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Property profile

5000 Raines Rd Memphis, TN 38118

OFF-MARKET
Warehouses
Property ID
US80-0051770
View Sample
1,137,460 SF 62.54 ac lot Built 1966
Entity Owned 4-yr Hold Free & Clear

Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1966
Total area 1,137,460 SF
Lot 62.54 ac (2,724,286 SF)
Zoning code IH
APN 074-101- - -00040
UPID US80-0051770

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Property Management Company
  • Warehouse & Storage
  • Warehouse & Storage

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.89M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.87M

Owner & transaction history

since 2021
Last sale
$8.6M
4 recorded transactions
2021
Price N/A
2013
$8.6M
2011
$7.7M
2003
$24.3M

Zoning & alternative use

IH · Memphis, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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