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    691-699 Dr Martin Luther King Jr Ave Memphis, TN 38126

    For Lease
    Contact for pricing

    11,288 SF Flex Space; Prime Memphis Location

    Lot size:
    11,288 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 11,288-square-foot flex space at 691-699 Dr. Martin Luther King Jr. Avenue in Memphis, Tennessee, presents a unique leasing opportunity. Located in Shelby County, this single-tenant industrial property boasts modern and versatile office spaces designed for optimal functionality. The building offers ample parking, ensuring convenient access for employees and clients. High-speed internet connectivity and customizable floor plans provide flexibility to tailor the space to specific business needs. Tenants will enjoy a range of state-of-the-art amenities, including well-equipped conference facilities, a fitness center, and 24/7 security for peace of mind. The property's prime location in Memphis offers excellent visibility and accessibility, enhancing the overall appeal and convenience for both employees and clients. This exceptional property provides a professional and dynamic work environment designed to foster productivity and business growth, making it an ideal location for businesses seeking a modern and efficient workspace in a thriving Memphis location. The entire 11,288 square feet is currently vacant and ready for immediate occupancy.

    Property Features for 691-699 Dr Martin Luther King Jr Ave

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,288 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    11,288 SF

    HighLights

    • 11,288 SF flex industrial building in Memphis, TN.
    • Ample parking.
    • High‑speed internet and customizable floor plans.
    • State‑of‑the‑art amenities including conference facilities, fitness center, and 24/7 security.
    • Prime location with excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0384803
    Latitude
    35.1358484

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    FAQs

    What type of property is this?
    Flex space - 11,288 SF Flex Space; Prime Memphis Location
    Where is this flex space located?
    The property is located at 691-699 Dr Martin Luther King Jr Ave Memphis, TN.
    What are key features of this property?
    This property features: 11,288 SF flex industrial building in Memphis, TN.; Ample parking.; High-speed internet and customizable floor plans.
    Request Owner's contact information
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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
    691-699 Dr Martin Luther King Jr Ave Memphis, TN 38126
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