5070 Raines Rd Memphis, TN 38118
- Warehouses
- 40,565 SF
- 3.04 lot acres
Current Use by Public Records
- Fedex Station One / Shipping Company
Property Details for 5070 Raines Rd
- Year built
- 1985
- Lot size
- 3.04 lot acres
- Property size
- 40,565 SF
- Zone code
- IH
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 074-101- - -00006
- APU
- 7410100006
Description
This exceptional 36,000-square-foot single-tenant industrial flex building is available for lease in Memphis, Tennessee. Situated within the desirable Willow Lake Business Center at 5070 E Raines Rd, zip code 38118, this property offers a prime location in Shelby County. The building features 3,500 square feet of Class A office space, perfect for administrative needs. High ceilings, measuring 18 feet clear, provide ample vertical space for various uses. Nine 10' x 12' grade-level doors ensure efficient loading and unloading. Ample parking is provided with 75 spaces available. The property benefits from a secure, gated, and well-lit environment, offering peace of mind and additional outdoor storage space. Willow Lake Business Center itself provides a park-like setting, complete with a lake, picnic area, and walking trails, creating a pleasant and productive work environment. This property is ideal for businesses seeking a functional and attractive space in a convenient location. The building's features and the business center's amenities combine to offer a compelling opportunity for a variety of industrial and flex-space users. Contact us today to schedule a viewing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,040,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,395,000
- 6.5%
- $2,790,000
- 7%
- $2,620,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,615,000
- Geo Method
- $2,805,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,145,000
- Retail
- $2,180,000
- Mixed-Use
- $2,410,000
- Hospitality
- $2,490,000
- Educational
- $2,770,000
- Residential Income
- $2,130,000
- Energy
- $2,145,000
- Income-Based Land
- $2,320,000
- Food Service
- $2,440,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.893
- Latitude
- 35.036
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
