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    4750 Navy Rd Millington, TN 38053

    For Sale
    $489,000

    High-yield property, strong tenant, lease options.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property located at 4750 Navy Rd, Millington, TN, presents a compelling investment opportunity. Currently leased to a reliable tenant generating a substantial monthly income of $3,000 triple net (taxes, insurance, and maintenance are the tenant's responsibility), this property offers a secure and profitable return. The existing lease agreement is in place until January 1st, 2025, with built-in options for renewal, ensuring long-term income stability. The property boasts significant recent upgrades, including a new roof installed in 2019 and a new air conditioning system also installed in 2019, minimizing future maintenance expenses and maximizing operational efficiency. This is a turnkey investment ready to generate immediate cash flow. The property is classified as General Commercial and is offered at $489,000. This represents a strong value proposition in the Millington commercial real estate market. The property's location in Millington, TN, offers convenient access to key transportation routes and amenities. Serious inquiries are encouraged to explore this lucrative investment opportunity further. Contact us today to schedule a viewing.

    Property Features for 4750 Navy Rd

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1984
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jay's Coffee & Cuisine Brunch Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.90498
    Latitude
    35.34184

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield property, strong tenant, lease options.
    Where is this commercial real estate located?
    The property is located at 4750 Navy Rd Millington, TN.
    What is the asking price?
    The asking price for this property is $489,000.
    (901) 685-2828
    Request Owner's contact information
    4750 Navy Rd Millington, TN 38053
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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
    4750 Navy Rd Millington, TN 38053
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