Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5982 Knight Arnold Rd Memphis, TN 38115
    Back to Search
    Property profile & analytics

    5982 Knight Arnold Rd, Memphis, TN 38115

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5982 Knight Arnold Rd

    Property type
    Warehouses
    Property subtype
    Land

    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
    -89.8639
    Latitude
    35.061

    Comparable in this City

    • Value Estimation by Request
      287,482 SF

      Business Pt Ctr

      Distribution properties
      0 Business Pt Ctr, Memphis, TN 38115
      View Details
    • Value Estimation
      $20,985,000
      592,766 SF

      5625 Challenge Dr

      MINI-WAREHOUSE, STORAGE
      5625 Challenge Dr, Memphis, TN 38115-5029
      View Details
    • Value Estimation by Request
      219,489 SF

      4001 Hickory Hl Rd

      MINI-WAREHOUSE, STORAGE
      4001 Hickory Hl Rd, Memphis, TN 38115-6103
      View Details
    • Value Estimation by Request
      4,506 SF

      3778 Contractors Pl

      WAREHOUSE, STORAGE
      3778 Contractors Pl, Memphis, TN 38115-0800
      View Details
    • Value Estimation by Request
      7,850 SF

      3791 Contractors Pl

      WAREHOUSE, STORAGE
      3791 Contractors Pl, Memphis, TN 38115-0800
      View Details
    • Value Estimation by Request
      5,220 SF

      3800 Contractors Pl

      WAREHOUSE, STORAGE
      3800 Contractors Pl, Memphis, TN 38115-0800
      View Details

    Similar Nearby for Sale

    • $4,500,000

      Memphis Industrial Building for Sale

      Industrial/Manufacturing property in Memphis, TN with strategic logistics.
      5445 E Raines Rd, Memphis, TN 38115
      View Details
    • Contact for pricing
      17,000 SF

      Memphis Commercial Property Investment Opportunity

      17,064 SF building on 2.14 acres with retail/industrial space.
      2645 Mount Moriah Rd, Memphis, TN 38115
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Riverdale Rd, Memphis, TN 38115
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Memphis, Tennessee.
      3611 Heather Ridge Dr, Memphis, TN 38115
      View Details
    • Contact for pricing

      4 Acres Land For Sale

      4 acres of land available for purchase.
      4055 S Mendenhall Rd, Memphis, TN 38115
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      3451 Ridgeway Rd, Memphis, TN 38115
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,000 SF

      Memphis Warehouse Space Available

      Warehouse space for rent, near Memphis International Airport.
      Memphis, TN 38115
      View Details
    • Contact for pricing
      17,075 SF

      Memphis Warehouse Space Available

      Warehouse space available near Memphis International Airport.
      Memphis, TN 38115
      View Details
    • Contact for pricing
      231,000 SF

      Memphis Warehouse with Divisible Space

      231,000 SF warehouse divisible to 148,500 SF or 82,500 SF.
      4100 Quest Way, Memphis, TN 38115
      View Details
    • Contact for pricing
      354,640 SF

      Clarke Road Industrial Space Available

      354,640 SF industrial space for rent in Memphis, TN.
      4131 Clarke Rd, Memphis, TN 38115
      View Details
    • Contact for pricing
      461,573 SF

      Memphis Warehouse Space Available

      Large warehouse space for rent in Memphis, Tennessee.
      5625 Challenge Dr, Memphis, TN 38115
      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.
    5982 Knight Arnold Rd
    Memphis, TN 38115
    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

    Thank You for Inquiry
    5982 Knight Arnold Rd, Memphis, TN, 38115
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!