Commercial Property in EDGE
433 Madison Ave Memphis, TN 38103
433 Madison Ave, Memphis, TN, 38103
Contact for pricing
For Sale
Contact for pricing
Versatile commercial property in Memphis's vibrant EDGE district.
Property Size4,210 SF
Price / SF$142.52
Days on Market1136
Property Features for 433 Madison Ave
General Information
- Standard status
- Active
- Size
- 4,210 SF
- Property subtype
- Hospitality, Mixed Use, Office, Retail
Building Details
- Year Built
- 1903
Listing Agency
Universal Commercial Real Estate LLC
(901) 249-9744
Listed by
Darrell Cobbins · License #278933
Source
Crexi
Added: Jun 9, 2023 Checked: Jul 17 at 11:37 am
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 Universal Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
Located in the EDGE district of downtown Memphis, 433 Madison Ave. is a commercial property offering a prime location with visibility and access to major highways. The property provides over 4,000 square feet of space suitable for customization. Large windows provide natural light, creating an inviting atmosphere. The open floor plan allows for flexibility in designing a workspace. The EDGE district is a hub of activity, attracting a mix of businesses and visitors. The property is in close proximity to restaurants, shops, and entertainment venues. Neighboring businesses and amenities within one block include The Ravine, Memphis Made Brewery, Tomorrow Building, University Lofts, The RISE Apartments, and The Bakery Garage.
Key Highlights
- Prime location in the vibrant EDGE district of downtown Memphis.
- Over 4,000 square feet of versatile space customizable for various business needs.
- Excellent visibility and easy access to major highways.
Local Financial Insights For Mixed Use
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 | $90.9k | $21.60 |
| − Vacancy | −$9.1k | −$2.16 |
| EGI | $81.8k | $19.44 |
| − OpEx | −$30.7k | −$7.29 |
| NOI | $51.2k | $12.15 |
4,210 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$920.2K
$805.2K – $1.07M
NOI $64,413 @ 7.0% cap · market cap 10.74%
Second Best
Mixed Use
$730.7K
$639.4K – $852.5K
NOI $51,152 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,096 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Versatile commercial property in Memphis's vibrant EDGE district.
Where is this mixed-use property located?
The property is located at 433 Madison Ave Memphis, TN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime location in the vibrant EDGE district of downtown Memphis.; Over 4,000 square feet of versatile space customizable for various business needs.; Excellent visibility and easy access to major highways.
