Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8224 Memphis Arlington Road Bartlett, TN 38133

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $375,000

    Gated land featuring a lake, fountain, and private entrance.

    Type:Land / Land
    Added:
    Feb 15, 2025
    Days on Market:
    426
    Last Refresh:
    Mar 13 at 11:01 am

    Property Features for 8224 Memphis Arlington Road

    General Information

    Standard status
    Active
    Property subtype
    Land / Land

    We can help!

    Listing Contact
    L. Bruce Milner

    Listing agent L. Bruce Milner License #288682

    Listing office eXp Realty, LLC

    Listing date Feb 15, 2025

    Source Compass

    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 eXp Realty, LLC

    Overview

    Land with Lake and Fountain

    This property features a small lake, a double fountain, and a private entrance. The land is well-manicured and gated, offering a location to build near the lake.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7889641
    Latitude
    35.2365708

    Nearby Similar for Sale

    • $549,900

      Bartlett Land with Development Potential

      2.18 acre Bartlett, TN tract ideal for commercial or residential.
      3384 N GERMANTOWN, Bartlett, TN 38133
      View Details
    • $1,500,000

      Established Childcare Center in Bartlett

      Operating childcare center in Bartlett, TN, with growth potential.
      8045 BROTHER, Bartlett, TN 38133
      View Details
    • $400,000

      Commercial Land Near Police Station

      Commercial land for sale in Bartlett, Tennessee, near amenities.
      7543 US 70, Bartlett, TN 38133
      View Details
    • $549,900

      Commercial Land in Bartlett, TN

      Commercial land suitable for office or retail development.
      3384 GERMANTOWN, Bartlett, TN 38133
      View Details
    • $214,000

      Bartlett Land Near Germantown Road

      Land for sale near Germantown Rd/Hwy 70 Intersection, Bartlett, TN
      8121 HWY 70, Bartlett, TN 38002
      View Details
    • $144,977

      Development Land Opportunity in Bartlett

      2.96 acres of land suitable for residential development.
      5259 STAGE, Bartlett, TN 38134
      View Details
    • $295,995

      13 Acres of Land Package

      13 acres of land package in Bartlett, Tennessee.
      N GERMANTOWN ROAD, Bartlett, TN 38133
      View Details
    • $47,500

      Bartlett Land For Sale

      Prime 0.35 acre lot in the heart of Bartlett.
      STAGE CENTER, Bartlett, TN 38134
      View Details
    • $165,000

      Bartlett Land for Custom Home

      1.72 acres in Bartlett, TN, ready for your dream home.
      5994 ELMORE, Bartlett, TN 38134
      View Details
    • $39,900

      Bartlett Land For Sale

      Commercial land in Bartlett, Tennessee, ideal for office building.
      2798 STAGE CENTER, Bartlett, TN 38134
      View Details
    • $350,000
      3,262 SF

      Office Space in Old Bartlett

      3,262 SF office space for sale in Bartlett.
      2857 Shelby St, Bartlett, TN 38134
      View Details
    • $150,000

      Bartlett, TN Commercial Land

      2.56 acre commercial lot in a high-traffic area.
      0 US 64, Bartlett, TN 38133
      View Details

    FAQs

    What type of property is this?
    Land - Gated land featuring a lake, fountain, and private entrance.
    Where is this land located?
    The property is located at 8224 Memphis Arlington Road Bartlett, TN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Small lake on property; Private, gated entrance; Ready to build
    (901) 482-0444
    We can help!
    Listing Contact
    L. Bruce Milner
    Real Estate License ID: 288682
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!