Flex Space with Roll-Up
New
For Sale
Contact for pricing
4561 US Hwy 51 N, Memphis, TN 38116
Flexible commercial layout combines open area, private restrooms, storage, and warehouse space.
Property Size5,998 SF
Price / SF$141.71
Days on Market5
Property Features for 4561 US Hwy 51 N
General Information
Standard status
Active
Size
5,998 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
13.7 ft
Warehouse Space
2,646 SF
Drive-In Doors
6
Amenities
3 private restrooms
6 12-foot ground-level roll-up doors
Listing Agency:
NAI Saig Company - Memphis
(901) 526-3100
Listed By:
Brian Califf · License ##299669
(901) 526-3100
Source:
Moodyscre
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 9:13AM
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
Investment Insights
Based on property information with market context.
This 5,998-square-foot flex space at 4561 US Hwy 51 N in Memphis, Tennessee, combines an approximately 1,720-square-foot open area with three private restrooms, an approximately 1,632-square-foot storage room, and approximately 2,646 square feet of warehouse space.
The warehouse includes six 12-foot ground-level roll-up doors and has a 13-foot 8-inch ceiling height. The storage room provides 15-foot 11-inch ceiling height, supporting a range of commercial storage and operational needs within the existing configuration.
The warehouse includes six 12-foot ground-level roll-up doors and has a 13-foot 8-inch ceiling height. The storage room provides 15-foot 11-inch ceiling height, supporting a range of commercial storage and operational needs within the existing configuration.
Key Highlights
- 5,998‑square‑foot flex space at 4561 US Hwy 51 N, Memphis, TN 38116
- Approximately 1,720 SF open area
- Approximately 1,632 SF storage room with 15ft 11in ceiling height
Financial Insights For Retail
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 | $108.0k | $18.00 |
| − Vacancy | −$7.6k | −$1.26 |
| EGI | $100.4k | $16.74 |
| − OpEx | −$30.1k | −$5.02 |
| NOI | $70.3k | $11.72 |
5,998 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.00M
$878.6K – $1.17M
NOI $70,285 @ 7.0% cap · market cap 8.27%
Second Best
Flex RnD
$608.2K
$532.2K – $709.6K
NOI $42,574 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,001 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13 ft
Clear height
6
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Well-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
Market
Properties on Market for Flex space in Shelby County
Vacancy Rate% for Industrial in Memphis, TN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial layout combines open area, private restrooms, storage, and warehouse space.
Where is this flex space located?
The property is located at 4561 US Hwy 51 N 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: 5,998‑square‑foot flex space at 4561 US Hwy 51 N, Memphis, TN 38116; Approximately 1,720 SF open area; Approximately 1,632 SF storage room with 15ft 11in ceiling height
