4033 Lamar Ave Memphis, TN 38118-4901
Property profile & analytics
4033 Lamar Ave Memphis, TN 38118-4901
- Industrial properties
- 12,000 SF
- 4.12 lot acres
Property ID
US80-0160475
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Alpha Dumpsters / Waste Management Facility / Hazardous Waste Disposal
- EquipmentShare / (Bike/Boat/Book/etc) Store / Rental Equipment Company
Property Details for 4033 Lamar Ave
- Year built
- 1964
- Lot size
- 4.12 lot acres
- Property size
- 12,000 SF
- Zone code
- EMP
- Property type
- Industrial properties
- APN
- 073-031- - -00009
- APU
- 7303100009
Description
This exceptional investment opportunity presents a 28,699 square foot industrial property in Memphis, Tennessee, currently leased to a corporate tenant under an absolute NNN lease. The property, comprised of four buildings constructed in 1964 and 1990, sits on a 6.31-acre lot zoned EMP (Employment District) and boasts 14 loading docks. The lease, commencing September 10, 2021, and expiring September 30, 2036, offers a substantial remaining term of approximately 11.9 years, providing long-term stability and predictable cash flow. The tenant, a nationally recognized construction solutions provider, provides a corporate guarantee, mitigating risk. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $344,642, representing a 6.50% cap rate on the $5,302,200 asking price, or $184.75 per square foot. Annual rent bumps of 1.5% are built into the lease, ensuring consistent growth in rental income. The property's strategic location, just 2.5 miles from Memphis International Airport and the FedEx World Hub, and its proximity to major transportation arteries, including I-240, further enhances its value and appeal. This asset is part of a larger portfolio, but can be purchased individually. The lease includes two 5-year renewal options at 101.5% above the then-current rental rate, with continued 1.5% annual escalations.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,035,000
- ML approach
- $3,890,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $3,215,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9298
- Latitude
- 35.0535
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$21,109
$109,160
$237,360
$346,520
-
$272,900
$593,400
$866,300
