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Property profile & analytics
OFF-MARKET
Warehouses

1727 Cherokee Blvd Memphis, TN 38111-3776

13,146 SF 1.24 ac lot Built 1985
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-0704272
Property summary
AI-generated overview

This 8,800-square-foot Class B warehouse in Memphis, Tennessee, is situated on a 1.24-acre lot and offers a compelling investment opportunity. Built in 1985 and extensively renovated in 2022, the property boasts a blend of modern amenities and functional industrial space. The single-story building features 4,920 square feet of warehouse space, 2,200 square feet of office space, and a substantial 1,668-square-foot catering kitchen. The 2022 renovation included new HVAC, plumbing, and electrical systems; a new ceiling and insulation; updated LED lighting; epoxy flooring in the kitchen and warehouse; and a new automated gate. The kitchen is equipped with production equipment, refrigerators, freezers, coolers, small wares, and minimal cooking equipment. Five loading docks facilitate efficient operations. The 18-inch ceiling height provides ample storage space. The property is zoned for industrial use and enjoys convenient access to I-240. The asking price is $749,900, translating to $85.22 per square foot. The property's APN is 05-9037-B0-0021. This turnkey operation presents a rare chance to acquire a well-maintained, updated warehouse in a prime Memphis location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1985
Total area 13,146 SF
Lot 1.24 ac (53,884 SF)
Zoning code CMU-3
APN 059-037- -B-00021
UPID US80-0704272
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
Current use
Occupant on record · Public records
  • American Screen & Door Co Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Altitude Inflight Catering LLC · 5 yrs held
Altitude Inflight Catering LLC
since 2021
Last sale
$687,500
6 recorded transactions
2021
$260,000
2016
$385,000
2001
$340,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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