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    4740 Shelby Dr Memphis, TN 38118

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    For Lease
    Contact for pricing

    Three suites available, 8,000 - 43,645 SF. Prime Memphis location.

    Lot size:
    115,950 SF

    Property Features for 4740 Shelby Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    115,950 SF

    Spaces For Lease

    at 4740 Shelby Dr, Memphis, TN 38118 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 industrial property, Southpark Distribution Center Building A-F, offers three immediately available suites totaling 115,950 square feet in the thriving Southeast Memphis submarket. The property is strategically located at 4740 E Shelby Dr, Memphis, TN 38118. Three distinct spaces cater to diverse needs: Suite 100 boasts 10,400 square feet of fully conditioned space, featuring two dock-high doors and one 10x12 door with a convenient concrete ramp. Suite 103 provides 8,000 square feet, including one dock-high door and one door with a concrete ramp. These two suites offer the flexibility of combination, creating a total of 18,400 square feet of contiguous space. For larger operations, Suite 101-107 presents a substantial 43,645 square feet, equipped with five dock-high doors, one 10x12 door with a concrete ramp, and a generous 1,800 square feet of office space. This expansive suite also benefits from heavy power capabilities. All suites feature an 18-foot clear height, providing ample vertical space for efficient operations. This prime Memphis location offers unparalleled access to major transportation arteries, making it an ideal distribution hub. Contact us today to schedule a viewing and secure your ideal space within this exceptional distribution center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Buckeye Cleaning Centers Big Box & Wholesale Store Apria Healthcare Home Health Care Service

    Suggested Use

    Real Estate Agency Restaurant Hotel & Motel Pharmacy Department Store Kitchen & Bath Showroom Grocery & Convenience Store Discount Store Building Supply Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9035796
    Latitude
    35.0215408

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    FAQs

    What type of property is this?
    Distribution property - Three suites available, 8,000 - 43,645 SF. Prime Memphis location.
    Where is this distribution property located?
    The property is located at 4740 Shelby Dr Memphis, TN.
    What are key features of this property?
    This property features: Three suites available for lease in Southpark Distribution Center, Southeast submarket.; 10,400 SF Suite 100: Fully air-conditioned, two dock-high doors, one drive-in door.; 8,000 SF Suite 103: One dock-high door, one drive-in door.
    (901) 683-0808 Call to check price and availability
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    4740 Shelby Dr Memphis, TN 38118
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    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
    4740 Shelby Dr Memphis, TN 38118
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    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
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