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    3938 Runway Rd Memphis, TN 38118

    For Lease
    $4 SF/Yr ($3,995 /Mo)

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

    Property size:
    10,200 SF
    Lot size:
    0.72 Acres

    Property Features for 3938 Runway Rd

    General Information

    Size
    10,200 SF
    Lot size
    0.72 Acres

    Source: NAI Saig Company - Memphis Agent Brian Califf

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

    Overview

    Memphis Industrial Building Near Airport

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dent Wizard Auto Repair Shop Jepsen Maintenance Services ... Welder

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Department Store Food Market HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9673143
    Latitude
    35.0411733

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    FAQs

    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 is the lease rate?
    The lease rate is $4 SF/Yr.
    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
    Request Owner's contact information
    3938 Runway Rd Memphis, TN 38118
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    Memphis, TN 38118
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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
    3938 Runway Rd Memphis, TN 38118
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