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    1351 Holmes Rd Memphis, TN 38109

    Sponsored
    For Sale
    $499,000

    25 Acres, Commercial, Industrial, Residential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 25.2-acre property boasts a prime location in Memphis, Tennessee, offering unparalleled versatility for diverse development opportunities. Strategically situated along the highly trafficked four-lane US Highway 61, this land presents over 2,100 feet of road frontage, ensuring maximum visibility and accessibility. The property comprises three distinct tracts; two adjacent parcels separated by West Holmes Road, and a third, larger parcel approximately 1,580 feet southwest along US Highway 61. The northernmost 7.44-acre tract, situated north of West Holmes Road, presents potential for residential development, while the remaining acreage offers significant potential for a variety of uses, including self-storage facilities, light industrial projects, billboard advertising, or retail establishments. Adding to its appeal, a portion of this expansive land enjoys waterfront access to Robco Lake. The property's proximity to major transportation arteries and key destinations further enhances its value. Downtown Memphis is conveniently located approximately 10 miles to the north, while the Tunica County, Mississippi casinos are just 15 miles to the southwest. This unique offering presents a rare chance to acquire a substantial land parcel with exceptional visibility and diverse development potential in a thriving market. The address is 1351 W Holmes Rd, Memphis, TN 38109, in Shelby County. The asking price is $499,000.

    Property Features for 1351 Holmes Rd

    General Information

    Property type
    Land
    Lot Size
    1,097,712 SF

    HighLights

    • $499,000 asking price.
    • 25.2‑acre land parcel.
    • Commercial, industrial, and residential zoning potential.
    • High‑traffic US Hwy 61 frontage (2,100+ feet).
    • Proximity to Downtown Memphis and Tunica casinos.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Clothing Store 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
    -90.111032
    Latitude
    35.0044479

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    FAQs

    What type of property is this?
    Land - 25 Acres, Commercial, Industrial, Residential
    Where is this land located?
    The property is located at 1351 Holmes Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: $499,000 asking price.; 25.2-acre land parcel.; Commercial, industrial, and residential zoning potential.
    Request Owner's contact information
    1351 Holmes Rd Memphis, TN 38109
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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
    1351 Holmes Rd Memphis, TN 38109
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