Retail Building in Beale
152 Beale St Memphis, TN 38103
152 Beale St, Memphis, TN, 38103
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For Sale
Contact for pricing
14,137 SF retail building in the Beale Street District.
Property Size14,137 SF
Price / SF$176.84
Days on Market723
Property Features for 152 Beale St
General Information
- Standard status
- Active
- Size
- 14,137 SF
- Property subtype
- Retail
Listing Agency
Jones Aur Commercial Real Estate
Listed by
Carson Kane · License #60452
Source
Crexi
Added: Jul 26, 2024 Checked: Jul 17 at 5:53 am
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 Jones Aur Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a 14,137 square foot retail building situated in the historic Beale Street Entertainment District. The property is located within the Beale Street area.
Key Highlights
- Located in the Historic Beale Street Entertainment District
- 14,137 SF Retail Building
Local Financial Insights For Retail
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 | $212.1k | $15.00 |
| − Vacancy | −$10.6k | −$0.75 |
| EGI | $201.5k | $14.25 |
| − OpEx | −$60.4k | −$4.27 |
| NOI | $141.0k | $9.98 |
14,137 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.35M
NOI $141,017 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.18M
$3.66M – $4.87M
NOI $292,466 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Club 152
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 14,137 SF retail building in the Beale Street District.
Where is this retail space located?
The property is located at 152 Beale St Memphis, TN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Located in the Historic Beale Street Entertainment District; 14,137 SF Retail Building
