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    5125 Spice Cv Memphis, TN 38134

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    For Lease
    $12 SF/Yr

    Office and showroom/warehouse spaces available in Memphis, Tennessee.

    Property size:
    131,000 SF
    Lot size:
    131,000 SF

    Property Features for 5125 Spice Cv

    General Information

    Size
    131,000 SF

    Building Details

    Year built
    1987

    Source: Brian Califf, CCIM Agent Brian Califf, CCIM

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

    Overview

    Northeast Memphis Business Park

    Perimeter Point Business Center is a 131,000 square-foot business park located in Northeast Memphis. The six-building campus offers office, showroom, and warehouse spaces with grade-level and roll-up doors. Available spaces range from small one-to-two-person offices starting at 250 square feet to small to mid-sized office/flex spaces with warehouse components ranging from 1,000 to 9,000 square feet. The property provides ample parking and is centrally located to service the Memphis Metropolitan Statistical Area. Situated within the block formed by Covington Way, Elmore Road, and Spicer Cove, the location offers convenient access to the intersection of I-240 and I-40 off Covington Pike, making it suitable for a regional sales and service office. The property is professionally and locally managed.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.891643
    Latitude
    35.069661

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    FAQs

    What type of property is this?
    Flex space - Office and showroom/warehouse spaces available in Memphis, Tennessee.
    Where is this flex space located?
    The property is located at 5125 Spice Cv Memphis, TN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location near the intersection of I-240 and I-40, providing easy access.; - Versatile space options including office, showroom, and warehouse spaces ranging from 1,000 to 9,000 SF.; - Small office spaces available, starting at 250 SF.
    (901) 830-0421
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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
    5125 Spice Cv Memphis, TN 38134
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