5055 Covington Way Memphis, TN 38134
Property profile & analytics
5055 Covington Way Memphis, TN 38134
- Industrial properties
- 11,100 SF
- 0.97 lot acres
Property ID
US80-0141372
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.
Location Intelligence
Current Use by Public Records
- Ambishun Fitness / Gym & Fitness Center
- Omnicare / Pharmacy
- Racc Acceptance / Interior Design
- Your Favorite Nutritionist, LLC / Physician
Property Details for 5055 Covington Way
- Year built
- 1986
- Lot size
- 0.97 lot acres
- Property size
- 11,100 SF
- Zone code
- EMP
- Property type
- Industrial properties
- Property subtype
- Loft space
- APN
- 088-040- - -00113
- APU
- 8804000113
Description
This single-tenant industrial flex space at 5055 Covington Way offers a unique opportunity. The property boasts a flexible layout previously occupied by a pharmacy, featuring multiple offices and a small warehouse area. The total square footage ranges from 1,850 to 5,550 square feet, providing ample space for a variety of businesses. The building includes four restrooms for employee and customer convenience. The property's adaptability is a key advantage; the landlord is willing to convert the space back to a standard warehouse configuration if needed, making it suitable for a wide range of uses. This presents a rare chance to acquire a well-located industrial property with significant flexibility and potential for customization. The property's previous use as a pharmacy suggests existing infrastructure suitable for businesses requiring office and storage space. The size range allows for businesses of varying scales to find a suitable fit. The availability of four restrooms further enhances the property's functionality and appeal. The landlord's willingness to adapt the space to the tenant's needs underscores the commitment to providing a tailored solution. This makes 5055 Covington Way an exceptional opportunity for businesses seeking a versatile and adaptable industrial space.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8951
- Latitude
- 35.1823
- 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
$13,063
$41,640
$172,800
$214,440
-
$104,100
$432,000
$536,100
