Property profile

3912 Raleigh Millington Rd Memphis, TN 38128

OFF-MARKET
Warehouses
Property ID
US80-1693697
8,150 SF 4.74 ac lot Built 1979
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4.74-acre commercial property located at 3912 Raleigh Millington Road in Memphis, Tennessee, presents a compelling redevelopment opportunity. The site currently features a warehouse building equipped with a single loading dock, providing immediate utility and potential for various uses. The expansive acreage offers significant flexibility for future development, allowing for expansion of the existing structure or construction of entirely new facilities. The property's location in Memphis provides access to major transportation routes and a robust local economy, making it an attractive investment for developers and businesses seeking a strategic location. The existing warehouse, while functional, offers a blank canvas for adaptive reuse, allowing for customization to suit a wide range of commercial needs. Whether envisioned as a distribution center, storage facility, or converted into a different type of commercial space, this property's size and location offer substantial upside potential. The property is priced at $374,900 and is being offered as-is. Serious inquiries are encouraged to explore the full potential of this prime Memphis commercial property. The property is zoned for commercial use. Further due diligence is recommended to confirm zoning and permitted uses.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1979
Total area 8,150 SF
Lot 4.74 ac (206,518 SF)
Zoning code R-8
APN 086-012- - -00011
UPID US80-1693697

Cap rate & NOI

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

Location

3912 Raleigh Millington Rd Memphis, TN 38128-3233
Memphis metro Census 20532 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2025
Last sale
$255,500
4 recorded transactions
2025
Price N/A
2025
$255,500
2015
$91,000
2011
Price N/A

Zoning & alternative use

R-8 · Memphis, TN
Zoning description

1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture.…

General category RESIDENTIAL

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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