Property profile

1975 Latham St Memphis, TN 38106

OFF-MARKET
Warehouses
Property ID
US80-2941283
154,184 SF 5.57 ac lot Built 1953
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 120,000-square-foot industrial warehouse, built in 1953, presents a significant opportunity in Memphis, Tennessee. Classified as a Class B property, this single-story building sits on a substantial 5.57-acre lot, fully fenced for enhanced security. The property features ten loading docks, each equipped with a dock-high door, ensuring efficient loading and unloading operations. The warehouse boasts a generous 16-foot ceiling height, providing ample vertical space for storage and operations. The zoning is designated as Industrial, allowing for a wide range of uses. Conveniently located, the property is just 0.8 miles from the I-55/240 interchange and a short 2-mile distance from the Canadian National (CN) rail yard, offering excellent access to major transportation arteries. The expansive lot includes a full truck court with parking capacity for eight trailers, providing ample space for maneuvering and vehicle storage. This property is individually owned and is ready for immediate occupancy. The building consists of a single unit.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1953
Total area 154,184 SF
Lot 5.57 ac (242,542 SF)
Zoning code EMP
APN 049-002- - -00025
UPID US80-2941283

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Material Handling Equipment Supplier

Location

1975 Latham St Memphis, TN 38106-7102
Memphis metro Census 5600 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.46M
Blend (final) Blend
$530k

Owner & transaction history

since 2025
Last sale
$2.2M
4 recorded transactions
2025
Price N/A
2025
$2.2M
2017
Price N/A
2017
$1.6M

Zoning & alternative use

EMP · Memphis, TN
Zoning description

1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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