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Memphis Industrial Building Near Airport
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3938 Runway Rd, Memphis, TN

Freestanding 10,200 SF industrial building for lease near Memphis Airport.

Space Size10,200 SF
Lot Size0.72 Acres
Days on Market480

Property Features for 3938 Runway Rd

General Information

Standard status Active
Size 10,200 SF
Lot size 0.72 Acres
Property subtype INDUSTRIAL

Spaces For Lease

at 3938 Runway Rd Contact us

3938 Runway Rd $4.70/SF/Yr

Floor
Bldg
Size
10,200 SF
Type
INDUSTRIAL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Freestanding Industrial For Lease 3938 Runway Road, Memphis, TN 3938 10,200 ft...
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Listing Agency: NAI Saig Company - Memphis
Listed By: Brian Califf · License ##299669
Source: Moodyscre
Added: Apr 21, 2025 Changed: Aug 8 Last Checked: Aug 8 at 5:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Saig Company - Memphis

Investment Insights

Based on property information with market context.

This freestanding industrial building, located at 3938 Runway Road in Memphis, Tennessee, offers 10,200 square feet of space on a 0.76-acre lot. Constructed in 1970, the building features a 15-foot clear height and is zoned I-L. The property is situated adjacent to Memphis International Airport. The asking rent is $4.70 per square foot MG, or $4000 per month.

Key Highlights

  • Adjacent to Memphis International Airport
  • 10,200 sq ft building
  • Asking Rent $4.70 per foot MG or $4000 per month

Property Analytics

Current Use

Dent Wizard Auto Repair Shop Jepsen Maintenance Services ... General Contractor

Suggested Use

Top Pick Building Supply Restaurant Auto Repair Shop Auto Parts Store Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

52
Businesses Nearby
Under-served
Demand for This Use

Market

Lease Benchmarks for Memphis, TN

$9.78 /SF/Yr
Avg Asking Price
$7.5–$12 /SF/Yr
Price Range
71,113 SF
Avg Space Size

Vacancy Rate% for Industrial in Memphis, TN

5.5% 2019
6.3% 2020
4.8% 2021
4.5% 2022
7.4% 2023
8.8% 2024
8.5% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Warehouse - Freestanding 10,200 SF industrial building for lease near Memphis Airport.
Where is this warehouse located?
The property is located at 3938 Runway Rd Memphis, TN.
What are key features of this property?
This property features: Adjacent to Memphis International Airport; 10,200 sq ft building; Asking Rent $4.70 per foot MG or $4000 per month
(901) 526-3100 Call to check price and availability
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