Property profile

1332 Dellwood Ave Memphis, TN 38127

OFF-MARKET
Other warehouses
Property ID
US80-0800758
59,866 SF 5.21 ac lot Built 1949
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

Industrial building in the southwest submarket comprising approximately 60,000 square feet on a 5.21-acre lot. The property includes a Class C light industrial structure built in 1949, with approximately 55,000 square feet of warehouse space and 5,000 square feet of office area. Warehouse ceilings are approximately 14 feet high with 20-foot by 40-foot column spacing. Improvements include 7 dock doors and one 12-foot by 14-foot drive-in door. The site is light industrial zoned and has 3-phase electrical service rated at 2,000 amps (480/240v), LED lighting, a wet sprinkler system rated at .15/3,000 SF, and multiple high-velocity warehouse fans.

Property profile

Verified
Property type Other warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1949
Total area 59,866 SF
Lot 5.21 ac (226,948 SF)
Zoning code EMP
APN 024-020- - -00003-C
UPID US80-0800758

Cap rate & NOI

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

Location

1332 Dellwood Ave Memphis, TN 38127
Memphis metro Census 10122 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$881k
Blend (final) Blend
$415k

Owner & transaction history

since 2018
1 recorded transaction
2018
$585,000

Zoning & alternative use

EMP · Memphis, TN
Zoning description

1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…

General category INDUSTRIAL

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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