Industrial Property For
For Sale
Contact for pricing
351 Wisconsin Ave, Memphis, TN 38106
Industrial property featuring 7,458 square feet of space for sale.
Property Size7,458 SF
Price / SF$133.41
Days on Market923
Property Features for 351 Wisconsin Ave
General Information
Standard status
Active
Size
7,458 SF
Property subtype
Industrial, Land
Building Details
Year Built
1956
Stories
1
Listing Agency:
NAI Saig Company Memphis
Listed By:
Brian Califf · License #TN 299669
(901) 526-3100
Source:
Crexi
Added: Apr 9, 2024
Changed: Oct 14
Last Checked: Oct 16 at 8:09AM
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 NAI Saig Company Memphis
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Investment Insights
Based on property information with market context.
This industrial property, offered for sale, features a total area of 7,458 square feet. The property is located at 351 Wisconsin Ave, Memphis, TN 38106.
Key Highlights
- Central Location
- Spacious Layout
- Updated Kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,822
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,516,440
$1.5M
Cap Rate 7%
$1,083,171
$1.1M
Cap Rate 9%
$842,467
$842.5K
Market Conditions
NOI Build-Up for 7,458 SF
Gross rent
$119.0K $15.96/SF
− Vacancy
−$10.7K −$1.44/SF
EGI
$108.3K $14.52/SF
− OpEx
−$32.5K −$4.36/SF
NOI
$75.8K $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%
$1,516,440
Cap Rate 7%
$1,083,171
Cap Rate 9%
$842,467
Alternative Uses
Best Use
Industrial
$1.08M
$947.8K – $1.26M
NOI $75,822 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,291 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 38106, TN
22,394
Population
11,630
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
83%
High-School Grad
10.4 sq mi
ZIP Area
2,153
Density / Sq Mi
$29,818
Median Household Income
$30,101
Median Earnings
$915
Median Rent
$66,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Memphis, TN
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property featuring 7,458 square feet of space for sale.
Where is this industrial property located?
The property is located at 351 Wisconsin Ave Memphis, TN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Central Location; Spacious Layout; Updated Kitchen
