Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7713 Us Highway 51 Millington, TN 38053

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Millington, TN: Prime Retail Opportunity

    Lot size:
    33,000 SF

    Property Features for 7713 Us Highway 51

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,000 SF
    Total Rate
    34980

    Spaces For Lease

    at 7713 Us Highway 51, Millington, TN 38053 Contact us
    Unit Available Space

    $12 /Mo

    Size
    3,500 SF
    Contact us

    We can help!

    Listing Contact
    Brian Califf, Ccim

    Listing Agent: Brian Califf, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Millington, TN retail property, located at 7713 Highway 51 S, offers 33,000 total square feet on a 1.18-acre lot. Currently, 3,500 square feet is available for lease in this single-tenant building. Situated in Tipton County, zip code 38053, the property boasts a highly visible location on Highway 51 S, ensuring excellent exposure for your business. The building is well-maintained and features ample parking, providing convenient access for customers and employees. Its adaptable layout allows for customization to suit a variety of business needs, making it an ideal space for a range of commercial enterprises. The modern design and strategic location combine to create a compelling opportunity for growth and success. This property presents a rare chance to establish a thriving business in a dynamic and accessible area. High visibility and easy access from Highway 51 S contribute to its significant appeal. Don't miss this chance to secure a prime retail space in a thriving Tennessee community. The property's size and location make it an attractive option for businesses seeking a strong presence in Millington.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Millington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.9155947
    Latitude
    35.3371251

    Nearby Similar for Lease

    • Contact for pricing
      2,000 SF

      Retail Space in Millington Center

      Retail space available in a 143,489 SF shopping center.
      8219 Us Highway 51 N, Millington, TN 38053
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Near Naval Base

      Retail space available in Millington near major employers.
      8540 Us Highway 51 N, Millington, TN 38053
      View Details
    • $399,000
      3,500 SF

      Retail Space in Millington Heart

      Prime retail space in a well-connected Millington location.
      7713 Us Highway 51 N, Millington, TN 38053
      View Details
    • Contact for pricing

      Retail Center on Highway 51

      Retail spaces available in Millington near major retailers.
      8390-8412 Us Highway 51 N, Millington, TN 38053
      View Details
    • Contact for pricing

      Restaurant Building For Sublease

      Freestanding restaurant building with drive-thru on 1.23 acres.
      8521 S 51, Millington, TN 38053
      View Details
    • Contact for pricing
      142,242 SF

      Millington Warehouse Sublease Opportunity

      142,242 SF available for sublease near Highway 51.
      3820 Micro Dr, Millington, TN 38053
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Millington, TN

      Retail space available for lease in Millington, Tennessee.
      4701 Navy Rd, Millington, TN 38053
      View Details
    • Contact for pricing
      1,556 SF

      Retail Space in Millington

      Retail property available for lease in Millington, Tennessee.
      8510 Wilkinsville Rd, Millington, TN 38053
      View Details
    • Contact for pricing
      4,160 SF

      Retail Space in Millington, TN

      Retail space available for lease in Millington, Tennessee.
      8017-8059 Us Highway 51 N, Millington, TN 38053
      View Details
    • Contact for pricing
      30,000 SF

      Astoria Square: Millington Retail Space

      Prime Millington Retail Opportunity: 30,000 SF New Development
      0 Navy Rd, Millington, TN 38053
      View Details
    • Contact for pricing
      27,300 SF

      Millington Retail Center Opportunity

      Highway 51 Retail Space Available
      8390 Tn-3, Millington, TN 38053
      View Details
    • Contact for pricing
      2,000 SF

      Millington Plaza: Flex Space Available

      Prime Millington Flex/Warehouse Space
      8223 Us Highway 51, Millington, TN 38053
      View Details

    FAQs

    What type of property is this?
    Retail property - Millington, TN: Prime Retail Opportunity
    Where is this retail property located?
    The property is located at 7713 Us Highway 51 Millington, TN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    (901) 526-3100 Call to check price and availability
    Request Owner's contact information
    7713 Us Highway 51 Millington, TN 38053
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7713 Us Highway 51
    Millington, TN 38053
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7713 Us Highway 51 Millington, TN 38053
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Califf, Ccim
    Real Estate License ID: #299669
    (901) 526-3100 (901) 830-0421
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!