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    1684 Florida St Memphis, TN 38109

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    For Sale
    $3,700,000

    6,400 SF industrial property with value-add potential on 22 acres.

    Property size:
    6,400 SF
    Lot size:
    12.87 Acres

    Property Features for 1684 Florida St

    General Information

    Size
    6,400 SF
    Lot size
    12.87 Acres

    Source: Sands Investment Group (SIG) | Austin Agent Stratton Greig

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

    Overview

    Memphis Industrial Outdoor Storage Opportunity

    This 6,400 square foot industrial property is located at 1684 Florida Street in Memphis, TN. The property features an absolute NNN lease with zero landlord responsibilities and attractive rent increases. The current tenant occupies 9 acres, leaving 13 acres available for additional industrial outdoor storage (IOS), which is a sought-after asset class. The tenant, USA Storage Yards, has signed a 10-year lease with multiple 5-year renewal options, indicating a long-term commitment to the location. The property is located in the Memphis MSA with access to major highways 55, 61, and 69. The surrounding area has a population of 473,712 residents within a 10-mile radius, with an average household income of $64,735. This property presents a value-add opportunity due to the excess yard space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    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.

    Similar Places Nearby

    Public Storage, Front Street Vintage Auto Storage, Self-Storage at U-Haul, Lucky Self Storage, Refurban

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0622999
    Latitude
    35.1015421

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    FAQs

    What type of property is this?
    Warehouse - 6,400 SF industrial property with value-add potential on 22 acres.
    Where is this warehouse located?
    The property is located at 1684 Florida St Memphis, TN.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: - Value-Add Opportunity: 13 acres of excess IOS space available for development, significantly increasing potential revenue.; - Desirable IOS Asset Class: Property offers significant Industrial Outdoor Storage (IOS), a highly sought-after asset class.; - Absolute NNN Lease: Zero landlord responsibilities, providing a secured and passive investment.
    (844) 474-4666
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    1684 Florida St Memphis, TN 38109
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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
    1684 Florida St Memphis, TN 38109
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