3188 Chelsea Ave, Memphis, TN 38108
Retail space available for purchase.
- Added:
- Mar 5, 2026
- Days on Market:
- 114
- Last Refresh:
- Mar 16 at 2:38 pm
Property Features for 3188 Chelsea Ave
General Information
- Standard status
- Active
- Size
- 1,267 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1954
Listing office Braden, Braden & Braden CRE (901) 881-2070
Listing date Mar 5, 2026
Source Crexi
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 Braden, Braden & Braden CRE
HighLights
- Year Built: 1954
Overview
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 | $19.0k | $15.00 |
| − Vacancy | −$950 | −$0.75 |
| EGI | $18.1k | $14.25 |
| − OpEx | −$5.4k | −$4.27 |
| NOI | $12.6k | $9.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9541491
- Latitude
- 35.1736636
