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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1670 Century Center Pkwy Memphis, TN 38134

    • Office buildings
    • 38,200 SF
    • 5.67 lot acres
    For Lease
    View listing
    Last Sale
    Jan 29, 2025
    $2,385,000
    Value Estimations
    $1,880,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1242538
    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

    • Amelia G. Anderson, PharmD / Pharmacy
    • Delgado Portable Toilets / Portable Toilet Supplier

    Property Details for 1670 Century Center Pkwy

    Year built
    2004
    Lot size
    5.67 lot acres
    Property size
    38,200 SF
    Zone code
    RU-2
    Property type
    Office buildings
    APN
    089-046- - -00036
    APU
    8904600036

    Description

    This exceptional 33,688-square-foot warehouse space, located within the Century Center Building G in Shelby County, presents a unique leasing opportunity. Currently available as a single unit, this industrial property offers impressive flexibility, with divisibility options into two spaces: 14,882 square feet or 18,806 square feet, catering to diverse business needs. The building boasts a prime location, offering convenient access to Bartlett, Cordova, and East Memphis, ensuring seamless connectivity for employees and clients. Enjoy the benefits of a business park setting, surrounded by top-tier corporate neighbors, fostering a professional and productive environment. Security is a top priority, with 24/7 roving security and multiple SkyCop cameras providing peace of mind. The single-story building features an open floor plan, an inviting reception area, and a large breakroom, enhancing employee comfort and collaboration. Additional amenities include a powerful 500 kW generator for reliable power and prominent building signage opportunities for increased brand visibility. Ample parking is provided with 202 dedicated spaces, offering a generous 6 spaces per 1,000 square feet of leased space. The property is professionally managed and maintained, ensuring a smooth and efficient operational experience. This is an ideal location for businesses seeking a modern, secure, and well-equipped warehouse space in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,880,000
      ML approach
      $2,425,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,805,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8419
    Latitude
    35.171
    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
    $100,997
    $372,200
    $1,285,760
    $1,657,960
    -
    $930,500
    $3,214,400
    $4,144,900

    Comparable in this City

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      2830 Summer Oaks Dr

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      2850 Stage Vlg Cv

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      2850 Stage Vlg Cv, Bartlett, TN 38134-4682
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    • Value Estimation
      $280,000
      2,491 SF

      1727 Bartlett Rd

      OFFICE BUILDING • 2,491 SF
      1727 Bartlett Rd, Memphis, TN 38134-6402
      View Details
    • Value Estimation
      $345,000
      3,744 SF

      2810 Summer Oaks Dr

      OFFICE BUILDING • 3,744 SF
      2810 Summer Oaks Dr, Bartlett, TN 38134-3896
      View Details
    • Value Estimation
      $390,000
      7,450 SF

      5727 Summer Trees Dr

      OFFICE BUILDING • 7,450 SF
      5727 Summer Trees Dr, Memphis, TN 38134-7300
      View Details

    Similar Nearby for Sale

    • $539,000

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      Well-maintained office building in a central Bartlett location.
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    • $575,000
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      Office Building For Sale

      Office property featuring 3,672 square feet of space.
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    • $995,000
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      Bartlett Office Suites For Rent

      Affordable Bartlett office space, multiple suites.
      2810 Summer Oaks Dr, Bartlett, TN 38134
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    • $1,750,000
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      Bartlett Office Building - Investment Opportunity

      11,300 SF Office Building, 5-Year Lease, High Traffic Area
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    • $365,000
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      Office Space in Old Bartlett

      3,262 SF office space for sale in Old Bartlett.
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    Similar Nearby for Lease

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      Prime Bartlett medical/office space. Multiple suites available.
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    • Contact for pricing
      77,925 SF

      Memphis Office Space for Lease

      Modern Office Suites, 2,852-4,051 SF Available
      1680 Century Center Pkwy, Memphis, TN 38134
      View Details
    • $15 SF/Yr
      3,479 SF

      Executive Office Suites in Bartlett

      Prime Bartlett Office Space Available
      6555 Stage Rd, Bartlett, TN 38134
      View Details
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    Memphis, TN 38134
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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