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    3394 Winchester Rd Memphis, TN 38118

    Sponsored
    For Sale
    $2,150,000

    40,690 SF Warehouse, Excellent Location

    Property size:
    40,690 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 40,690-square-foot industrial property, located at 3394 Winchester Rd in Memphis, Tennessee, presents a compelling investment opportunity. The building, a masonry structure with excellent road visibility, boasts a prime location near FedEx and Memphis International Airport, offering easy access to major highways I-55, I-240, and Lamar Avenue (Highway 78). The property sits on a 1.72-acre corner lot and features a mix of warehouse, showroom, and office space. The warehouse area offers 19-foot clear ceilings, four loading docks (two under canopy), and one 20-foot drive-in door. A partially finished mezzanine level adds approximately 5,065 square feet of potential office space. Substantial renovations in 2004 included new restrooms and numerous updates, and further improvements have been made in recent years. These include new Dura-Last roofing (2020 and 2022), HVAC system replacements (2022 and 2023), updated LED lighting (2022/2023), and a security system upgrade (2023). The property is fully sprinklered, with a wet system for the main building and a dry system for the canopy (updated 2023). The building is currently 100% occupied until November 2027, with a current monthly rent of $15,244 (net to owner after taxes and insurance). The owner is responsible for roof, parking lot, and HVAC maintenance

    Property Features for 3394 Winchester Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    40,690 SF
    Lot Size
    74,923 SF

    Building Details

    Year Built/Renovated
    1971/2004

    HighLights

    • 40,690 SF industrial building on a 1.72‑acre corner lot in Memphis, TN.
    • Excellent location near FedEx, Memphis International Airport, and major highways (I‑55, I‑240, Hwy 78).
    • Features warehouse, showroom, and office space; 19' clear height warehouse with four loading docks and one drive‑in door.
    • Partially finished 5,065 SF mezzanine; Recently renovated with new roof, HVAC, LED lighting, and security system.
    • 100% occupied until November 2027, generating $15,244 net monthly rent.
    Property Profile Location Intelligence

    Current Use by Public Records

    BradyIFS, Proudly Part ... Janitorial Equipment Supplier Brady Cleaning Products Supplier BradyIFS - Formerly Topmost ... Janitorial Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9503465
    Latitude
    35.0528268

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    FAQs

    What type of property is this?
    Distribution property - 40,690 SF Warehouse, Excellent Location
    Where is this distribution property located?
    The property is located at 3394 Winchester Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: 40,690 SF industrial building on a 1.72-acre corner lot in Memphis, TN.; Excellent location near FedEx, Memphis International Airport, and major highways (I-55, I-240, Hwy 78).; Features warehouse, showroom, and office space; 19' clear height warehouse with four loading docks and one drive-in door.
    Request Owner's contact information
    3394 Winchester Rd Memphis, TN 38118
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    Memphis, TN 38118
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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
    3394 Winchester Rd Memphis, TN 38118
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