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    Property profile & analytics

    1451 Corporate Ave Memphis, TN 38132-1723

    • Warehouses
    • 19,703 SF
    • 6.07 lot acres
    OFF-MARKET
    Value Estimation
    $3,630,000
    Last Sale
    Aug 29, 2023
    $3,750,000
    Location Intelligence
    Property ID
    US80-1842573
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • United Rentals / Forklift Rental Service / Industrial Equipment Supplier
    • United Rentals LLC. / Equipment Rental Agency

    Property Details for 1451 Corporate Ave

    Year built
    1973
    Lot size
    6.07 lot acres
    Property size
    19,703 SF
    Zone code
    EMP
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    060-222- - -00378
    APU
    6022200378

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,610,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,120,000
      6.5%
      $3,570,000
      7%
      $3,710,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,780,000
      Geo Method
      $3,715,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,000,000
      Retail
      $3,675,000
      Mixed-Use
      $3,360,000
      Hospitality
      $3,925,000
      Educational
      $3,045,000
      Residential Income
      $3,255,000
      Energy
      $3,575,000
      Income-Based Land
      $3,565,000
      Food Service
      $4,160,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0146
    Latitude
    35.071
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $13,726
    $82,640
    $142,680
    $225,320
    -
    $206,600
    $356,700
    $563,300

    Comparable in this City

    • Value Estimation
      $200,000
      4,530 SF

      1995 Nonconnah Blvd

      MINI-WAREHOUSE, STORAGE • 4,530 SF
      1995 Nonconnah Blvd, Memphis, TN 38132-2108
      View Details
    • Value Estimation by Request
      16,380 SF

      1411 Corporate Ave

      MINI-WAREHOUSE, STORAGE • 16,380 SF
      1411 Corporate Ave, Memphis, TN 38132-1723
      View Details
    • Value Estimation
      $705,000
      29,081 SF

      1385 Corporate Ave

      MINI-WAREHOUSE, STORAGE • 29,081 SF
      1385 Corporate Ave, Memphis, TN 38132-1723
      View Details
    • Value Estimation
      $455,000
      47,480 SF

      1901 Nonconnah Blvd

      MINI-WAREHOUSE, STORAGE • 47,480 SF
      1901 Nonconnah Blvd, Memphis, TN 38132-2106
      View Details
    • Value Estimation
      $680,000
      31,020 SF

      2900 Airways Blvd

      MINI-WAREHOUSE, STORAGE • 31,020 SF
      2900 Airways Blvd, Memphis, TN 38132-1105
      View Details
    • Value Estimation by Request
      58,278 SF

      1531 Corporate Ave

      MINI-WAREHOUSE, STORAGE • 58,278 SF
      1531 Corporate Ave, Memphis, TN 38132
      View Details

    Similar Nearby for Sale

    • $5,500,000
      241,225 SF

      Memphis Office Portfolio: Value-Add Opportunity

      Two Class A office buildings, 241,225 SF
      1810 Pyramid Pl, Memphis, TN 38132
      View Details
    • Contact for pricing
      241,225 SF

      Class A Office Portfolio

      Two-building office portfolio in Memphis' Nonconnah Business Park.
      1810-1840 Pyramid Pl, Memphis, TN 38132
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      33,835 SF

      Warehouse Space in Corporate Center

      33,835 SF flex space with easy highway access.
      2655 Dividend Dr, Memphis, TN 38132
      View Details
    • Contact for pricing
      21,150 SF

      Memphis Warehouse Space Available

      Industrial warehouse space available for lease in Memphis, Tennessee.
      2761-2831 Barris Dr, Memphis, TN 38132
      View Details
    • Contact for pricing
      7,240 SF

      Industrial Space in Corporate Center

      Multi-tenant industrial space with 24/7 security and dock doors.
      2689-2729 Longate Dr, Memphis, TN 38132
      View Details
    • Contact for pricing
      12,085 SF

      Flex Space in Corporate Center

      Flex space available within Nonconnah Corporate Center business park.
      1775 Pyramid Pl, Memphis, TN 38132
      View Details
    • Contact for pricing
      21,150 SF

      Memphis Warehouse Space Available

      21,150 SF warehouse space with multiple loading docks.
      2762-2912 Barris Dr, Memphis, TN 38132
      View Details
    • Contact for pricing
      19,488 SF

      Industrial Space with Ample Parking

      Air-conditioned industrial space available for rent with back-up generator.
      1769 Paragon Pl, Memphis, TN 38132
      View Details
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    1451 Corporate Ave
    Memphis, TN 38132-1723
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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