Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1887 Latham St Memphis, TN 38106

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    75,257 SF Single-Tenant Warehouse

    Lot size:
    75,257 SF

    Property Features for 1887 Latham St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    75,257 SF

    Spaces For Lease

    at 1887 Latham St, Memphis, TN 38106 Contact us

    We can help!

    Listing Contact
    Bentley Pembroke
    Bentley Pembroke

    Listing Agency: Avison Young Memphis Listing Agent: Bentley Pembroke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 75,257-square-foot industrial distribution center is strategically located at 1887 Latham St, Memphis, Tennessee, in Shelby County, zip code 38106. The property boasts a single-tenant occupancy, making it an ideal investment for those seeking a stable, long-term lease. Its classification as a distribution center highlights its suitability for logistics and warehousing operations. The building's substantial size offers ample space for inventory storage, order fulfillment, and related activities. The property's location within Memphis provides easy access to major transportation arteries, facilitating efficient distribution throughout the region. This presents a significant advantage for businesses requiring seamless logistics and convenient access to a robust transportation network. The single-tenant structure minimizes management complexities and offers predictable income streams. This turnkey solution is perfect for investors seeking a low-maintenance, high-return industrial property. Detailed specifications and lease terms are available upon request. This prime Memphis location offers a compelling opportunity for businesses seeking to establish or expand their distribution operations in a thriving market. The property's size and strategic location combine to create a highly desirable asset in the competitive Memphis industrial real estate market. Serious inquiries are encouraged to explore this exceptional investment opportunity further.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Global Parts Warehouse & Storage

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.053143580013
    Latitude
    35.095370914233

    Nearby Similar for Lease

    • $5 SF/Yr
      94,500 SF

      Memphis Industrial Space for Lease

      Versatile industrial space in Memphis, suitable for various businesses.
      5445 E Raines Rd, Memphis, TN 38115
      View Details
    • Contact for pricing
      179,360 SF

      Memphis Warehouse and Distribution Opportunity

      Spacious warehouse with prime location for logistics and distribution.
      4605 Hickory Hill Rd, Memphis, TN 38141
      View Details
    • Contact for pricing
      22,892 SF

      Memphis Office Leasing Opportunity

      Premier office space for rent in Memphis, Tennessee.
      3665 S Perkins Rd, Memphis, TN 38118
      View Details
    • Contact for pricing
      9,843 SF

      Unique Entertainment Venue for Lease

      Former Railgarten venue with dining, music, and recreational spaces.
      2166 Central Ave, Memphis, TN 38104
      View Details
    • Contact for pricing
      2,071 SF

      Office Space in Corporate Center

      Office space for rent in a multi-tenant corporate center.
      1910 Nonconnah Blvd/2600 Sofamor Danek Dr, Memphis, TN
      View Details
    • Contact for pricing
      30,000 SF

      Industrial Space in Southridge Park

      30,000 SF industrial space for lease in Memphis.
      4800 Southridge Blvd, Memphis, TN 38141
      View Details
    • Contact for pricing
      500,000 SF

      Memphis Industrial Space Available

      500,000 SF industrial space near Memphis Airport.
      5015 Citation Dr, Memphis, TN 38118
      View Details
    • Contact for pricing

      Retail Space in Midtown Memphis

      Retail space in new mixed-use development, Midtown Memphis.
      220 S Claybrook St, Memphis, TN 38104
      View Details
    • Contact for pricing
      145,073 SF

      Memphis Retail Center Investment Opportunity

      High-traffic shopping center with available space
      6990 Shelby Dr, Memphis, TN 38125
      View Details
    • Contact for pricing
      33,688 SF

      Century Center Warehouse Space

      Large Warehouse Space Available in Shelby County
      1670 Century Center Pkwy, Memphis, TN 38134
      View Details
    • Contact for pricing
      1,564 SF

      East Memphis Retail Space Available

      7,235 SF retail building in prime East Memphis location.
      700 Mount Moriah Rd, Memphis, TN 38117
      View Details
    • $20 SF/Yr
      28,458 SF

      Memphis Retail/Medical Space Available

      Retail/Medical space in a thriving Memphis location.
      3705 Malco Way, Memphis, TN 38125
      View Details

    FAQs

    What type of property is this?
    Distribution property - 75,257 SF Single-Tenant Warehouse
    Where is this distribution property located?
    The property is located at 1887 Latham St Memphis, TN.
    What are key features of this property?
    This property features: 75,257 SF industrial distribution center with 1,500 SF of office space.; 18-foot clear height.; 10 dock-high doors and 1 drive-in ramp.
    (901) 683-0808 Call to check price and availability
    Request Owner's contact information
    1887 Latham St Memphis, TN 38106
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1887 Latham St
    Memphis, TN 38106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1887 Latham St Memphis, TN 38106
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bentley Pembroke
    Bentley Pembroke
    Real Estate License ID: 299361
    (901) 683-0808
    Learn more
    Google sign-in failed. Please try again or use another login method.