Retail Building in Beale
For Sale
Contact for pricing
152 Beale St, Memphis, TN 38103
14,137 SF retail building in the Beale Street District.
Property Size14,137 SF
Price / SF$176.84
Days on Market814
Property Features for 152 Beale St
General Information
Standard status
Active
Size
14,137 SF
Property subtype
Retail
Building Details
Stories
3
Listing Agency:
Jones Aur Commercial Real Estate
Listed By:
Carson Kane · License #60452
(901) 515-7767
Source:
Crexi
Added: Jul 26, 2024
Changed: Oct 15
Last Checked: Oct 16 at 7:54AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,017
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,820,340
$2.8M
Cap Rate 7%
$2,014,529
$2.0M
Cap Rate 9%
$1,566,856
$1.6M
Market Conditions
NOI Build-Up for 14,137 SF
Gross rent
$212.1K $15.00/SF
− Vacancy
−$10.6K −$0.75/SF
EGI
$201.5K $14.25/SF
− OpEx
−$60.4K −$4.27/SF
NOI
$141.0K $9.98/SF
Area
Memphis, TN
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,820,340
Cap Rate 7%
$2,014,529
Cap Rate 9%
$1,566,856
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,426
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 68%
Dining 27%
Apparel 3%
Shops & Services 1%
Flying Fish
Dining
18,139 visits/mo
0.2 miles
DoubleTree by Hilton Hotel Memphis Downtown
Hotels & Casinos
12,893 visits/mo
0.2 miles
Hampton Inn & Suites Memphis Beale Street
Hotels & Casinos
11,520 visits/mo
0.1 miles
Hilton Garden Inn Memphis Downtown
Hotels & Casinos
7,623 visits/mo
0.3 miles
Hotel Indigo Memphis Downtown
Hotels & Casinos
6,922 visits/mo
0.4 miles
Demographics for 38103, TN
14,739
Population
8,811
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
5,459
Density / Sq Mi
$75,763
Median Household Income
$60,918
Median Earnings
$1,575
Median Rent
$380,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Memphis, TN
Frequently Asked Questions
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
