Technical
Financial
Distress signals
Property profile

3328 Gemini Dr Memphis, TN 38109

OFF-MARKET
Truck terminals
Property ID
US80-3457331
19,393 SF 4.85 ac lot Built 1972
Entity Owned 16-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This industrial property comprises 22,993 square feet and is situated on 4.85 acres. The facility includes a 20,275 square foot dock area with 35 loading doors, each sized at 10 feet by 10 feet. The site is fully fenced and gated. The property is located approximately 1.3 miles from I-240, 1.55 miles from I-55, 4.3 miles from Memphis International Airport, 5.1 miles from UPS, 9.2 miles from the FedEx World Hub, and 10.2 miles from BNSF.

Property profile

Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1972
Total area 19,393 SF
Lot 4.85 ac (211,310 SF)
Zoning code EMP
APN 050-123- -A-00001
UPID US80-3457331

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
  • Freight Service Logistics Company
  • Auto Repair Shop
  • Corporate Office
  • Trucking Company
  • Shipping Company Freight Service

Location

3328 Gemini Dr Memphis, TN 38109-2902
Memphis metro Census 22500 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2009
7 recorded transactions
2009
$365,000
2009
$365,000
2007
Price N/A
2006
Price N/A
2006
Price N/A
2005
Price N/A
2004
Price N/A

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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