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    Memphis, TN 38118

    For Sale
    $150,000

    Land - Memphis, TN

    Lot size:
    0.50 Acres
    Days on Market:
    769
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    comm
    Lot size
    0.50 Acres

    Building Details

    Architectural style
    Other

    Crye-Leike Realtors (901) 756-8900 [email protected]

    Listing agent Jimmie Tapley (901) 756-8900

    Listing date Oct 31, 2023

    MLS# 10090250 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

    Commercial Land in Memphis, TN

    This 0.5-acre commercial land is located at the end of Damascus at Shelby Drive in Memphis, TN. The lot features good frontage and natural drainage. It is adjacent to an industrial office and has access to gas, water, and electricity. According to the listing, the owner is open to selling this parcel individually or in conjunction with two additional parcels.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9298
    Latitude
    35.0368

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    FAQs

    What type of property is this?
    Land - 0.5 acre commercial land with utilities in Memphis, TN.
    Where is this land located?
    The property is located at Memphis, TN.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Good frontage on Shelby Dr.; - Access to gas/water/elec; - Natural drainage informs land use.
    (901) 756-8900
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    Memphis, TN 38118
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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
    Memphis, TN 38118
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