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Property profile & analytics
OFF-MARKET Estimated value $3,040,000
Warehouses

4085 Thomas St Memphis, TN 38127

8,340 SF 4 ac lot Built 2011
Entity Owned 2-yr Hold Free & Clear
Property ID
US80-0675785
Property summary
AI-generated overview

This exceptional 1.6-acre commercial land parcel presents a unique investment opportunity in the thriving North Memphis submarket. Strategically located on Highway 51 at the busy intersection of North Watkins Street, this property offers unparalleled visibility and accessibility. The lot is a secure corner parcel within a larger mini-storage facility, providing an added layer of security and the option of supplemental indoor storage if needed. Zoned CMU-III, the property is suitable for a wide range of commercial uses, including outdoor storage, landscaping or construction equipment yards, parking lots, or new commercial development. The versatility of this site is further enhanced by its adaptability; it can be fenced, subdivided, and secured to meet specific tenant requirements. Ground preparation options include paving, graveling, or a combination of both to accommodate diverse needs. The property boasts a private gated entrance and is well-lit for enhanced security. This prime location, coupled with its flexible zoning and adaptable features, makes this 1.6-acre parcel an ideal investment for discerning buyers seeking a high-impact commercial property in a rapidly growing area. Don't miss this chance to acquire a highly visible and versatile commercial land parcel in a prime North Memphis location.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2011
Total area 8,340 SF
Lot 4 ac (174,240 SF)
Zoning code CMU-3
APN 069-079- - -00003-C
UPID US80-0675785
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.98M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.04M
Owner & transaction history
Bigger Garage Six LLC · 2 yrs held
Bigger Garage Six LLC
since 2023
Last sale
$3.1M
5 recorded transactions
2023
Price N/A
2023
$3.1M
2023
$2.5M
2023
Price N/A
2011
$110,000
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.6M +686.6%
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