Property profile

505 Winchester Rd Memphis, TN 38116

OFF-MARKET
Warehouses
Property ID
US80-1223353
6,510 SF 7.09 ac lot Built 1974
Individually Owned 25-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 7-acre industrial property in Shelby County offers a 14,646-square-foot flex/warehouse building, perfect for a variety of businesses. Built in 1976, the property boasts two buildings and features one loading dock, one dock-high door, and one drive-in door. The entire 14,646 square feet is currently vacant, providing immediate occupancy for a new tenant. The expansive paved lot provides ample space for storage, maneuvering, and potential expansion. The location offers high visibility and convenient access to major transportation arteries, including Winchester Road (11,099 AADT), US 51 (18,252 AADT), I-55 (93,684 AADT), and I-240 (97,404 AADT). This prime location places your business in close proximity to numerous established industrial and corporate neighbors, including FedEx, Smith & Nephew, Valero, CN Railroad, Pandrol USA, DHL, YRC Freight, Thompson Machinery, and UPS. The well-maintained building features expansive windows, creating a bright and inviting atmosphere. This adaptable space presents a significant opportunity for businesses seeking a prominent and strategically located facility in the Southwest Memphis Industrial Area. The property's size and features make it ideal for a range of industrial or service-based operations. Don't miss this chance to secure a highly visible and functional space for your business growth.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1974
Total area 6,510 SF
Lot 7.09 ac (308,797 SF)
Zoning code EMP
APN 077-017- - -00065-C
UPID US80-1223353

Cap rate & NOI

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

Location

505 Winchester Rd Memphis, TN 38116-3929
Memphis metro Census 22500 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2001
1 recorded transaction
2001
$437,800

Zoning & alternative use

EMP · Memphis, TN
Zoning description

1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…

General category INDUSTRIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 505 Winchester Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message