Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    10304 Collierville Rd Collierville, TN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Available land at a large lifestyle center development.

    Type:LAND
    Lot size:
    6.00 Acres
    Added:
    Aug 8, 2024
    Days on Market:
    630
    Last Refresh:
    Apr 5 at 11:25 pm

    Property Features for 10304 Collierville Rd

    General Information

    Standard status
    Active
    Lot size
    6.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Cary Whitehead

    Listing agent Cary Whitehead

    Listing office Boyle Investment Company

    Listing date Aug 8, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Boyle Investment Company

    Overview

    Land at Avenue at Carriage Crossing

    Available land ranges from 1 to 6 acres at the entrance to the Avenue at Carriage Crossing development. This is a 1 million-square-foot lifestyle and power center development. The location is at the intersection of 385 and Houston Levee Road in Collierville. Sites are available at the intersection of Houston Levee Road and Shelby Drive and on the north side of Collierville Road adjacent to 385.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7197
    Latitude
    35.026

    Nearby Similar for Sale

    • $350,000

      Historic Shelby County Commercial Space

      Versatile commercial space in Shelby County, ready for its next chapter.
      12017 MACON, Unincorporated, TN 38017
      View Details
    • $980,000

      Collierville Acreage with Existing House

      6+ acres with house, multiple buildings in Collierville, TN.
      450 FLETCHER, Collierville, TN 38017
      View Details
    • $399,000

      Collierville Commercial Land For Sale

      6-acre corner lot zoned GC with utilities in Collierville, TN.
      289 HARRIS, Collierville, TN 38017
      View Details
    • $149,000

      Corner Lot in Spring Creek

      Residential lot in established neighborhood with upscale amenities.
      450 SUGAREE, Collierville, TN 38017
      View Details
    • $130,000

      Residential Lot in Monterey Farms

      Residential lot with water feature and approved custom home plans.
      LOT 42 MONTEREY MILLS, Unincorporated, TN 38017
      View Details
    • $445,000

      Wooded Land in Unincorporated, TN

      12.8 acres of wooded land with building potential.
      385 MONTEREY, Unincorporated, TN 38017
      View Details
    • $1,600,000

      Collierville Land with Development Potential

      Prime Collierville land suitable for development or investment.
      1492 SYCAMORE, Collierville, TN 38017
      View Details
    • $7,600,000

      Collierville Land in Prime Location

      34.11 acres of agricultural land with development potential.
      0 E SHELBY, Collierville, TN 38017
      View Details
    • Contact for pricing
      10,731 SF

      Collierville Retail Building Near Interstate

      10,731 SF retail building near Carriage Crossing shopping center.
      10210 Collierville Rd, Collierville, TN 38017
      View Details
    • $159,000

      Prime Commercial Lot in Collierville

      Commercial lot in a sought-after community, zoned for industrial.
      354 DISTRIBUTION, Collierville, TN 38017
      View Details
    • $155,000

      Land in Monterey Farms

      Residential land available in Unincorporated, Tennessee.
      LOT 62 MONTEREY MILLS RD, Unincorporated, TN 38017
      View Details
    • Contact for pricing

      Medical Office Space in Collierville

      Medical office space in premier shopping center at Houston Levee.
      4674 Merchants Park Circle, Collierville, TN 38017
      View Details

    FAQs

    What type of property is this?
    Land - Available land at a large lifestyle center development.
    Where is this land located?
    The property is located at 10304 Collierville Rd Collierville, TN.
    What are key features of this property?
    This property features: Located at the entrance to the Avenue at Carriage Crossing, a 1 million‑square‑foot lifestyle and power center.; Available acreage ranges from 1 to 6 acres.; Situated at the intersection of 385 and Houston Levee Road.
    (901) 766-4247 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cary Whitehead
    Learn More
    Request Owner's contact information
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!