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    Memphis Tn Memphis, TN 38118

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    Memphis Tn Memphis, TN 38118

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    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Memphis Tn

    Property type
    Land

    Description

    This exceptional 1.69-acre commercial land parcel presents a unique build-to-suit opportunity within the prestigious Airport Business Park in Memphis, Tennessee. Strategically located on Democrat Road, this property enjoys unparalleled visibility and accessibility, situated directly across the street from the FedEx World Hub. The site is part of a gated and secured area, ensuring a safe and controlled environment for your business. This single-tenant lot offers the flexibility to construct a building up to 20,000-25,000 square feet, catering to a variety of uses including industrial, office, flex space, or medical facilities. The property's location in Shelby County, with a Memphis, TN 38118 zip code, provides easy access to major transportation arteries, making it an ideal location for businesses seeking efficient logistics and a strong workforce. The build-to-suit nature of this opportunity allows for complete customization to meet your specific business needs and requirements, ensuring a perfect fit for your operations. This is a rare chance to establish a presence in a thriving business park with exceptional proximity to a global logistics giant. Don't miss this chance to secure your ideal location in Memphis.

    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
    -89.9347
    Latitude
    35.0278

    Comparable in this City

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      0.90 Acres

      American Way

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      3.12 Acres

      4825 American Way

      Land • 3.12 Acres
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      20.24 Acres

      Arnold Rd

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      4.86 Acres

      Claudette Rd

      Land • 4.86 Acres
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      0.90 Acres

      3760 Distriplex Dr

      Land • 1 SF
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      1.69 Acres

      Lamar Ave

      Land • 1.69 Acres
      0 Lamar Ave, Memphis, TN 38118
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      Land with Approved Site Plan

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      70 SF

      Undeveloped Wooded Land Available

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      Development Ready Industrial Land

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      Industrial Land Near Transportation Hubs

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      Land Available For Lease/Sale

      4.86 +/- acre land for lease or sale.
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    • $75,000
      6.70 Acres

      6.7 Acres Residential/Industrial Land

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    Similar Nearby for Lease

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      Land For Lease

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      Land Adjacent to BNSF

      Land available for rent, located next to BNSF.
      5261 East Shelby Dr, Memphis, TN 38118
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      Fenced Land for Lease

      0.90 acre fenced land available for lease.
      3760 Distriplex Dr N, Memphis, TN 38118
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    • $3,000 /Mo

      Fenced Land for Lease

      0.90 acre fenced land available for lease.
      3760 Distriplex Dr N, Memphis, TN 38118
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      Fenced and Graveled Land

      Commercial land for rent, convenient location.
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      Industrial Lot for Lease

      10.06 AC lot ideal for truck/trailer parking.
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    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
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