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    Property profile & analytics

    4650 E Shelby Dr Memphis, TN 38118

    • Warehouses
    • 532,073 SF
    • 20.99 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1078778
    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

    • GXO / Logistics Company / Freight Service

    Property Details for 4650 E Shelby Dr

    Year built
    1993
    Lot size
    20.99 lot acres
    Property size
    532,073 SF
    Zone code
    EMP
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    093-301- -A-00007-C
    APU
    093301A00007C

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $14,981,000
      Market price range: $6.58M - $20.2M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $18,670,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9082
    Latitude
    35.0235
    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
    $462,100
    $293,840
    $7,291,960
    $7,585,800
    -
    $734,600
    $18,229,900
    $18,964,500

    Comparable in this City

    • Value Estimation
      $10,325,000
      352,000 SF

      3955 Holmes Rd

      MINI-WAREHOUSE, STORAGE • 352,000 SF
      3955 Holmes Rd, Memphis, TN 38118-7727
      View Details
    • Value Estimation
      $28,430,000
      969,150 SF

      4155 Holmes Rd

      MINI-WAREHOUSE, STORAGE • 969,150 SF
      4155 Holmes Rd, Memphis, TN 38118-7709
      View Details
    • Value Estimation
      $21,040,000
      717,155 SF

      3292 Holmes Rd

      MINI-WAREHOUSE, STORAGE • 717,155 SF
      3292 Holmes Rd, Memphis, TN 38118-8102
      View Details
    • Value Estimation
      $29,355,000
      654,400 SF

      4795 Imagination Dr

      MINI-WAREHOUSE, STORAGE • 654,400 SF
      4795 Imagination Dr, Memphis, TN 38118-7822
      View Details
    • Value Estimation
      $16,770,000
      571,642 SF

      4770 Southpoint Dr

      MINI-WAREHOUSE, STORAGE • 571,642 SF
      4770 Southpoint Dr, Memphis, TN 38118-7532
      View Details
    • Value Estimation
      $30,935,000
      715,375 SF

      5155 Lamar Ave

      MINI-WAREHOUSE, STORAGE • 715,375 SF
      5155 Lamar Ave, Memphis, TN 38118-7819
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office/Warehouse Facility in Southeast Memphis

      Well-maintained office and warehouse facility with flexible layouts.
      4445 Malone Rd, Memphis, TN 38118
      View Details
    • $10,150,000
      169,272 SF

      Functional Warehouse with Outdoor Storage

      Warehouse with rear loading, side parking, and enhanced security.
      4481 Distriplex Cv, Memphis, TN 38118
      View Details
    • Contact for pricing
      7,457 SF

      Versatile Industrial Property For Sale

      Industrial property suitable for auto repair, warehouse, and retail.
      3230 Linda Dr, Memphis, TN 38118
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      100,000 SF

      Memphis Industrial Building For Sale

      100,000 SF industrial building in Memphis, TN, for sale.
      3370 Miac Cv, Memphis, TN 38118
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      Memphis Industrial Site for Sale

      Large industrial site in Memphis, near airport and intermodal.
      3461 E Raines Rd, Memphis, TN 38118
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    • $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

    • $5 SF/Yr
      20,000 SF

      Memphis Warehouse Space Available

      20,000 SF warehouse space for lease in Memphis.
      3366-3370 Miac Cv, Memphis, TN 38118
      View Details
    • Contact for pricing
      24,000 SF

      Memphis Industrial Space: 24,000 SF

      Versatile Memphis warehouse, office & distribution space.
      4040 Delp St, Memphis, TN 38118
      View Details
    • Contact for pricing
      40,214 SF

      Memphis Warehouse Space Available

      Warehouse space available for lease in Memphis, Tennessee.
      4006 Air Park St, Memphis, TN 38118
      View Details
    • Contact for pricing
      96,440 SF

      Memphis Industrial Space Available For Lease

      96,440 SF industrial space with immediate airport access.
      4340 Swinnea Rd, Memphis, TN 38118
      View Details
    • Contact for pricing
      32,000 SF

      Industrial Space Available For Lease

      32,000 SF industrial space with dock doors and rail.
      3920-3970 Delp St, Memphis, TN 38118
      View Details
    • Contact for pricing
      30,325 SF

      Memphis Industrial Space for Lease

      30,325 SF Warehouse, Excellent Location
      3778 Distriplex Dr, Memphis, TN 38118
      View Details
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    4650 E Shelby Dr
    Memphis, TN 38118
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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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