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Memphis Flex Industrial Property

3657 Old Getwell Road Memphis, TN 38118

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For Sale
$4,420,000

34,278 SF flex industrial property in Memphis, Tennessee for sale.

Type:FlexIndustrial
Property size:
34,278 SF
Lot size:
4.10 Acres
Price / SF:
$128/SF
Added:
Mar 25, 2026
Days on Market:
109
Last Refresh:
Jul 4 at 1:30 am

Property Features for 3657 Old Getwell Road

General Information

Standard status
Active
Size
34,278 SF
Lot size
4.10 Acres
Property subtype
FlexIndustrial

Listing office

Listing date Mar 25, 2026

Source Cbre

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 John Lamberson


Investment Insights

Based on property information with market context.

The property at 3657 Old Getwell Road is a 34,278 square foot flex industrial property located in the Southeast submarket of Memphis, Tennessee. Known as America’s Distribution Center, Memphis is a centrally located national logistics hub. The property consists of two buildings: a 26,778 square foot primary building and a 7,500 square foot metal building. Constructed in 1972 and renovated in 2019, the premises is situated on 4.1 acres and includes 117 secured parking spaces for vehicles or trailer parking, as well as approximately one acre of graveled parking area. The property offers convenient access to major transit corridors, including Interstates 240, 55, and 40, US Highway 78, as well as the Memphis International Airport, and the FedEx and UPS Hubs.

Key Highlights

  • Prime location in Memphis, "America’s Distribution Center".
  • Convenient access to Interstates 240, 55, and 40, US Highway 78, Memphis International Airport, FedEx and UPS Hubs.
  • 34,278 GSF flex industrial property comprised of two buildings.

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 $547.1k $15.96
− Vacancy −$49.2k −$1.44
EGI $497.8k $14.52
− OpEx −$149.4k −$4.36
NOI $348.5k $10.17
34,278 SF · lease $15.96/SF/yr · vacancy 9.00% · expense 30.00%

Alternative Uses

Best Use
Warehouse
$6.05M
$5.29M – $7.05M (±1% cap)
NOI $423,164 @ 7.0% cap · market cap 9.57%
Second Best
Industrial
$4.98M
$4.36M – $5.81M (±1% cap)
NOI $348,488 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$10.13M
$8.86M – $11.82M (±1% cap)
NOI $709,143 @ 7.0% cap · market cap 16.04%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Law Firm Gym & Fitness Center Garden Center Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service (Bike/Boat/Book/etc) Store Tech Support Center

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

Similar Off Market Nearby

  • Bottomless Flava — 4071 Laconia Ln, Memphis, TN 38118

FAQs

What type of property is this?
Flex space - 34,278 SF flex industrial property in Memphis, Tennessee for sale.
Where is this flex space located?
The property is located at 3657 Old Getwell Road Memphis, TN.
What is the asking price?
The asking price for this property is $4,420,000.
What are key features of this property?
This property features: Prime location in Memphis, "America’s Distribution Center".; Convenient access to Interstates 240, 55, and 40, US Highway 78, Memphis International Airport, FedEx and UPS Hubs.; **34,278 GSF flex industrial property** comprised of two buildings.
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