Bartlett Commercial Property For
For Sale
Contact for pricing
Pending
7500 Appling Center Dr, Memphis, TN 38133
Well-located commercial property in Bartlett's thriving business corridor.
Property Size6,000 SF
Days on Market102
Property Features for 7500 Appling Center Dr
General Information
Standard status
Pending
Size
6,000 SF
Property subtype
Industrial, Office
Investment Type
Owner/User
Listing Agency:
Crye-Leike Commercial Memphis
(901) 758-5670
Listed By:
Jaime Henson · License #MS S-55010
Source:
Crexi
Added: May 21
Changed: Aug 28
Last Checked: Aug 14 at 6:08AM
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 Crye-Leike Commercial Memphis
Investment Insights
Based on property information with market context.
The property at 7500 Appling Center Dr. is a commercial property located in Bartlett. It offers convenient access to I-40 and Highway 64, providing connectivity to the Memphis market. The property features a camera security system, electric wrought iron gate, key fob access system, photocell monument signage, and outdoor lighting. It also includes an irrigation system, a laydown/storage yard, oversized roll-up doors, and functional access for equipment, inventory, or fleet operations. The property provides office accommodations with dedicated thermostats for each office and a central vacuum system. The property is suitable for owner-users, investors, or companies seeking expansion space. It has ample parking and functional space configurations. The property size is 6000 square feet.
Key Highlights
- Convenient access to I‑40 and Highway 64 for outstanding connectivity.
- Enhanced security with camera system, electric gate, and key fob access.
- Functional access with oversized roll‑up doors and laydown/storage yard.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,999
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,219,980
$1.2M
Cap Rate 7%
$871,414
$871.4K
Cap Rate 9%
$677,767
$677.8K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$95.8K $15.96/SF
− Vacancy
−$8.6K −$1.44/SF
EGI
$87.1K $14.52/SF
− OpEx
−$26.1K −$4.36/SF
NOI
$61.0K $10.17/SF
Area
Memphis, TN
Vacancy
9.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,219,980
Cap Rate 7%
$871,414
Cap Rate 9%
$677,767
Alternative Uses
Best Use
Industrial
$871.4K
$762.5K – $1.02M
NOI $60,999 @ 7.0% cap · market cap 7.18%
Second Best
Flex RnD
$847.1K
$741.2K – $988.3K
NOI $59,296 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,128 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38133, TN
22,482
Population
8,336
Households
2.7
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
1,729
Density / Sq Mi
$82,485
Median Household Income
$46,522
Median Earnings
$1,449
Median Rent
$234,800
Median Home Value
Market
Vacancy Rate% for Industrial in Memphis, TN
Questions? Ask Rey
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Similar Off Market Nearby
- Sanders Catering — 7195 US-64, Memphis, TN 38133
- Firehouse Subs Appling — 7505 US-64 Suite 109, Memphis, TN 38133
Frequently Asked Questions
What type of property is this?
Flex space - Well-located commercial property in Bartlett's thriving business corridor.
Where is this flex space located?
The property is located at 7500 Appling Center Dr 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: Convenient access to I‑40 and Highway 64 for outstanding connectivity.; Enhanced security with camera system, electric gate, and key fob access.; Functional access with oversized roll‑up doors and laydown/storage yard.
