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    5101 Sanderlin Ave Memphis, TN 38137

    For Lease
    Contact for pricing

    Memphis Retail Strip Center, High-Visibility Location

    Lot size:
    47,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    The Sanderlin Centre, a Class A retail strip center located at 5101 Sanderlin Ave, Memphis, TN 38137, offers exceptional leasing opportunities. Built in 1989, this single-story property boasts a total of 47,290 square feet and comprises 21 suites. Currently, there is 3,777 square feet of vacant space available, divisible into units ranging from a minimum of 1,270 square feet to a maximum contiguous space of 2,507 square feet. The center enjoys a prime location on Sanderlin Avenue, between White Station and Mendenhall Road, ensuring high visibility and accessibility for businesses. This well-maintained property presents a fantastic opportunity for retailers seeking a prominent presence in a thriving Memphis market. The property's strategic location and ample space make it ideal for a variety of retail uses. Interested parties should inquire about available space and lease terms. The property is classified as a Class A building, reflecting its high quality and desirable features. The address is easily accessible from major thoroughfares, providing convenient access for customers and employees.

    Property Features for 5101 Sanderlin Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    47,290 SF
    Class
    A

    Building Details

    Year Built
    1989
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 125 (Former Yoga)
    Size
    2,831 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    St. Paul Bookstore ... Book Store dLogic Software Company Just Polly Boutique Women'S Clothing Store Lantana Lip Lab Cosmetics Store Steelers Club of Memphis Club

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -89.89191417529
    Latitude
    35.115868036124

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    FAQs

    What type of property is this?
    Neighborhood center - Memphis Retail Strip Center, High-Visibility Location
    Where is this neighborhood center located?
    The property is located at 5101 Sanderlin Ave Memphis, TN.
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    5101 Sanderlin Ave Memphis, TN 38137
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    Memphis, TN 38137
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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
    5101 Sanderlin Ave Memphis, TN 38137
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