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    6672 Shelby Dr Memphis, TN 38141

    Sponsored
    For Lease
    $13 SF/Yr ($14,787 /Mo)

    Freestanding Retail Building, High Visibility

    Lot size:
    13,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 13,650-square-foot freestanding retail building presents a compelling investment opportunity. Situated on a generous 2.4-acre lot in Shelby County, this single-tenant property boasts excellent visibility and accessibility, making it ideal for a variety of retail or medical uses. Constructed in 2002, the building is well-maintained and features a single story design. Ample parking is available for customers and employees. The property's zoning is Conservation/Agriculture, offering potential flexibility for future development. The building's strong access points and prominent location ensure high traffic volume and excellent exposure. This property is identified by APN 093700 00572. The substantial lot size provides ample room for expansion or future development, while the existing building offers immediate occupancy. Its single-tenant configuration simplifies management and provides a stable income stream. This is a rare opportunity to acquire a well-located, high-visibility retail property in a desirable area. The property's condition and location combine to create a strong value proposition for discerning investors seeking a stable and potentially appreciating asset. Serious inquiries are encouraged.

    Property Features for 6672 Shelby Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,650 SF
    Total Rate
    14787.5

    Building Details

    Year Built
    2002
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    13,653 SF
    Rate per SF
    $13

    HighLights

    • 13,650 SF freestanding retail building on a 2.4‑acre lot.
    • Single‑tenant occupancy.
    • Built in 2002, one‑story building.
    • Located in Shelby County, with APN 093700 00572, zoned Conservation/Agriculture.
    • Excellent visibility, strong access, and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Draco R. Hayse, ... Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy Redbox Movie Rental Kiosk Western Union Money Transfer Service James Martin Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8406178
    Latitude
    35.0209055

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    FAQs

    What type of property is this?
    Individual retail property - Freestanding Retail Building, High Visibility
    Where is this individual retail property located?
    The property is located at 6672 Shelby Dr Memphis, TN.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 13,650 SF freestanding retail building on a 2.4-acre lot.; Single-tenant occupancy.; Built in 2002, one-story building.
    Request Owner's contact information
    6672 Shelby Dr Memphis, TN 38141
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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
    6672 Shelby Dr Memphis, TN 38141
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