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    8223 Us-51 Millington, TN 38053

    Sponsored
    For Lease
    Contact for pricing

    Prime Millington Flex/Warehouse Space

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Millington Plaza, located at 8223 US-51, Millington, TN 38053, offers a versatile 2,000 square foot flex/warehouse space currently available for lease. This property is situated on a one-acre lot and features a convenient 5:1000 parking ratio, ensuring ample parking for tenants and their clients. The building is classified as retail and industrial, making it suitable for a variety of businesses. The space is part of a multi-tenant building, offering a collaborative environment. The property's flexible design caters to businesses needing both warehouse and office space, providing a seamless blend of functionality and efficiency. The total building size is 2,000 square feet, with the entire space currently vacant and ready for immediate occupancy. Its location in Millington, Tennessee provides easy access to major transportation routes, enhancing logistical efficiency for businesses. This is an exceptional opportunity for businesses seeking a well-located, versatile space to establish or expand their operations. The property's combination of warehouse and retail space makes it ideal for a range of uses, from light manufacturing and distribution to retail showrooms and office spaces. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 8223 Us-51

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF

    Unit(s) available at that property

    Space
    Suite 8237
    Size
    2,000 SF

    HighLights

    • 6,700 SF retail/flex space available (Suite 8223)
    • Over 587,000 shopping center visits (2022)
    • Strong anchor tenants including Aaron's, Planet Fitness, Tractor Supply, and Gimme a $5
    • Ample on‑site parking
    • 33,472 AADT on Hwy 51
    • Millington population: 10,720; average household income: $52,324
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Millington
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.90107467
    Latitude
    35.35139096

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Millington Flex/Warehouse Space
    Where is this neighborhood center located?
    The property is located at 8223 Us-51 Millington, TN.
    What are key features of this property?
    This property features: 6,700 SF retail/flex space available (Suite 8223); Over 587,000 shopping center visits (2022); Strong anchor tenants including Aaron's, Planet Fitness, Tractor Supply, and Gimme a $5
    Request Owner's contact information
    8223 Us-51 Millington, TN 38053
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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
    8223 Us-51 Millington, TN 38053
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