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    8963 E Shelby Dr Memphis, TN 38125

    For Sale
    $3,500,000

    Church with sanctuary, classrooms, parsonage, and expansion potential.

    Property size:
    23,600 SF
    Lot size:
    9.91 Acres

    Property Features for 8963 E Shelby Dr

    General Information

    Size
    23,600 SF
    Lot size
    9.91 Acres

    Source: Cushman & Wakefield | Commercial Advisors - Memphis Agent Conner Walker

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

    Overview

    Move-in Ready Church For Sale

    The property at 8963 East Shelby Dr. is a church ready for a large congregation. The sanctuary accommodates approximately 700 people and can serve as a fellowship hall or gym. Classrooms line the sides of the sanctuary. The property includes a recently renovated parsonage, currently rented out as an event space for revenue generation. The property size is approximately 23,600 square feet and the lot size is approximately 9.91 acres, providing room for expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Hotel & Motel Gym & Fitness Bar & Pub Electrical Service Electronics Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7640386
    Latitude
    35.0197206

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    FAQs

    What type of property is this?
    Church & religious facility - Church with sanctuary, classrooms, parsonage, and expansion potential.
    Where is this church & religious facility located?
    The property is located at 8963 E Shelby Dr Memphis, TN.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Move-in ready church suitable for a large congregation.; - Sanctuary holds approximately 700 and can be used as a fellowship hall or gym.; - Approximately 9.91 acres of land offers room for expansion.
    (901) 413-9739
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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
    8963 E Shelby Dr Memphis, TN 38125
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