3912 Raleigh Millington Rd Memphis, TN 38128-3233
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-8 · Memphis, TNMemphis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.