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    2865 Hammond Rd Memphis, TN 38128

    Sponsored
    For Sale
    $300,000

    7,134 SF Warehouse, $300K

    Property size:
    7,134 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 7,134-square-foot industrial property in Memphis, Tennessee, is priced at $300,000 ($42.05/sq ft). Located at 2865 Hammond Rd, in the CMU-3 zone, it features a single building with 16-foot ceilings. The space includes 6,000 square feet of warehouse space and 1,134 square feet of two-story office space. Loading is facilitated by one dock-high door and a platform dock, complemented by a ramp and two roll-up doors. The 0.37-acre lot also boasts a fenced outside storage area and a concrete yard. Its strategic location offers easy access to I-240 (one mile) and I-40 (ten-minute drive), making it ideal for various commercial and industrial uses. The property's combination of ample space, convenient loading options, and excellent location presents a compelling opportunity for businesses seeking efficient and accessible warehouse facilities in Northeast Memphis. The property is zoned CMU-3. All square footages are net rentable.

    Property Features for 2865 Hammond Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    7,134 SF

    Building Details

    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Heritage Properties Mortgage Broker

    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
    -89.9180854
    Latitude
    35.2035225

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    FAQs

    What type of property is this?
    Distribution property - 7,134 SF Warehouse, $300K
    Where is this distribution property located?
    The property is located at 2865 Hammond Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $300,000.
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    2865 Hammond Rd Memphis, TN 38128
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    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
    2865 Hammond Rd Memphis, TN 38128
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