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    451 Halley St Collierville, TN 38017
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    451 Halley St Collierville, TN 38017

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    • Industrial land
    For Sale
    $500,000
    View Listing →
    Collierville Industrial Park Land For Sale
    $500,000

    Collierville Industrial Park Land

    8.9 +/- acres of light industrial land for sale.

    451 Halley St, Collierville, TN 38017
    View Listing
    Property ID
    US80-1400366
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 451 Halley St

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    8.9 +/- acres of land in Collierville Industrial Park. Zoning is light industrial. Ingress/egress access is off South St. in industrial park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.65424
    Latitude
    35.03993

    Comparable in this City

    • Contact for pricing
      43,560 SF

      Industrial Lot Near Town Square

      Rare industrial lot near the town square for sale.
      184 S Mount Pleasant Rd, Collierville, TN 38017
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      Land Parcel Near Malco Cinema

      Land parcel adjacent to Malco Cinema and Baptist Medical Group.
      500 Market Blvd, Collierville, TN 38017
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      Land on Hwy 385 Frontage

      Commercial land available on Hwy 385 and Shelby Drive.
      4625 S Houston Levee Rd, Collierville, TN 38017
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      40 Acres Near Walmart Supercenter

      40 acres available near retailers and restaurants.
      W Poplar Ave & Byhalia Rd, Collierville, TN 38017
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      Vacant Land Approved for Office

      3.39 acres of land approved for 20,000SF office space.
      Houston Levee Rd, Collierville, TN 38017
      View Details
    • $399,000
      6.02 Acres

      Collierville Commercial Land For Sale

      6-acre corner lot zoned GC with utilities in Collierville, TN.
      289 Harris St, Collierville, TN 38017
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,560 SF

      Industrial Lot Near Town Square

      Rare industrial lot near the town square for sale.
      184 S Mount Pleasant Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Land Parcel Near Malco Cinema

      Land parcel adjacent to Malco Cinema and Baptist Medical Group.
      500 Market Blvd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Land on Hwy 385 Frontage

      Commercial land available on Hwy 385 and Shelby Drive.
      4625 S Houston Levee Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      40 Acres Near Walmart Supercenter

      40 acres available near retailers and restaurants.
      W Poplar Ave & Byhalia Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      Vacant Land Approved for Office

      3.39 acres of land approved for 20,000SF office space.
      Houston Levee Rd, Collierville, TN 38017
      View Details
    • $399,000
      6.02 Acres

      Collierville Commercial Land For Sale

      6-acre corner lot zoned GC with utilities in Collierville, TN.
      289 Harris St, Collierville, TN 38017
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      70 acres of retail and industrial zoned land available.
      500-598 S Byhalia Rd, Collierville, TN 38017
      View Details
    • Contact for pricing

      1048 W Poplar Ave, Collierville, TN 38017

      Commercial land
      1048 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      18-acre parcel suitable for retail, office, or medical development.
      1332-1466 Us Highway 72, Collierville, TN 38017
      View Details
    • Contact for pricing

      Poplar Avenue Commercial Parcel

      Commercial parcel for lease on Poplar Avenue in Collierville.
      1048 W Poplar Ave, Collierville, TN 38017
      View Details
    • Contact for pricing

      Retail Spaces in Collierville Center

      Retail spaces available in shopping center near Walmart Supercenter.
      622 W Poplar Ave, Collierville, TN 38017
      View Details
    • $32 SF/Yr
      929 SF

      Collierville Creative Office Space

      Charming renovated office, ideal location.
      258 Center St, Collierville, TN 38017
      View Details
    View Listing
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    451 Halley St
    Collierville, TN 38017
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    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
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