Flex Space with Roll-Up
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 Market96
Property Features for 4561 US Hwy 51 N
General Information
Standard status
Active
Size
5,998 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Frayser Cdc
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:
Paul Banks · License ##344897
(901) 240-5400
Source:
Moodyscre
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 28 at 9:53AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$42,574
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,480
$851.5K
Cap Rate 7%
$608,200
$608.2K
Cap Rate 9%
$473,044
$473.0K
Market Conditions
NOI Build-Up for 5,998 SF
Gross rent
$72.0K $12.00/SF
− Vacancy
−$6.5K −$1.08/SF
EGI
$65.5K $10.92/SF
− OpEx
−$22.9K −$3.82/SF
NOI
$42.6K $7.10/SF
Area
ZIP 38116
Vacancy
9.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,480
Cap Rate 7%
$608,200
Cap Rate 9%
$473,044
Alternative Uses
Best Use
Flex RnD
$608.2K
$532.2K – $709.6K
NOI $42,574 @ 7.0% cap · market cap 5.01%
Second Best
Warehouse
$596.5K
$521.9K – $695.9K
NOI $41,755 @ 7.0% cap · market cap 4.91%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Memphis, TN
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
