4750 NAVY Rd Millington, TN 38053
COMMERCIAL - Millington, TN
- Added:
- Apr 4, 2026
- Days on Market:
- 102
- Last Refresh:
- Jul 14 at 1:06 am
Property Features for 4750 NAVY Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 4,000 SF
Taxes and HOA fees
- Tax Annual Amount
- 2198
Building Details
- Year built
- 1984
Listing agent Lisa Chou (901) 634-6551
Listing office Adaro Realty, Inc. 890 Willow Tree Cir, Ste 6, Memphis, TN (901) 751-6675
Listing date Apr 4, 2026
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Free‑standing building with land in a desirable Millington, TN location.
- High‑traffic location near Millington City Hall, Hwy 51, and national chains.
- Substantial recent renovations: newer roof, newer A/C, new walk‑in cooler and freezer, new flooring, repaved lot, renovated bathrooms, and recently painted exterior.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $14.40 |
| − Vacancy | −$5.8k | −$1.44 |
| EGI | $51.8k | $12.96 |
| − OpEx | −$15.6k | −$3.89 |
| NOI | $36.3k | $9.07 |
