2551 Mt Moriah Rd Memphis, TN 38115
High-traffic location suitable for retail, automotive, or restaurant use.
Property Features for 2551 Mt Moriah Rd
General Information
- Standard status
- Active
- Size
- 6,103 SF
- Property subtype
- Retail
Listing office MMIC Inc (901) 761-1002
Listing date May 16, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of MMIC Inc
Investment Insights
Based on property information with market context.
Key Highlights
- High traffic location, ideal for business exposure.
- Next to Ford Dealership, benefiting from established customer flow.
- Former restaurant/automotive sales location, suited for similar ventures.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.5k | $15.00 |
| − Vacancy | −$4.6k | −$0.75 |
| EGI | $87.0k | $14.25 |
| − OpEx | −$26.1k | −$4.27 |
| NOI | $60.9k | $9.98 |
