1824 Castalia St Memphis, TN 38114-4607
This expansive Memphis industrial property at 1824 Castalia St, zip code 38114, offers a total of 242,568 square feet of space, currently entirely vacant and ready for immediate occupancy. The building, constructed in 1941, is situated in Shelby County, Tennessee, and benefits from its location amongst significant industrial and commercial businesses. The property is divisible into three separate suites, with a minimum divisible space of 74,000 square feet and a maximum contiguous space of 84,568 square feet. This flexibility allows for a variety of tenant configurations, catering to businesses of varying sizes and needs. Ceiling heights range from 16 to 24 feet, providing ample vertical space for storage, manufacturing processes, or high-bay racking systems. The property's classification as Manufacturing, Warehouse, and Distribution makes it suitable for a wide range of industrial uses. This prime location presents a unique opportunity for businesses seeking significant warehouse, manufacturing, or distribution space in a well-established industrial area of Memphis. The property's size and layout offer substantial potential for a single large tenant or multiple smaller tenants. Inquire today to learn more about this exceptional opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
EMP · Memphis, TNMemphis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.