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Property profile & analytics

5055 Covington Way Memphis, TN 38134

  • Industrial properties
  • 11,100 SF
  • 0.97 lot acres
Value Estimation
$425,000
Location Intelligence
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.

Current Use by Public Records

  • Ambishun Fitness / Fitness Center
  • Omnicare / Pharmacy
  • Racc Acceptance / Furniture Rental Service
  • Your Favorite Nutritionist, LLC / Herb Shop / Herbal Medicine Store

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 Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

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
More about this property
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