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    Nwc Appling Rd & Reese Rd Memphis, TN 38133

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    For Sale
    Contact for pricing

    2.89 Acres, Office Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.89-acre commercial land parcel presents a unique investment opportunity in Memphis, Tennessee. Located at the northwest corner of Appling Road and Reese Road, this property boasts a highly desirable location at a signalized intersection, ensuring excellent visibility and accessibility. The site is zoned for office use, making it ideal for a variety of commercial developments. The land is priced competitively at $8 per square foot for the entire parcel, representing a significant value proposition for developers. For buyers interested in purchasing a smaller portion of the land, the owner is willing to consider splitting the parcel, with a price of $10 per square foot for smaller lots. This strategic location benefits from substantial traffic volume, with Appling Road recording an average annual daily traffic count of 28,587 vehicles and Reese Road showing 13,085 vehicles. The property's address is NWC Appling Rd & Reese Rd, Memphis, TN 38133, situated in Shelby County. This prime location and favorable zoning regulations make this land a compelling investment opportunity for those seeking high-traffic exposure and development potential in a thriving Memphis market. The property's size and location offer significant potential for a variety of commercial ventures.

    Property Features for 0 Nwc Appling Rd & Reese Rd

    General Information

    Property type
    Land
    Lot Size
    125,888 SF

    HighLights

    • 2.89‑acre parcel available for sale.
    • $8/SF for the entire parcel; $10/SF for smaller parcels.
    • High‑traffic location at a signalized intersection.
    • Office zoning.
    • High traffic counts: 28,587 AADT on Appling Road and 13,085 AADT on Reese Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8149299
    Latitude
    35.1942043

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    FAQs

    What type of property is this?
    Land - 2.89 Acres, Office Zoning, High Traffic
    Where is this land located?
    The property is located at Nwc Appling Rd & Reese Rd Memphis, TN.
    What are key features of this property?
    This property features: 2.89-acre parcel available for sale.; $8/SF for the entire parcel; $10/SF for smaller parcels.; High-traffic location at a signalized intersection.
    (901) 334-5708
    Request Owner's contact information
    Nwc Appling Rd & Reese Rd Memphis, TN 38133
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    Realmo Value Estimation

    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.

    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.

    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
    Nwc Appling Rd & Reese Rd Memphis, TN 38133
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