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Property profile & analytics
FOR LEASE
Warehouses

1887 Latham St Memphis, TN 38106

74,061 SF 3.93 ac lot Built 1965
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US80-0850887
Property summary
AI-generated overview

This exceptional 75,257-square-foot industrial distribution center is strategically located at 1887 Latham St, Memphis, Tennessee, in Shelby County, zip code 38106. The property boasts a single-tenant occupancy, making it an ideal investment for those seeking a stable, long-term lease. Its classification as a distribution center highlights its suitability for logistics and warehousing operations. The building's substantial size offers ample space for inventory storage, order fulfillment, and related activities. The property's location within Memphis provides easy access to major transportation arteries, facilitating efficient distribution throughout the region. This presents a significant advantage for businesses requiring seamless logistics and convenient access to a robust transportation network. The single-tenant structure minimizes management complexities and offers predictable income streams. This turnkey solution is perfect for investors seeking a low-maintenance, high-return industrial property. Detailed specifications and lease terms are available upon request. This prime Memphis location offers a compelling opportunity for businesses seeking to establish or expand their distribution operations in a thriving market. The property's size and strategic location combine to create a highly desirable asset in the competitive Memphis industrial real estate market. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1965
Total area 74,061 SF
Lot 3.93 ac (170,973 SF)
Zoning code EMP
APN 049-001- - -00011
UPID US80-0850887
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
  • Global Parts Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.17M
Owner & transaction history
Fp-gimel Tn LP · 6 yrs held
Fp-gimel Tn LP
since 2019
1 recorded transaction
2019
$1.2M
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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