Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4066 New Getwell Rd Memphis, TN 38118-6017

    • Specialty properties
    • 4,148 SF
    • 1.35 lot acres
    OFF-MARKET
    Last Sale
    May 21, 2025
    $187,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0153965
    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.

    Current Use by Public Records

    • Specialty properties

    Property Details for 4066 New Getwell Rd

    Year built
    1974
    Lot size
    1.35 lot acres
    Property size
    4,148 SF
    Zone code
    IH
    Property type
    Specialty properties
    APN
    073-036- - -00094
    APU
    7303600094

    Description

    This 1.35-acre parcel, located at 4066 New Getwell Road in Memphis, Tennessee (zip code 38118), is offered for sale at $224,000. The property is zoned IH and presents an excellent redevelopment opportunity. Situated in Shelby County, this land boasts a convenient location at the intersection of New Getwell Road and East Raines. Currently, an animal shelter facility occupies the site, adding potential value or redevelopment options for a buyer. The substantial lot size provides ample space for various industrial uses, aligning perfectly with the IH zoning designation. This property is ideal for investors or developers seeking a strategic location in a growing Memphis market. The precise coordinates are latitude 35.0376595 and longitude -89.9359612. Serious inquiries are encouraged to explore the potential of this versatile industrial land parcel. The asking price reflects the significant potential of this site given its size, zoning, and location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9357
    Latitude
    35.0376
    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
    $7,203
    $35,320
    $82,920
    $118,240
    -
    $88,300
    $207,300
    $295,600

    Comparable in this City

    • Value Estimation by Request
      7,010 SF

      3213 Mendenhall Rd

      Airport retail • 7,010 SF
      3213 Mendenhall Rd, Memphis, TN 38118
      View Details
    • Value Estimation by Request
      3,690 SF

      3855 Perkins Rd

      VETERINARY, ANIMAL HOSPITAL • 3,690 SF
      3855 Perkins Rd, Memphis, TN 38118-6329
      View Details
    • Value Estimation by Request
      7,710 SF

      3626 New Getwell Rd

      FUNERAL HOME • 7,710 SF
      3626 New Getwell Rd, Memphis, TN 38118-6002
      View Details
    • Value Estimation by Request
      1,836 SF

      2545 Holmes Rd

      FUNERAL HOME • 1,836 SF
      2545 Holmes Rd, Memphis, TN 38118-8002
      View Details
    • Value Estimation by Request
      15,900 SF

      3711-3721 Lamar Ave

      Specialty properties • 15,900 SF
      3711-3721 Lamar Ave, Memphis, TN 38118
      View Details
    • Value Estimation by Request
      3,540 SF

      5270 Knight Arnold Rd

      FUNERAL HOME • 3,540 SF
      5270 Knight Arnold Rd, Memphis, TN 38118-3505
      View Details

    Similar Nearby for Sale

    • $5,600,000
      33.17 Acres

      Memphis Industrial Campus: Redevelopment Opportunity

      33-Acre Campus, 3 Buildings, 1100+ Parking
      3796 Lamar Ave, Memphis, TN 38118
      View Details
    • Contact for pricing

      Versatile Memphis Event and Spa

      Event center and spa, perfect for gatherings and relaxation.
      4280 Cherry Center Dr, Memphis, TN 38118
      View Details
    • $500,000

      Versatile Commercial Property, Memphis

      Adaptable commercial building suitable for various business types.
      3614 S Perkins Rd, Memphis, TN 38118
      View Details
    • $365,000

      Day Care Center in Memphis

      Day care center with fenced area and drive-through drop-off.
      3643 Tchulahoma Rd, Memphis, TN 38118
      View Details
    • Contact for pricing
      124,000 SF

      Memphis Industrial Warehouse For Sale/Lease

      Large warehouse space, ideal for distribution.
      4013 Premier Ave, Memphis, TN 38118
      View Details
    • $2,150,000
      40,690 SF

      Memphis Industrial Warehouse - $2.15M

      40,690 SF Warehouse, Excellent Location
      3394 Winchester Rd, Memphis, TN 38118
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      7,010 SF

      Memphis Airport Retail Space

      High-traffic location, 1,260 sq ft available
      3213 Mendenhall Rd, Memphis, TN 38118
      View Details
    • Contact for pricing
      40,000 SF

      Industrial Space with Ample Truck Court

      40,000 SF industrial space with office and truck court.
      4140 Bf Goodrich Blvd, Memphis, TN 38118
      View Details
    • Contact for pricing
      72,000 SF

      Memphis Specialty Property Near Highway

      72,000 SF specialty property located near BNSF Intermodal and HWY.
      4210 Bf Goodrich Blvd, Memphis, TN 38118
      View Details
    • $11 SF/Yr
      15,900 SF

      Prime Memphis Office/Retail Space

      Versatile suites, 750-7200 sq ft
      3711-3721 Lamar Ave, Memphis, TN 38118
      View Details
    • $12 SF/Yr
      15,768 SF

      Memphis Flex Space - Winchester Rd

      15,768 SF Flex Space, 1,200 SF Vacant
      3865 Winchester Rd, Memphis, TN 38118
      View Details
    • $3 SF/Yr
      160,000 SF

      Memphis Distribution Center

      160,000 SF Industrial Space Available
      4400 Delp St, Memphis, TN 38118
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4066 New Getwell Rd
    Memphis, TN 38118-6017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.