0 Market Farms Dr Memphis, TN 38016
This exceptional 2.49-acre land parcel presents a remarkable investment opportunity in the desirable Wolfchase area of Memphis, Tennessee. Located on Market Farms Drive in Shelby County, zip code 38016, this property boasts a prime location with convenient access to Germantown Parkway via a signaled intersection. The site is pad-ready, eliminating significant pre-development hurdles and accelerating the timeline for construction. Its zoning designation is Planned Development, offering flexibility for a variety of commercial and residential uses. The property's substantial size provides ample space for a diverse range of development projects, catering to various needs and scales. Given its strategic location in a thriving area with strong demographics and high visibility, this land parcel is poised for significant appreciation and offers exceptional potential for long-term returns. The coordinates are 35.18688598 latitude and -89.79892416 longitude. This is a rare opportunity to acquire a well-situated, ready-to-develop parcel in a high-demand market. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.