Industrial Property For
351 Wisconsin Ave Memphis, TN 38106
351 Wisconsin Ave, Memphis, TN, 38106
Contact for pricing
For Sale
Contact for pricing
Industrial property featuring 7,458 square feet of space for sale.
Property Size7,458 SF
Price / SF$133.41
Days on Market833
Property Features for 351 Wisconsin Ave
General Information
- Standard status
- Active
- Size
- 7,458 SF
- Property subtype
- Industrial, Land
Building Details
- Year Built
- 1956
Listing Agency
NAI Saig Company Memphis
(901) 526-3100
Listed by
Brian Califf · License #TN 299669
Source
Crexi
Added: Apr 9, 2024 Checked: Jul 20 at 4:11 am
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 industrial property, offered for sale, features a total area of 7,458 square feet. The property is located at 351 Wisconsin Ave, Memphis, TN 38106.
Key Highlights
- Central Location
- Spacious Layout
- Updated Kitchen
Local Financial Insights For Industrial
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 | $119.0k | $15.96 |
| − Vacancy | −$10.7k | −$1.44 |
| EGI | $108.3k | $14.52 |
| − OpEx | −$32.5k | −$4.36 |
| NOI | $75.8k | $10.17 |
7,458 SF · lease $15.96/SF/yr · vacancy 9.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.08M
$947.8K – $1.26M
NOI $75,822 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,291 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
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FAQs
What type of property is this?
Industrial property - Industrial property featuring 7,458 square feet of space for sale.
Where is this industrial property located?
The property is located at 351 Wisconsin Ave Memphis, TN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Central Location; Spacious Layout; Updated Kitchen
