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    1249 E Shelby Dr Memphis, TN 38116

    For Lease
    Contact for pricing

    Retail space with high visibility near Memphis International Airport.

    Property size:
    1,008 SF
    Lot size:
    1.05 Acres

    Property Features for 1249 E Shelby Dr

    General Information

    Size
    1,008 SF
    Lot size
    1.05 Acres

    Source: Mason Asset Management - Corporate Agent Igal Nassim

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

    Overview

    Retail Space on Shelby Drive

    This 1,008 square foot retail space benefits from a strong regional location with excellent visibility on Elvis Presley Boulevard and Shelby Drive. These two heavily-traveled transportation corridors connect Whitehaven’s commercial areas with surrounding neighborhoods. The location is just off I-55 and 2 miles from Memphis International Airport, across from Kroger and the Jewelry Exchange Center. Traffic counts show 22,285 Average Annual Daily Traffic (AADT) on Elvis Presley Boulevard and 25,208 AADT on Shelby Drive.
    Insight Report 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 Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0225809
    Latitude
    35.0206333

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility near Memphis International Airport.
    Where is this retail space located?
    The property is located at 1249 E Shelby Dr Memphis, TN.
    What are key features of this property?
    This property features: - Excellent visibility from Elvis Presley Boulevard and Shelby Drive.; - Strong regional location.; - Located just off I-55.
    (516) 371-5858
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    1249 E Shelby Dr Memphis, TN 38116
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    Memphis, TN 38116
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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
    1249 E Shelby Dr Memphis, TN 38116
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