial land in Bartlett, TN, with high visibility.

    Bartlett Blvd, Bartlett, TN 38134
    View details
    Highway Frontage Commercial Land
    $429,000

    Highway Frontage Commercial Land

    5+- acre commercial land with highway frontage.

    Hwy 70 Hwy, Memphis, TN 38134
    View details
    Heated and Cooled Flex Space
    Contact for pricing
    10,741 SF

    Heated and Cooled Flex Space

    10,741 SF flex space on 1.5 acres for sale.

    3689 Cherry Rd, Memphis, TN 38118
    View details
    East Memphis Land Opportunity
    Contact for pricing

    East Memphis Land Opportunity

    8-acre East Memphis land parcel with development potential.

    3515 Hacks Cross Rd, Memphis, TN 38119
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    KELLER WILLIAMS®
    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.
    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
    KELLER WILLIAMS®
    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

    Thank You for Inquiry
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!