Listing Agency: CBRE | Memphis p***@cbre.com Show Phone

Listed By: Patrick Walton · License #309706 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:56AM

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Investment Insights

Based on property information with market context.

This property offers 110,480 square feet of warehouse space and is located on Air Park Street in Memphis, Tennessee. The property is suitable for warehouse and industrial use.

Key Highlights

• 110,480 sq ft warehouse space available
• For rent
• Located in Memphis

Property Analytics

Property Profile

Current Use

Synergy ReCommerce Marketing & Advertising Synergy Global Ventures Warehouse & Storage Nobody Lower Marketing & Advertising

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center Garden Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

684

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 38118, TN

39,627

Population

16,317

Households

2.4

Avg Household Size

32

Median Age

12%

College-Educated

79%

High-School Grad

30.5 sq mi

ZIP Area

1,299

Density / Sq Mi

$42,464

Median Household Income

$30,431

Median Earnings

$1,105

Median Rent

$95,700

Median Home Value

Market

Lease Benchmarks for Memphis, TN

$9.78 /SF/Yr

Avg Asking Price

$7.5–$12 /SF/Yr

Price Range

71,113 SF

Avg Space Size

Vacancy Rate% for Industrial in Memphis, TN

5.5% 2019

6.3% 2020

4.8% 2021

4.5% 2022

7.4% 2023

8.8% 2024

8.5% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 110,480 sq ft warehouse space for rent in Memphis.

Where is this warehouse located?

The property is located at 3850 Air Park Street Memphis, TN.

What are key features of this property?

This property features: 110,480 sq ft warehouse space available; For rent; Located in Memphis