Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    450 Hwy 72 Collierville, TN 38107

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully built-out flex space in prime Collierville location.

    Type:Industrial
    Added:
    Mar 5, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 25 at 9:21 pm

    Property Features for 450 Hwy 72

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Properties For Sale

    at 450 Hwy 72 Contact us

    We can help!

    Listing Contact
    Wriley Gillen
    Wriley Gillen

    Listing agent Wriley Gillen License #368080

    Listing office Jones Aur Commercial Real Estate | Memphis

    Listing date Mar 5, 2026

    Source Jonesaur

    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 Jones Aur Commercial Real Estate | Memphis

    Overview

    Collierville Flex Space For Sale

    This fully built-out flex space is available for immediate occupancy in a prime Collierville location. The property features clear heights ranging from 13 to 18 feet, making it suitable for fitness centers, studios, showrooms, or other open space uses. Climate control throughout the space ensures year-round comfort. Locker room amenities include two restrooms and two showers. Ample parking is available for employees, customers, and peak traffic times. A grade-level roll-up door provides convenient access for loading, deliveries, or equipment. The property is located in a high-demand area with easy access to major roadways.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Simply Done Catering and Events — 111 Walnut St, Collierville, TN 38017

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.6782
    Latitude
    35.0406

    Nearby Similar for Sale

    • $350,000

      Historic Shelby County Commercial Space

      Versatile commercial space in Shelby County, ready for its next chapter.
      12017 MACON, Unincorporated, TN 38017
      View Details
    • Contact for pricing
      10,731 SF

      Collierville Retail Building Near Interstate

      10,731 SF retail building near Carriage Crossing shopping center.
      10210 Collierville Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Medical Office Space in Collierville

      Medical office space in premier shopping center at Houston Levee.
      4674 Merchants Park Circle, Collierville, TN 38017
      View Details
    • Contact for pricing
      150,000 SF

      Collierville Premier Shopping Center Space

      150,000 SF space in a thriving Collierville shopping center.
      4660 Merchants Park Cir, Collierville, TN 38017
      View Details
    • Contact for pricing
      18,000 SF

      Retail Power Center Near Memphis

      18,000+ SF retail center near Germantown and Collierville.
      3615 South Houston Levee, Collierville, TN 38017
      View Details
    • Contact for pricing
      46,436 SF

      Retail Building on Poplar Avenue

      46,436 SF retail building in Collierville for sale.
      1329-1337 W Poplar Avenue, Collierville, TN 38017
      View Details
    • Contact for pricing
      35,574 SF

      Premier Collierville Shopping Center Space

      Prime retail and restaurant spaces available in Collierville, Tennessee.
      4674 Merchants Park Circle, Collierville, TN 38017
      View Details
    • $375,500
      2,200 SF

      Residential Income Property For Sale

      Residential income property featuring 2200 square feet of space.
      1025 QUAIL CHASE LN, Collierville, TN 38017
      View Details
    • Contact for pricing

      Mixed-Use Development in Collierville, TN

      11.5-acre mixed-use development with retail, multifamily, and hotel potential.
      4400 South Houston Levee Road, Collierville, TN 38017
      View Details
    • $1,500,000
      6,000 SF

      Collierville Office Condominium For Sale

      Office condominium for sale near Town Hall and Chamber of Commerce.
      468 Halle Park Dr, Collierville, TN
      View Details
    • Contact for pricing
      12,000 SF

      Prime Commercial Property in Collierville

      Modern, flexible commercial space in a thriving Collierville community.
      166 Neely St, Collierville, TN
      View Details
    • $595,000
      2,372 SF

      Restaurant Space Near Highway 72

      Restaurant space with full bar and highway visibility.
      144 US-72, Collierville, TN 38017
      View Details

    FAQs

    What type of property is this?
    Flex space - Fully built-out flex space in prime Collierville location.
    Where is this flex space located?
    The property is located at 450 Hwy 72 Collierville, TN.
    What are key features of this property?
    This property features: Fully built‑out flex space ready for immediate occupancy; Prime Collierville location in a high‑demand area with easy access to major roadways; 13’ to 18’ clear height; ideal for fitness, studio, showroom, or other open space uses
    (901) 545-5607
    We can help!
    Listing Contact
    Wriley Gillen
    Wriley Gillen
    Real Estate License ID: 368080
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!