Auto Collision Center with
For Sale
Contact for pricing
1845 THOMAS ST, Memphis, TN 38134
Configured automotive facility with conditioned work areas, specialized equipment, and a secured vehicle storage lot.
Property Size29,000 SF
Lot Size6.00 Acres
Price / SF$133.93
Days on Market57
Property Features for 1845 THOMAS ST
General Information
Standard status
Active
Size
29,000 SF
Lot size
6.00 Acres
Property subtype
Industrial
Site & Location
Neighborhood
New Chicago Cdc
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Sprinkler System
Yes
Conditioned Warehouse
Yes
Amenities
reception area
restrooms
private offices
warehouse
break room
sprinkler system
air conditioning
fenced lot
automatic gate
pole lights
Building Details
Buildings
1
Building Size
29,000 SF
Abandoned
No
Listing Agency:
Crye-Leike Commercial Memphis
Listed By:
Cathy Anderson · License #TN TN
Source:
Crexi
Added: Sep 3
Changed: Oct 25
Last Checked: Oct 28 at 8:30AM
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 Crye-Leike Commercial Memphis
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Investment Insights
Based on property information with market context.
This automotive property combines a collision-repair facility with substantial operating and storage improvements. The building contains 29,000 square feet, including a reception area, two private offices, restrooms, a warehouse-style work area, and a break room. The entire premises is conditioned and sprinklered. Included equipment comprises two Unicare downdraft paint booths, an alignment machine, balancing machine, and tire machine.
The property also includes a fenced 6-acre lot directly across the street, secured by an automatic gate. Gate controls operate from the shop and lobby areas. One acre has been prepared with soil, cement, and gravel for vehicle parking, with two pole lights serving that area.
The property also includes a fenced 6-acre lot directly across the street, secured by an automatic gate. Gate controls operate from the shop and lobby areas. One acre has been prepared with soil, cement, and gravel for vehicle parking, with two pole lights serving that area.
Key Highlights
- 29,000‑square‑foot automotive collision facility
- Two Unicare downdraft paint booths included
- Additional equipment includes alignment, balancing, and tire machines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$294,829
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,896,580
$5.9M
Cap Rate 7%
$4,211,843
$4.2M
Cap Rate 9%
$3,275,878
$3.3M
Market Conditions
NOI Build-Up for 29,000 SF
Gross rent
$462.8K $15.96/SF
− Vacancy
−$41.7K −$1.44/SF
EGI
$421.2K $14.52/SF
− OpEx
−$126.4K −$4.36/SF
NOI
$294.8K $10.17/SF
Area
Memphis, TN
Vacancy
9.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,896,580
Cap Rate 7%
$4,211,843
Cap Rate 9%
$3,275,878
Alternative Uses
Best Use
Warehouse
$5.11M
$4.48M – $5.97M
NOI $358,007 @ 7.0% cap · market cap 9.22%
Second Best
Industrial
$4.21M
$3.69M – $4.91M
NOI $294,829 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$8.57M
$7.50M – $10.00M
NOI $599,952 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38134, TN
41,760
Population
15,685
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
86%
High-School Grad
18.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$61,172
Median Household Income
$39,185
Median Earnings
$1,147
Median Rent
$184,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Memphis, TN
Similar Off Market Nearby
- American Tire District — 730 huron ave, memphis, tn 38107
Frequently Asked Questions
What type of property is this?
Auto shop - Configured automotive facility with conditioned work areas, specialized equipment, and a secured vehicle storage lot.
Where is this auto shop located?
The property is located at 1845 THOMAS ST Memphis, TN.
What is the asking price?
The asking price for this property is $3,884,010.
What are key features of this property?
This property features: 29,000‑square‑foot automotive collision facility; Two Unicare downdraft paint booths included; Additional equipment includes alignment, balancing, and tire machines
