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    Airport Business Park Memphis, TN 38118

    For Lease
    $16 SF/Yr

    Flexible Spaces, Prime Location, High Visibility

    Lot size:
    235,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Memphis, Tennessee property, located in the Airport Business Park (zip code 38118), offers a diverse range of commercial spaces ideal for various business needs. The 235,000 square foot building features a blend of retail, office, and industrial space, categorized as creative office, flex, storefront, and warehouse/distribution. Multiple tenancies are available, with a minimum divisible space of 12,119 square feet and a maximum contiguous space of 13,480 square feet. Currently, 25,599 square feet is vacant and ready for immediate occupancy. Five individual spaces ranging from 3,499 to 13,480 square feet are currently available. The property sits on a 1.7-acre lot in Shelby County, providing ample space and excellent visibility. Its strategic location near the airport ensures convenient access for employees and clients alike. This versatile property presents a unique opportunity for businesses seeking a high-profile location with flexible space options to accommodate diverse operational needs. The property's diverse space options make it suitable for a wide range of businesses, from creative agencies to light industrial operations. The combination of prime location, ample space, and flexible configurations makes this a compelling investment opportunity in a thriving Memphis market.

    Property Features for 0 Airport Business Park

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    235,000 SF
    Total Rate
    323125

    Unit(s) available at that property

    Space
    Building B - Suite 2986
    Size
    3,740 SF
    Rate per SF
    $16
    Space
    Building B - Suite 2891
    Size
    3,499 SF
    Rate per SF
    $16
    Space
    Building B - Suite 2988
    Size
    3,740 SF
    Space
    Building B- Suite 2990
    Size
    6,241 SF
    Rate per SF
    $16
    Space
    Building I
    Size
    3,665 SF
    Rate per SF
    $16

    HighLights

    • Office/flex/showroom/industrial space totaling 235,000 square feet available in Memphis Airport Business Park (zip code 38118).
    • 1.7‑acre lot offers potential for additional parking.
    • Gated, secure business park with controlled access and new LED lighting.
    • Well‑maintained property located on Democrat Road, across from Memphis International Airport, near FedEx and UPS hubs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9642745
    Latitude
    35.0709034

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    FAQs

    What type of property is this?
    Individual retail property - Flexible Spaces, Prime Location, High Visibility
    Where is this individual retail property located?
    The property is located at Airport Business Park Memphis, TN.
    What is the lease rate?
    The lease rate is $0.00-$16 SF/Yr.
    What are key features of this property?
    This property features: Office/flex/showroom/industrial space totaling 235,000 square feet available in Memphis Airport Business Park (zip code 38118).; 1.7-acre lot offers potential for additional parking.; Gated, secure business park with controlled access and new LED lighting.
    Request Owner's contact information
    Airport Business Park Memphis, TN 38118
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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
    Airport Business Park Memphis, TN 38118
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