Property profile

5125 Spice Cv Memphis, TN 38134

OFF-MARKET
Warehouses
131,000 SF Built 1987
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Property summary

AI-generated overview

Perimeter Point Business Center offers a diverse range of commercial spaces in Northeast Memphis, totaling 131,000 square feet across six buildings. This established business park, built in 1987 and located in Shelby County (zip code 38134), provides flexible options for businesses of various sizes. Available space ranges from a minimum of 3,360 square feet to a maximum contiguous space of 24,650 square feet, with a current vacancy of 28,010 square feet. The property encompasses a variety of space types, including executive office suites, flexible workspaces, and warehouse facilities. Many units feature grade-level access and roll-up doors, ideal for efficient loading and unloading. Its strategic location near the intersection of I-240 and I-40, easily accessible from Covington Pike, makes it an excellent choice for companies seeking convenient access to major transportation routes and a strong regional presence. The property is suitable for a variety of businesses needing office space, showroom space, or warehouse space, or a combination thereof. Multiple tenancy options are available. This is a rare opportunity to secure prime commercial real estate in a thriving Memphis location. The property addresses are 5125 & 5175 Elmore Road, 5115 Covington Way, 2170 & 2175 Business Center Drive, and 2165 Spice Cove.

Property profile

Verified
Property type Warehouses
Year built 1987
Total area 131,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5125 Spice Cv Memphis, TN 38134
Memphis metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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