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    1199 Thomas St Memphis, TN 38107

    Picture of Manufacturing properties at Thomas St 1199, Memphis, TN
    For Sale
    $2,180,000

    Light Industrial/Manufact - Memphis, TN

    Days on Market:
    198
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 1199 Thomas St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1938
    Architectural style
    Other

    Coldwell Banker Collins-Maury (901) 259-8500 [email protected]

    Listing agent Sean Blankenship (662) 548-2000

    Listing date May 30, 2025

    MLS# 10197814 Listing URL

    Copyright © 2025 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Memphis Industrial Property with Cranes

    Located in North Memphis, the property at 1199 Thomas St is suitable for businesses in the logistics and manufacturing sectors. The property spans approximately 4.75 acres and includes three buildings with a total area of around 109,000 square feet, designed for manufacturing and milling operations. The facility features four heavy-duty cranes, ranging from 15 to 30 tons. Zoned EMP (Employment) under Memphis’s Unified Development Code, the versatile space is ideal for light industrial activities, warehousing, or office setups. Located in the 38107 ZIP code, the property is near I-40, making it suitable for distribution or supply chain operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0361784
    Latitude
    35.1741637

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    FAQs

    What type of property is this?
    Manufacturing property - Industrial property in Memphis, TN with heavy-duty cranes.
    Where is this manufacturing property located?
    The property is located at 1199 Thomas St Memphis, TN.
    What is the asking price?
    The asking price for this property is $2,180,000.
    What are key features of this property?
    This property features: - Prime industrial property spanning 4.75 acres with **109,000 total square feet** across three buildings.; - Zoned EMP (Employment) offering versatile use for light industrial, warehousing, or office space.; - Strategically located in North Memphis (38107 ZIP code) near I-40 for optimal logistics and distribution.
    (662) 548-2000
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    1199 Thomas St Memphis, TN 38107
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    Realmo Value Estimation

    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.

    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.

    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
    1199 Thomas St Memphis, TN 38107
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