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Property profile & analytics

5000 Raines Rd Memphis, TN 38118-7039

  • Warehouses
  • 1,137,460 SF
  • 62.54 lot acres
OFF-MARKET
Last Sale
Nov 23, 2021
$8,550,000
Value Estimations
$6,865,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US80-0051770
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

  • Spinnaker Management Group LLC / Property Management Company
  • Neovia Logistics / Warehouse
  • Premier Packaging / Warehouse

Property Details for 5000 Raines Rd

Year built
1966
Lot size
62.54 lot acres
Property size
1,137,460 SF
Zone code
IH
Property type
Warehouses
Property subtype
Self storage facilities
APN
074-101- - -00040
APU
7410100040

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $6,865,000
    ML approach
    $7,885,000

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


Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-89.897
Latitude
35.0374
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
$459,468
$777,160
$6,765,440
$7,542,600
-
$1,942,900
$16,913,600
$18,856,500
More about this property
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