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    3912 Raleigh Millington Rd Memphis, TN 38128

    For Sale
    $374,900

    4.74 Acres, Warehouse, Redevelopment Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 4.74-acre commercial property located at 3912 Raleigh Millington Road in Memphis, Tennessee, presents a compelling redevelopment opportunity. The site currently features a warehouse building equipped with a single loading dock, providing immediate utility and potential for various uses. The expansive acreage offers significant flexibility for future development, allowing for expansion of the existing structure or construction of entirely new facilities. The property's location in Memphis provides access to major transportation routes and a robust local economy, making it an attractive investment for developers and businesses seeking a strategic location. The existing warehouse, while functional, offers a blank canvas for adaptive reuse, allowing for customization to suit a wide range of commercial needs. Whether envisioned as a distribution center, storage facility, or converted into a different type of commercial space, this property's size and location offer substantial upside potential. The property is priced at $374,900 and is being offered as-is. Serious inquiries are encouraged to explore the full potential of this prime Memphis commercial property. The property is zoned for commercial use. Further due diligence is recommended to confirm zoning and permitted uses.

    Property Features for 3912 Raleigh Millington Rd

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1979
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9254
    Latitude
    35.23257

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    FAQs

    What type of property is this?
    Commercial real estate - 4.74 Acres, Warehouse, Redevelopment Opportunity
    Where is this commercial real estate located?
    The property is located at 3912 Raleigh Millington Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $374,900.
    Request Owner's contact information
    3912 Raleigh Millington Rd Memphis, TN 38128
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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
    3912 Raleigh Millington Rd Memphis, TN 38128
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