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    5015 Citation Dr Memphis, TN 38118

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    For Lease
    Contact for pricing

    500,000 SF industrial space near Memphis Airport.

    Property size:
    500,000 SF
    Lot size:
    37.25 Acres

    Property Features for 5015 Citation Dr

    General Information

    Size
    500,000 SF
    Lot size
    37.25 Acres

    Source: EQT Exeter - Corporate Agent Bobby Daush

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

    Overview

    Memphis Industrial Space Available

    This industrial space offers 500,000 square feet of available area within a 500,000 square foot building. The space will be available starting August 1, 2023. It features a 10,000 square foot main office, a 5,000 square foot secondary office, and a 2,000 square foot shipping and receiving office. The building provides a 32-foot clear height and typical column spacing of 50 feet by 42 feet. It is equipped with 75 dock doors and 4 drive-in doors. The site is fully fenced and includes a guard shack. Parking includes up to 404 car spaces on the east side of the building, with an additional 25 trailer parking spaces located in the rear truck court on the west side. Furthermore, 126 car spaces can be converted to approximately 35 additional trailer parking spaces. The property is located in close proximity to Memphis International Airport, FedEx's World Hub, and BNSF's Memphis Intermodal Terminal.
    Insight Report Location Intelligence

    Current Use by Public Records

    Siemens Healthineers Warehouse Warehouse New Breed Logistics Service Colliers Management Services Business Management Consultant XPO Logistics/Whirlpool Logistics Service

    Suggested Use

    Clothing Store Pharmacy Restaurant Department Store Kitchen & Bath Storage Facility Garden Center Discount Store Auto Parts Store Pawn Shop

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

    Similar Places Nearby

    Opera8, Guardian Relocation Moving Company - Atlas Van Lines

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9110006
    Latitude
    35.0097214

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    FAQs

    What type of property is this?
    Warehouse - 500,000 SF industrial space near Memphis Airport.
    Where is this warehouse located?
    The property is located at 5015 Citation Dr Memphis, TN.
    What are key features of this property?
    This property features: - 500,000 SF available in a large industrial building.; - Strategic location near Memphis International Airport, FedEx World Hub, and BNSF Intermodal Terminal.; - High capacity with **75 dock doors** and 4 drive-in doors.
    (901) 260-1832
    Request Owner's contact information
    5015 Citation Dr 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
    5015 Citation Dr Memphis, TN 38118
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