Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Nwc Appling Rd & Reese Rd Memphis, TN 38133

    • Land
    • 2.89 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Nwc Appling Rd & Reese Rd

    Lot size
    2.89 lot acres
    Property type
    Land

    Description

    This exceptional 2.89-acre commercial land parcel presents a unique investment opportunity in Memphis, Tennessee. Located at the northwest corner of Appling Road and Reese Road, this property boasts a highly desirable location at a signalized intersection, ensuring excellent visibility and accessibility. The site is zoned for office use, making it ideal for a variety of commercial developments. The land is priced competitively at $8 per square foot for the entire parcel, representing a significant value proposition for developers. For buyers interested in purchasing a smaller portion of the land, the owner is willing to consider splitting the parcel, with a price of $10 per square foot for smaller lots. This strategic location benefits from substantial traffic volume, with Appling Road recording an average annual daily traffic count of 28,587 vehicles and Reese Road showing 13,085 vehicles. The property's address is NWC Appling Rd & Reese Rd, Memphis, TN 38133, situated in Shelby County. This prime location and favorable zoning regulations make this land a compelling investment opportunity for those seeking high-traffic exposure and development potential in a thriving Memphis market. The property's size and location offer significant potential for a variety of commercial ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8149
    Latitude
    35.1942

    Comparable in this City

    • Value Estimation by Request
      7.20 Acres

      2412 Kate Bond Rd

      Land • 7.20 Acres
      2412 Kate Bond Rd, Memphis, TN 38133
      View Details
    • Value Estimation by Request
      2.91 Acres

      7990 Stage Hills Blvd

      Land • 2.91 Acres
      7990 Stage Hills Blvd, Memphis, TN 38133
      View Details
    • Value Estimation by Request
      1.00 Acre

      7073-7093 Stage Rd

      Land • 15,145 SF
      7073-7093 Stage Rd, Memphis, TN 38133
      View Details
    • Value Estimation by Request
      0.91 Acres

      7543 Us-70

      Land • 0.91 Acres
      7543 Us-70, Memphis, TN 38133
      View Details
    • Value Estimation by Request
      8.54 Acres

      3100 Germantown Pkwy

      Land • 8.54 Acres
      3100 Germantown Pkwy, Bartlett, TN 38133
      View Details
    • Value Estimation by Request

      2225 Appling Rd

      Land
      2225 Appling Rd, Memphis, TN 38133
      View Details

    Similar Nearby for Sale

    • $899,900
      7.20 Acres

      Memphis Commercial Land - $899,900

      7.2-acre development opportunity in Memphis, TN
      2412 Kate Bond Rd, Memphis, TN 38133
      View Details
    • Contact for pricing
      2.91 Acres

      Memphis Industrial Land - 2.91 Acres

      Prime Bartlett location, I-40 & US-64 access.
      7990 Stage Hills Blvd, Memphis, TN 38133
      View Details
    • $295,995
      13.00 Acres

      13 Acres Land Package Deal

      13 acres of land in Bartlett, TN, package deal.
      Germantown Road Ext, Bartlett, TN 38133
      View Details
    • Contact for pricing

      Prime Memphis Commercial Land

      Two lots, I-40 access, EMP zoning
      2225 Appling Rd, Memphis, TN 38133
      View Details
    • $295,995
      13.00 Acres

      Bartlett Land Package Deal

      13 acres of land in Bartlett, Tennessee for sale.
      3466 N Germantown Rd, Bartlett, TN 38133
      View Details
    • Contact for pricing
      2.89 Acres

      Prime Memphis Office Land

      2.89 Acres, Office Zoning, High Traffic
      0 Nwc Appling Rd & Reese Rd, Memphis, TN 38133
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      53,400 SF

      Prime Memphis Medical Office Space

      Class A, 53,400 SF, Multiple Suites Available
      7845 Us Highway 64, Memphis, TN 38133
      View Details
    • Contact for pricing

      Highway 64 Outparcel For Rent

      0.68 AC outparcel on high-traffic Highway 64.
      7185 S 64, Memphis, TN 38133
      View Details
    • $14 SF/Yr
      1,624 SF

      Bartlett Office Space For Rent

      Office space featuring a reception area, offices, and break room.
      7975 Stage Hills Blvd, Bartlett, TN 38133
      View Details
    • Contact for pricing
      7,600 SF

      Freestanding Warehouse with Fenced Storage

      7,600 SF warehouse with office and fenced outdoor storage.
      6756 Buckles Cv, Memphis, TN 38133
      View Details
    • Contact for pricing
      2,518 SF

      Bartlett Flex Space Available

      Flex space with office and dock door near amenities.
      3150 Stage Post Dr, Bartlett, TN 38133
      View Details
    • Contact for pricing
      6,338 SF

      Retail Space in Memphis Corridor

      Retail space with high visibility in a major retail corridor.
      2828-2886 Wolfcreek Pkwy, Memphis, TN 38133
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Nwc Appling Rd & Reese Rd
    Memphis, TN 38133
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!