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Property profile & analytics
FOR SALE
Warehouses

166 Neely St Collierville, TN 38017

12,900 SF 0.49 ac lot Built 1987
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1198888
Property summary
AI-generated overview

This exceptional 12,000-square-foot warehouse, located at 166 Neely St in Shelby County, Tennessee, presents a unique opportunity for businesses seeking a single-tenant industrial space. The property boasts six convenient drive-in doors, facilitating efficient loading and unloading operations. The entire 12,000 square feet is currently vacant and ready for immediate occupancy, offering unparalleled flexibility for a wide range of industrial uses. The building's design allows for customization to meet specific business needs, providing ample space for storage, manufacturing, or distribution. Its location in Collierville offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving community. The property is ideally suited for a single tenant seeking a substantial and adaptable industrial space. This is a rare opportunity to secure a well-located, spacious warehouse in a desirable area. The modern design and functional layout make this property a highly sought-after asset in the current market. Contact us today to schedule a viewing and explore the possibilities this exceptional warehouse offers.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1987
Total area 12,900 SF
Lot 0.49 ac (21,344 SF)
Zoning code GI
APN C02-44 - -A-00363
UPID US80-1198888
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$845k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k
Owner & transaction history
Two By Two Properties LLC · 3 yrs held
Two By Two Properties LLC
since 2023
Last sale
$1.0M
7 recorded transactions
2023
$1.0M
2023
Price N/A
2023
Price N/A
2022
Price N/A
2022
$1.2M
2022
Price N/A
2022
$900,000
Zoning & alternative use
GI · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.3M +47.4%
Retail stores $1.2M +32.4%
Apartment house (5+ units) $1.2M +31.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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