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Property profile & analytics
OFF-MARKET Estimated value $2,480,000
Warehouses

1824 Castalia St Memphis, TN 38114-4607

242,568 SF 8.57 ac lot Built 1941
Entity Owned ~ Est. High Equity
Property ID
US80-0991440
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1941
Total area 242,568 SF
Lot 8.57 ac (373,396 SF)
Zoning code EMP
APN 060-108- - -00011
UPID US80-0991440
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.48M
Owner & transaction history
Barnhart Crane And Rigging Co
Barnhart Crane And Rigging Co
since 2025
Last sale
$2.3M
7 recorded transactions
2025
$2.3M
2022
$1.4M
2022
Price N/A
2003
$391,000
2000
$368,818
1969
Price N/A
1969
Price N/A
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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