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    3213 Mendenhall Rd Memphis, TN 38118

    Sponsored
    For Lease
    $15 SF/Yr ($8,762 /Mo)

    High-traffic location, 1,260 sq ft available

    Lot size:
    7,010 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 3213 S Mendenhall Rd in Memphis, Tennessee (zip code 38118), offers a prime opportunity for businesses seeking high visibility and accessibility. Situated at the busy intersection of S Mendenhall and Knight Arnold Roads, this property benefits from significant daily traffic. The building, which underwent renovations in 2023, comprises 7,010 square feet across four suites within a single building. Currently, one suite with 1,260 square feet is available for lease, representing a minimum divisible space. The property's "Airport" subtype designation suggests proximity to Memphis International Airport, making it particularly attractive to businesses catering to travelers or airport employees. The property's classification as both Retail and Special Purpose indicates its versatility and potential for a range of uses. The address is 3209-3215 S Mendenhall (at Knight Arnold). This location provides excellent exposure and is ideal for service-oriented businesses or retail establishments seeking a high-traffic area. The property's strategic location and recent renovations make it a compelling investment opportunity.

    Property Features for 3213 Mendenhall Rd

    General Information

    Property type
    Airport retail
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,010 SF
    Total Rate
    8762.5

    Building Details

    Year Renovated
    2023
    Buildings
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,260 SF
    Rate per SF
    $15

    HighLights

    • 7,010 SF retail building in Memphis, TN (38118), recently renovated in 2023.
    • High‑traffic location at the intersection of S Mendenhall and Knight Arnold Roads.
    • One 1,260 SF suite currently available for lease.
    • Professionally managed.
    Property Profile Location Intelligence

    Current Use by Public Records

    All Things Computer Computer Repair Service Foggy panda smoke ... Tobacco Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -89.886004774321
    Latitude
    35.060964140364

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    FAQs

    What type of property is this?
    Airport retail - High-traffic location, 1,260 sq ft available
    Where is this airport retail located?
    The property is located at 3213 Mendenhall Rd Memphis, TN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 7,010 SF retail building in Memphis, TN (38118), recently renovated in 2023.; High-traffic location at the intersection of S Mendenhall and Knight Arnold Roads.; One 1,260 SF suite currently available for lease.
    Request Owner's contact information
    3213 Mendenhall Rd Memphis, TN 38118
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    Memphis, TN 38118
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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
    3213 Mendenhall Rd Memphis, TN 38118
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