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    Property Types

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    Listings

    For Sale (25)

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    Cordova Office Space for Lease
    Contact for pricing

    Cordova Office Space for Lease

    Professional office space in Cordova with utilities included.

    299 S Walnut Bend Rd, Memphis, TN 38018
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    Memphis Warehouse/Distribution Opportunity
    Contact for pricing

    Memphis Warehouse/Distribution Opportunity

    Warehouse/distribution property with convenient access to I-55 and downtown.

    147 Nebraska Ave, Memphis, TN 38106
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    Miami Fourplex Investment Opportunity
    $875,700
    2,511 SF

    Miami Fourplex Investment Opportunity

    Fourplex near Little Havana and major highways in Miami.

    2865 NW 22Nd Ave, Miami, FL 33142
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    Professional Office Suite in Memphis
    Contact for pricing
    1,500 SF

    Professional Office Suite in Memphis

    1,500 SF office suite with six private offices.

    299 S Walnut Bend Rd, Memphis, TN 38018
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    Cordova Office Space Available
    Contact for pricing
    1,000 SF

    Cordova Office Space Available

    Office space in Cordova near retailers and dining.

    299 S Walnut Bend Rd, Memphis, TN 38018
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    Turnkey Commercial Property in Ripley
    $1,400,000

    Turnkey Commercial Property in Ripley

    Ready for immediate operation with multiple income opportunities.

    500 S Washington St, Ripley, TN 38063
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    Versatile Memphis Event and Spa
    Contact for pricing

    Versatile Memphis Event and Spa

    Event center and spa venue in Memphis, Tennessee.

    4280 Cherry Center Dr, Memphis, TN 38118
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    Versatile Commercial Property in Memphis
    $50,000

    Versatile Commercial Property in Memphis

    Commercial property suitable for restaurant, retail, or entertainment venue.

    1172 N Hollywood St, Memphis, TN 38108
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    Land Parcel Near Highway
    $35,000
    0.68 Acres

    Land Parcel Near Highway

    Land available near the highway in Memphis, Tennessee.

    Warford St, Memphis, TN 38018
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    Land For Sale, Cordova, TN
    $94,000
    3.24 Acres

    Land For Sale, Cordova, TN

    3.24 acre land parcel available in Cordova, Tennessee.

    Oldham Cv, Cordova, TN 38016
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    Residential Land in Memphis, TN
    $35,000
    0.05 Acres

    Residential Land in Memphis, TN

    Land parcel available for residential construction in Memphis, Tennessee.

    Helmsdale, Memphis, TN 38128
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    Residential Land in Memphis, TN
    $35,000
    0.05 Acres

    Residential Land in Memphis, TN

    Land parcel available for residential development in Memphis, Tennessee.

    Helmsdale, Memphis, TN 38128
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    Residential Land in Memphis, TN
    $35,000
    0.06 Acres

    Residential Land in Memphis, TN

    Land parcel available for residential development in Memphis, TN.

    Taransay Rd, Memphis, TN 38128
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    Residential Lot in Lehigh Acres
    Contact for pricing
    0.25 Acres

    Residential Lot in Lehigh Acres

    Residential lot available for building a dream home.

    1615 Irving Ave, Lehigh Acres, FL 33972
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    Bartlett Land For Sale
    $799,000
    11.72 Acres

    Bartlett Land For Sale

    11.72 acre commercial land in Bartlett, Tennessee.

    7374 Us Highway 64, Bartlett, TN 38133
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    High-End Spa on Flagler Street
    $100,000

    High-End Spa on Flagler Street

    Recently renovated spa with state-of-the-art aesthetic technology.

    10328 W Flagler St, Miami, FL 33174
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    Development Parcel with Duplex Zoning
    $151,999
    5,500.00 Acres

    Development Parcel with Duplex Zoning

    Development parcel with frontage exposure near the 836 Expressway.

    12th 30Th Ave, Miami, FL 33125
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    Miami Land Investment Opportunity
    $500,000
    1.36 Acres

    Miami Land Investment Opportunity

    1.36 acres of land in a rapidly growing Miami market.

    15375 SW 209Th Ave, Miami, FL 33187
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    Renovated Multifamily Property in Little Havana
    $1,585,000
    3,998 SF

    Renovated Multifamily Property in Little Havana

    Fully renovated 5-unit multifamily property in Little Havana, Miami.

    418 NW 9Th Ave, Miami, FL 33128
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    Level Lot in Memphis
    $35,000
    0.60 Acres

    Level Lot in Memphis

    Level lot suitable for investors, business owners, or homeowners.

    1133 Saunders Ave, Memphis, TN 38127
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    Agricultural Land Corner Lot
    $320,000
    1.69 Acres

    Agricultural Land Corner Lot

    1.69 acre corner lot suitable for agricultural use.

    16000 SW 213Th Ave, Miami, FL 33187
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    Miami Fourplex Near Little Havana
    $875,700
    2,386 SF

    Miami Fourplex Near Little Havana

    Fourplex in Miami near Little Havana entertainment district.

    2855 NW 22Nd Ave, Miami, FL 33142
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    Downtown Memphis Creative Office Condo
    $1,200,000
    3,500 SF

    Downtown Memphis Creative Office Condo

    Prime location, high-growth area, multi-tenant income.

    66 Front St, Memphis, TN 38103
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    Vacant Duplex in Muskegon Township
    $330,000
    1,344 SF

    Vacant Duplex in Muskegon Township

    Spacious duplex with garages, ideal for investors or owner-occupants.

    1987 Summerset Dr, Muskegon, MI 49442
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    Miami Land For Sale
    $320,000

    Miami Land For Sale

    Land available in Miami-Dade County.

    16000 SW 213Th Ave, Miami, FL 33187
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    For Lease (7)

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    Adaptable Commercial Space in Bartlett
    Contact for pricing

    Adaptable Commercial Space in Bartlett

    Versatile double suite suitable for business, education, or community use.

    6001 Bartlett Center Dr, Bartlett, TN 38134
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    Downtown Commercial Investment Opportunity
    Contact for pricing

    Downtown Commercial Investment Opportunity

    Prime commercial space in downtown Memphis with high visibility.

    70 Union Ave, Memphis, TN 38103
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    Industrial Warehouse Near I-55
    Contact for pricing

    Industrial Warehouse Near I-55

    9,000+ SF industrial warehouse space, prime Memphis location.

    147 Nebraska Ave, Memphis, TN 38106
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    Cordova Office Suite For Rent
    Contact for pricing

    Cordova Office Suite For Rent

    Versatile office suite in prime Cordova location, ready for occupancy.

    299 S Walnut Bend Rd, Memphis, TN 38018
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    Prime Commercial Location Available Soon
    $5,880 / Mo

    Prime Commercial Location Available Soon

    Spacious retail space available September 1, 2024, near Germantown Parkway.

    990 N Germantown Pkwy, Cordova, TN 38018
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    Downtown Memphis Mixed-Use Property
    $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
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    Modern Upgraded Duplex For Rent
    $1,500 / Mo

    Modern Upgraded Duplex For Rent

    Upgraded 1-bedroom, 1-bath duplex with modern features, move-in ready.

    751 NW 96Th St, Miami, FL 33150
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    Leases and Sales on Map

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    • For Lease

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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
    Pinnacle Realty
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