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    4610 Raleigh Lagrange Rd Memphis, TN 38128

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    For Sale
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    29 Acres, High Traffic, Owner Will Divide

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 29.21-acre property presents a unique investment opportunity in Memphis, Tennessee. Strategically located at the southeast corner of Raleigh Lagrange Road and Hoover Drive, this land offers significant commercial and residential potential. The property is comprised of three distinct parcels, allowing for flexible development options. Parcel 1 encompasses 2.8 acres, ideally suited for commercial development, given its prime corner location and high visibility. The remaining acreage is divided into two residential parcels: Parcel 2, measuring 10.52 acres, and Parcel 3, spanning 15.89 acres. The seller is willing to divide the property, providing buyers with the flexibility to acquire the parcel size that best suits their needs. Raleigh Lagrange Road boasts a significant average annual daily traffic count of 26,315 vehicles, ensuring high exposure for any commercial venture. This property's location in Shelby County, with a Memphis address and 38128 zip code, offers easy access to major transportation routes and amenities. The coordinates are 35.200821 latitude and -89.911376 longitude. This is a rare opportunity to acquire a large tract of land with diverse development possibilities in a rapidly growing area. Don't miss this chance to capitalize on the potential of this prime Memphis location.

    Property Features for 4610 Raleigh Lagrange Rd

    General Information

    Property type
    Land
    Lot Size
    1,272,388 SF

    HighLights

    • High‑visibility corner lot, 2.8 acres, ideal for commercial development.
    • Two residential land parcels totaling 26.41 acres (10.52 acres and 15.89 acres).
    • Seller will consider subdividing the parcels.
    • High traffic count: 26,315 AADT on Raleigh Lagrange Rd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -89.911376
    Latitude
    35.200821

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    FAQs

    What type of property is this?
    Land - 29 Acres, High Traffic, Owner Will Divide
    Where is this land located?
    The property is located at 4610 Raleigh Lagrange Rd Memphis, TN.
    What are key features of this property?
    This property features: High-visibility corner lot, 2.8 acres, ideal for commercial development.; Two residential land parcels totaling 26.41 acres (10.52 acres and 15.89 acres).; Seller will consider subdividing the parcels.
    Request Owner's contact information
    4610 Raleigh Lagrange Rd Memphis, TN 38128
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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
    4610 Raleigh Lagrange Rd Memphis, TN 38128
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