South Bluffs Commercial
619 Madison Ave Memphis, TN
619 Madison Ave, Memphis, TN, 00000
Contact for pricing
For Sale
Contact for pricing
Commercial property in South Bluffs, suitable for a small business.
Property Size3,503 SF
Lot Size0.32 Acres
Price / SF$142.45
Days on Market557
Property Features for 619 Madison Ave
General Information
- Standard status
- Active
- Size
- 3,503 SF
- Lot size
- 0.32 Acres
- Property subtype
- RETAIL
Listing Agency
Braden, Braden & Braden LLC
(901) 301-3691
Listed by
Curtis Braden · License #TN-284224
(901) 301-3691
Source
Moodyscre
Added: Jan 8, 2025 Checked: Jul 17 at 10:08 pm
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 Braden, Braden & Braden LLC
Investment Insights
Based on property information with market context.
This commercial property is located in the South Bluffs/Downtown area. The 3,503 square foot property presents an opportunity for a small business owner. The property was previously used as an auto service garage and was once the original Jack Morris Auto Glass Co. It features a cement block building that requires renovation.
Key Highlights
- Unique commercial property location in South Bluffs/Downtown.
- Great opportunity for a small business owner.
- Previously used as an auto service garage.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.9k | $15.96 |
| − Vacancy | −$5.0k | −$1.44 |
| EGI | $50.9k | $14.52 |
| − OpEx | −$15.3k | −$4.36 |
| NOI | $35.6k | $10.17 |
3,503 SF · lease $15.96/SF/yr · vacancy 9.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$508.8K
$445.2K – $593.6K
NOI $35,613 @ 7.0% cap · market cap 7.14%
Second Best
Retail
$499.2K
$436.8K – $582.4K
NOI $34,942 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$1.04M
$905.9K – $1.21M
NOI $72,470 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Parish Transmissions Inc — 699 Doctor M.L.K. Jr Ave #2305, Memphis, TN 38126
- Gordon's Auto Body Inc — 448 beale st, memphis, tn 38103
- Complete Custom Auto — 255 Vance Ave, Memphis, TN 38126
- Dorman Products — 50 Peabody Pl, Memphis, TN 38103
- Emergency Towing Memphis 24-7 — 265 S Front St #5f, Memphis, TN 38103
FAQs
What type of property is this?
Auto shop - Commercial property in South Bluffs, suitable for a small business.
Where is this auto shop located?
The property is located at 619 Madison Ave Memphis, TN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Unique commercial property location in South Bluffs/Downtown.; Great opportunity for a small business owner.; Previously used as an auto service garage.
