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    1531 Thomas St Memphis, TN 38107

    For Sale
    $6,500,000

    198,633 SF manufacturing/warehouse with heavy power and rail service.

    Property size:
    198,633 SF

    Property Features for 1531 Thomas St

    General Information

    Size
    198,633 SF

    Source: Brian Califf, CCIM Agent Brian Califf, CCIM

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

    Overview

    Memphis Industrial Property For Sale

    This 198,633 square foot property is suitable for process manufacturing. It features high bay areas and heavy power capabilities. Rail service is available, and the property has potential for high volume water usage. Located in Memphis, TN, the property is suitable for industrial or warehouse use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0375896
    Latitude
    35.1833385

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    FAQs

    What type of property is this?
    Manufacturing property - 198,633 SF manufacturing/warehouse with heavy power and rail service.
    Where is this manufacturing property located?
    The property is located at 1531 Thomas St Memphis, TN.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - Ideal for process manufacturing; - High bay; - Heavy power
    (901) 830-0421
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    1531 Thomas St Memphis, TN 38107
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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
    1531 Thomas St Memphis, TN 38107
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