Property summary
This expansive industrial property, located at 5000 E Raines Rd in Memphis, Tennessee, offers a significant opportunity for businesses seeking substantial warehouse space. The property boasts a total of 1,137,460 square feet, with 100,000 square feet currently vacant and available for lease. Built in 1966, the warehouse features a substantial 18-foot ceiling height, providing ample vertical storage capacity. Access is facilitated by 33 dock-high doors and 2 drive-in doors, ensuring efficient loading and unloading operations. Ample parking is available on-site to accommodate employees and visitors. The property is situated in the Southeast submarket of Shelby County, offering convenient access to major transportation routes. The single-suite layout provides flexibility for a variety of uses. This is a multi-tenant property. The property's size and features make it ideal for large-scale distribution, logistics, or manufacturing operations. The 38118 zip code provides easy access to the Memphis metropolitan area. This is a rare opportunity to secure a significant amount of warehouse space in a prime location. Contact us today to learn more about leasing opportunities.
Property profile
VerifiedCap rate & NOI
Current use
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Property Management Company
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Warehouse & Storage
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Warehouse & Storage
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
IH · Memphis, TNZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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