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    5291-5287 Airline Rd Arlington, TN 38002

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    For Lease
    Contact for pricing

    New shopping center near Kroger and Arlington High School.

    We can help!

    Listing Contact
    Shawn Massey, Ccim, Crrp, Alc
    Source: Tscg

    Listing Agent: Shawn Massey, Ccim, Crrp, Alc

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

    Learn more

    Overview

    New Retail Development For Lease

    A new 22,885 square foot shopping center is under construction at a busy intersection. The location is across from a future Kroger Marketplace and Arlington High School, which has over 2,100 students. Co-tenants include Whataburger, Starbucks, Chicken Salad Chick, Sport Clips, AT&T, and Real Wellness & Aesthetics. The property is less than a mile from Interstate 40 and has excellent visibility and access from both Milton Wilson Drive and Airline Road. Area retailers include Fred's, AutoZone, Dollar General, McDonald's, Sonic, Olympic Steakhouse, and Regions Bank. Traffic counts are 12,667 AADT on Airline Road and 14,466 AADT on Milton Wilson Blvd.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.6672132
    Latitude
    35.2701125

    Nearby Similar for Lease

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      Retail Center Near Arlington School

      New retail center with excellent visibility and access.
      Airline Rd & Milton Wilson Blvd, Arlington, TN 38002
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      Arlington Retail Space For Lease

      Retail building with drive-thru potential in Arlington, Tennessee.
      Retail Milton Wilson Dr, Arlington, TN 38002
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      Retail Building Near Arlington High

      Multi-tenant retail building near school and future Kroger.
      11830 Milton Wilson Dr, Arlington, TN 38002
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      2,400 SF

      New Retail Space in Arlington

      New 22,885 SF shopping center with excellent visibility.
      5291 Airline Rd, Arlington, TN 38002
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      3,600 SF

      Arlington Retail Space Available

      Retail space available for lease in Arlington, Tennessee.
      5062 Milton Wilson Blvd, Arlington, TN 38002
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      2,325 SF

      Retail Space in Proposed Center

      Proposed shopping center with retail and restaurant space for lease.
      Milton Wilson Dr & Airline Rd, Arlington, TN
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      17,800 SF

      Retail Space in Proposed Center

      Retail spaces for lease in proposed 34,125 SF shopping center.
      Milton Wilson Rd & Airline Rd, Arlington, TN
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      2 SF

      Arlington Village Retail Center

      High-growth area, Kroger-anchored center
      0 Sec Of Airline Rd & Milton Wilson Blvd, Arlington, TN 38002
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      6,150 SF

      Arlington Executive Office Suites

      Prestigious Office Space, 3 Suites Available
      6225 Greenlee St, Arlington, TN 38002
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      22,885 SF

      The Falls Shopping Center: Arlington, TN

      Prime Retail Space Available: Arlington, TN
      5291-5287 Airline Rd, Arlington, TN 38002
      View Details
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      4,950 SF

      Arlington Retail Space - 3 Suites Available

      Prime Arlington retail space, 4,950 sq ft, 3 suites.
      0 Milton Wilson Dr, Arlington, TN 38002
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    FAQs

    What type of property is this?
    Shopping center - New shopping center near Kroger and Arlington High School.
    Where is this shopping center located?
    The property is located at 5291-5287 Airline Rd Arlington, TN.
    What are key features of this property?
    This property features: - High-traffic location at a busy intersection.; - New shopping center development with established co-tenants like Whataburger and Starbucks.; - Across from a future Kroger Marketplace and Arlington High School (2,100+ students).
    (901) 334-5702
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    5291-5287 Airline Rd Arlington, TN 38002
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    Arlington, TN 38002
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5291-5287 Airline Rd Arlington, TN 38002
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    We can help!
    Listing Contact
    Shawn Massey, Ccim, Crrp, Alc
    (901) 334-5702
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