Flex Space with Roll-Up
For Sale
$850,000
4561 Elvis Presley Boulevard, Memphis, TN 38116
Includes retail, storage, and warehouse areas with private restrooms.
Property Size5,998 SF
Lot Size0.69 Acres
Price / SF$141.95
Days on Market239
Property Features for 4561 Elvis Presley Boulevard
General Information
Standard status
Active
Size
5,998 SF
Lot size
0.69 Acres
Property subtype
Street Retail
Warehouse & Industrial
Clear Height
13.7 ft
Warehouse Space
2,646 SF
Drive-In Doors
6
Additional Details
Road Access
Yes
Building Details
Building Size
5,998 SF
Listing Agency:
NAI | Saig Company
Listed By:
Brian Califf · License ##299669
(901) 526-3100
Source:
Thebrokerlist
Added: Feb 18
Changed: Sep 10
Last Checked: Oct 14 at 7:37PM
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
Investment Insights
Based on property information with market context.
This flex space offers 5,988 SF of combined retail and industrial functionality on 0.69 AC. The layout includes an open area of approximately 1,720 SF, three private restrooms, a storage room measuring approximately 1,632 SF, and warehouse space of approximately 2,646 SF. The storage area has 15 feet 11 inches of ceiling height, while the warehouse reaches 13 feet 8 inches.
Six 12-foot ground-level roll-up doors support warehouse access and handling. The property is located at 4561 Elvis Presley Boulevard in Memphis, Tennessee, with access to major thoroughfares.
Six 12-foot ground-level roll-up doors support warehouse access and handling. The property is located at 4561 Elvis Presley Boulevard in Memphis, Tennessee, with access to major thoroughfares.
Key Highlights
- 5,988 SF flex property on 0.69 AC
- Approximately 2,646 SF of warehouse space
- Six 12‑foot ground‑level roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,167
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,403,340
$1.4M
Cap Rate 7%
$1,002,386
$1.0M
Cap Rate 9%
$779,633
$779.6K
Market Conditions
NOI Build-Up for 5,988 SF
Gross rent
$107.8K $18.00/SF
− Vacancy
−$7.5K −$1.26/SF
EGI
$100.2K $16.74/SF
− OpEx
−$30.1K −$5.02/SF
NOI
$70.2K $11.72/SF
Area
ZIP 38116
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,403,340
Cap Rate 7%
$1,002,386
Cap Rate 9%
$779,633
Alternative Uses
Best Use
Retail
$1.00M
$877.1K – $1.17M
NOI $70,167 @ 7.0% cap · market cap 8.25%
Second Best
Flex RnD
$607.2K
$531.3K – $708.4K
NOI $42,503 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.47M
$1.29M – $1.71M
NOI $102,829 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
13 ft
Clear height
6
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38116, TN
39,107
Population
18,526
Households
2.1
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
19.6 sq mi
ZIP Area
1,995
Density / Sq Mi
$44,663
Median Household Income
$31,593
Median Earnings
$1,035
Median Rent
$125,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Flex space - Includes retail, storage, and warehouse areas with private restrooms.
Where is this flex space located?
The property is located at 4561 Elvis Presley Boulevard Memphis, TN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,988 SF flex property on 0.69 AC; Approximately 2,646 SF of warehouse space; Six 12‑foot ground‑level roll‑up doors
