Flex Space with Fenced
3166 BROAD AVE Memphis, TN 38112
3166 BROAD AVE, Memphis, TN, 38112
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For Sale
Contact for pricing
Flex property includes a two-story office area and multiple dry storage buildings with gated, fenced yard and grade-level plus dock-high loading.
Property Size6,912 SF
Lot Size1.31 Acres
Price / SF$115.02
Days on Market90
Property Features for 3166 BROAD AVE
General Information
- Standard status
- Active
- Size
- 6,912 SF
- Lot size
- 1.31 Acres
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1969
Listing agency
Crye-Leike Commercial Memphis
Listed by
Eric Fuhrman · License #TN 291774
Source
Crexi
Added: Apr 24 Updated: Jul 21 at 1:26PM Checked: Jul 21 at 1:26PM
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
Investment Insights
Based on property information with market context.
This flex space for sale features a versatile two-story office/flex building and substantial on-site storage improvements. The compound includes a 40’ x 80’ dry storage facility plus two additional covered storage structures, providing space for equipment and materials. Loading is designed for practical operations, with both grade-level and dock-high access.
The property is situated on a fenced, fully gated site with security monitoring. It is positioned inside the I-240 loop at 3166 Broad Avenue in Memphis, TN.
With office and multiple storage components on a single secured yard, the layout is suited to uses that need dedicated workspace alongside dependable covered and dry storage.
The property is situated on a fenced, fully gated site with security monitoring. It is positioned inside the I-240 loop at 3166 Broad Avenue in Memphis, TN.
With office and multiple storage components on a single secured yard, the layout is suited to uses that need dedicated workspace alongside dependable covered and dry storage.
Key Highlights
- 1.31‑acre light industrial compound at 3166 Broad Avenue with gated, fenced, security‑monitored yard
- Two‑story office/flex building totaling 6,912 SF (Year built: 1969)
- 40’ x 80’ dry storage facility plus two additional covered storage structures
Local Financial Insights For Industrial
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 | $110.3k | $15.96 |
| − Vacancy | −$9.9k | −$1.44 |
| EGI | $100.4k | $14.52 |
| − OpEx | −$30.1k | −$4.36 |
| NOI | $70.3k | $10.17 |
6,912 SF · lease $15.96/SF/yr · vacancy 9.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,754 @ 7.0% cap · market cap 13.30%
Second Best
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,329 @ 7.0% cap · market cap 10.73%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,995 @ 7.0% cap · market cap 17.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Delta United Specialties ...
Painting Service
Robert J Babb ...
Painting Service
Similar For Sale Nearby
Similar Off Market Nearby
- Fascinating Catering — 3519 Summer Ave, Memphis, TN 38122
- Mississippi Queen Catering — 280 Tillman St, Memphis, TN 38112
- Drunken Daisies — 3079 Crystal Ave, Memphis, TN 38112
FAQs
What type of property is this?
Flex space - Flex property includes a two-story office area and multiple dry storage buildings with gated, fenced yard and grade-level plus dock-high loading.
Where is this flex space located?
The property is located at 3166 BROAD AVE Memphis, TN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1.31‑acre light industrial compound at 3166 Broad Avenue with gated, fenced, security‑monitored yard; Two‑story office/flex building totaling 6,912 SF (Year built: 1969); 40’ x 80’ dry storage facility plus two additional covered storage structures
