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    3711-3721 Lamar Ave Memphis, TN 38118

    Sponsored
    For Lease
    $11 SF/Yr ($15,886 /Mo)

    Versatile suites, 750-7200 sq ft

    Lot size:
    15,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Memphis commercial property, located at 3711-3721 Lamar Avenue, offers a unique blend of retail and office space, ideal for a variety of businesses. The 15,900 square foot building is situated in Shelby County and features four individual suites, providing flexibility for tenants seeking various sizes. Spaces range from a minimum of 750 square feet to a maximum contiguous area of 7,200 square feet, catering to businesses of all scales. The property's versatile design allows for adaptable use, making it suitable for both traditional office setups and retail operations, or a combination of both. Multiple tenancy options are available, providing opportunities for collaborative environments or independent businesses. The property's location in Memphis, Tennessee, offers excellent accessibility and visibility, ensuring high traffic and exposure for your business. This is a rare opportunity to secure a well-located, adaptable space in a thriving Memphis market. Contact us today to learn more about leasing options and explore the possibilities this property offers.

    Property Features for 3711-3721 Lamar Ave

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,900 SF
    Total Rate
    15886.75

    Unit(s) available at that property

    Space
    3719 Lamar Avenue
    Size
    1,200 SF
    Rate per SF
    $11

    HighLights

    • 15,900 SF multi‑tenant building in Memphis, TN.
    • Four suites available, ranging from 750 SF to 7,200 SF contiguous.
    • Suitable for retail, office, or flex use.
    • Excellent location in Shelby County offering high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9402358
    Latitude
    35.0633154

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    FAQs

    What type of property is this?
    Specialty property - Versatile suites, 750-7200 sq ft
    Where is this specialty property located?
    The property is located at 3711-3721 Lamar Ave Memphis, TN.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 15,900 SF multi-tenant building in Memphis, TN.; Four suites available, ranging from 750 SF to 7,200 SF contiguous.; Suitable for retail, office, or flex use.
    Request Owner's contact information
    3711-3721 Lamar Ave 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
    3711-3721 Lamar Ave Memphis, TN 38118
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