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    4988-5016 Summer Ave Memphis, TN 38122

    For Lease
    Contact for pricing

    20,000 SF retail space with frontage on Summer Avenue.

    Property size:
    20,000 SF
    Lot size:
    5.83 Acres

    Property Features for 4988-5016 Summer Ave

    General Information

    Size
    20,000 SF
    Lot size
    5.83 Acres

    Source: Jones Aur Commercial Real Estate | Memphis Agent Jonathan Aur

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

    Overview

    20,000 SF Retail Space Available

    This property offers 20,000 square feet of big box retail space with frontage on Summer Avenue, as well as pylon signage. The location is near new developments on Summer Avenue, including a newly constructed Chick-Fil-A, Starbucks, and Chipotle. Traffic counts are significant in this area, with Summer Avenue recording 20,605 AADT, Sam Cooper Boulevard at 79,299 AADT, I-40 at 162,239 AADT, and I-240 at 178,404 AADT.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -89.8947022
    Latitude
    35.1503724

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    FAQs

    What type of property is this?
    Retail space - 20,000 SF retail space with frontage on Summer Avenue.
    Where is this retail space located?
    The property is located at 4988-5016 Summer Ave Memphis, TN.
    What are key features of this property?
    This property features: - High Traffic Counts: Located near major thoroughfares including Summer Avenue, Sam Cooper Blvd, I-40, and I-240.; - **20,000 SF Big Box Space**: Offers a large, versatile space.; - **Frontage on Summer Avenue**: Provides excellent visibility and accessibility.
    (901) 212-0457
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    4988-5016 Summer Ave Memphis, TN 38122
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    Memphis, TN 38122
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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
    4988-5016 Summer Ave Memphis, TN 38122
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