Technical
Financial
Distress signals
Property profile

W Parkway Memphis, TN 38109

OFF-MARKET
Land
0.58 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.583-acre commercial land parcel is situated at the highly visible corner of Estill Street and South Parkway West in Memphis, Tennessee. This prime location boasts a significant daily traffic count, making it ideal for a variety of commercial ventures. The property is zoned for commercial use, offering flexibility for development. Its strategic location near downtown Memphis, the airport, and major highways ensures easy accessibility for both local and interstate customers. Surrounded by residential areas, schools, and parks, the site benefits from a diverse and substantial potential customer base. The vacant lot is ready for immediate development, with existing utilities readily available on-site. This presents a unique opportunity to establish a business in a high-demand area with minimal competition. The asking price is $175,000. The property's APN is 035003 00001C. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving Memphis neighborhood. The property's location at a busy intersection offers unparalleled visibility and access, making it an attractive investment for entrepreneurs seeking a strategic location for their business. The absence of direct competition in the immediate vicinity further enhances the potential for success.

Property profile

Verified
Property type Land
Lot 0.58 ac (25,395 SF)

Cap rate & NOI

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

Location

W Parkway Memphis, TN 38109
Memphis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own W Parkway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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