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Flex Space with Warehouse
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4040 Delp St, Memphis, TN 38118

Front-load office and warehouse space with renovated offices and partially air-conditioned warehouse area.

Property Size24,000 SF
Days on Market1103

Property Features for 4040 Delp St

General Information

Standard status Active
Size 24,000 SF
Net Rentable 24,000 SF
Property subtype INDUSTRIAL

Space & Availability

Available Space 24,000 SF
Contiguous Space 24,000 SF
Space Use Office

Warehouse & Industrial

Warehouse Space 19,000 SF
Office Build-Out 5,000 SF
Loading Front Load
Conditioned Warehouse Yes
Listing Agency: Sealy & Company | Dallas
Listed By: William Shagets
Source: Moodyscre
Added: Jul 26, 2023 Changed: Jul 31 Last Checked: Jul 31 at 10:52AM

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 Sealy & Company | Dallas

Investment Insights

Based on property information with market context.

This 24,000 SF flex property includes 5,000 SF of office space and 19,000 SF of warehouse space. The warehouse is partially air conditioned and configured for front loading, while the office and warehouse areas provide a combined commercial workspace. The property also features new exterior paint.

The office area has been renovated with new paint and LVT flooring, providing an updated finish for administrative or support functions within the facility.

Key Highlights

  • 24,000 SF available
  • 5,000 SF office space and 19,000 SF warehouse space
  • Partially air‑conditioned warehouse

Property Analytics

Current Use

Memphis Data & Direct ... Computer & Electronic Repair

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Cafe & Coffee Shop Skin Care Clinic Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

480
Businesses Nearby
Well-served
Demand for This Use

Demographics for 38118, TN

39,627
Population
16,317
Households
2.4
Avg Household Size
32
Median Age
12%
College-Educated
79%
High-School Grad
30.5 sq mi
ZIP Area
1,299
Density / Sq Mi
$42,464
Median Household Income
$30,431
Median Earnings
$1,105
Median Rent
$95,700
Median Home Value

Market

Lease Benchmarks for Memphis, TN

$89.26 /SF/Yr
Avg Asking Price
$8–$141 /SF/Yr
Price Range
14,613 SF
Avg Space Size

Properties on Market for Flex space in Shelby County

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Office in Memphis, TN

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Front-load office and warehouse space with renovated offices and partially air-conditioned warehouse area.
Where is this flex space located?
The property is located at 4040 Delp St Memphis, TN.
What are key features of this property?
This property features: 24,000 SF available; 5,000 SF office space and 19,000 SF warehouse space; Partially air‑conditioned warehouse
(214) 239-5114 Call to check price and availability
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