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    Property profile & analytics

    5315 Summer Ave Memphis, TN 38122-4421

    • Warehouses
    • 38,319 SF
    • 2.54 lot acres
    OFF-MARKET
    Value Estimations
    $2,540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1772959
    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

    • U-Haul Moving & Storage at Summer Ave / Storage Facility
    • U-Haul Trailer Hitches / Auto Parts Store
    • Truck Sales at U-Haul / Car Dealership
    • Propane Refill at U-Haul / Fuel Supplier / Moving Supply Store
    • Self-Storage at U-Haul / Storage Facility

    Property Details for 5315 Summer Ave

    Year built
    1983
    Lot size
    2.54 lot acres
    Property size
    38,319 SF
    Zone code
    CMU-3
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    068-001- - -00029
    APU
    6800100029

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,370,000
      Market price range: $741k - $2.37M
      AI Estimate
      $1,802,000
      Market price range: $427k - $1.80M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,715,000
      APARTMENT HOUSE (5+ UNITS)
      $3,410,000
      OFFICE BUILDING
      $3,395,000
      RETAIL STORES
      $2,880,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,815,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8832
    Latitude
    35.1566
    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
    $40,380
    $236,000
    $426,880
    $662,880
    -
    $590,000
    $1,067,200
    $1,657,200

    Comparable in this City

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      $770,000
      55,200 SF

      3460 Mallory Depot Dr

      MINI-WAREHOUSE, STORAGE • 55,200 SF
      3460 Mallory Depot Dr, Memphis, TN 38122-2223
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    • Value Estimation by Request
      4,275 SF

      1536 National St

      MINI-WAREHOUSE, STORAGE • 4,275 SF
      1536 National St, Memphis, TN 38122-1224
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    • Value Estimation
      $6,405,000
      192,000 SF

      1364 Farmville Ave

      MINI-WAREHOUSE, STORAGE • 192,000 SF
      1364 Farmville Ave, Memphis, TN 38122-1001
      View Details
    • Value Estimation by Request
      26,420 SF

      4981 Summer Ave

      MINI-WAREHOUSE, STORAGE • 26,420 SF
      4981 Summer Ave, Memphis, TN 38122-4358
      View Details
    • Value Estimation
      $2,170,000
      196,392 SF

      1379 Farmville Ave

      MINI-WAREHOUSE, STORAGE • 196,392 SF
      1379 Farmville Ave, Memphis, TN 38122-1002
      View Details
    • Value Estimation
      $1,900,000
      175,084 SF

      1324 Farmville Ave

      MINI-WAREHOUSE, STORAGE • 175,084 SF
      1324 Farmville Ave, Memphis, TN 38122-1001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,953 SF

      Office and Warehouse Space Available

      Modern office building with warehouse space on Summer Avenue.
      3569 Summer Ave, Memphis, TN 38122
      View Details
    • Contact for pricing

      Remodeled Office and Warehouse Space

      Modern office and warehouse with high visibility on Summer Avenue.
      3569 Summer Ave, Memphis, TN 38122
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    • $350,000
      1,181 SF

      Summer Ave Storefront Opportunity

      Prime Memphis retail space, vacant, 1181 sq ft.
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      8,735 SF

      Memphis Medical Office Investment Opportunity

      Stand-alone medical building in East Memphis with long-term tenant.
      3430 Summer Ave, Memphis, TN 38122
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      380,505 SF Retail Center

      Retail center with strong co-tenancy and highway visibility.
      5230 Summer Ave, Memphis, TN 38122
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    • $35,000
      0.22 Acres

      Residential Land in Memphis, TN

      Vacant lot with duplex plans available in Memphis, TN.
      3366 Guernsey Ave, Memphis, TN 38122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,200 SF

      Industrial Space with Drive-in Facilities

      Industrial space featuring drive-in facilities and outside storage.
      1325-1369 Farmville Rd, Memphis, TN 38122
      View Details
    • $10 SF/Yr
      5,660 SF

      Memphis Retail & Industrial Space

      5,660 SF Available - Excellent Location
      4957 Summer Ave, Memphis, TN 38122
      View Details
    • Contact for pricing
      13,548 SF

      Industrial Space Available For Rent

      Industrial space available for rent featuring drive-in facilities.
      1300-1320 Farmville Rd, Memphis, TN 38122
      View Details
    • Contact for pricing
      36,700 SF

      Industrial Space Available For Rent

      Industrial space available for rent featuring drive-in facilities.
      3442-3450 Jackson Ave, Memphis, TN 38122
      View Details
    • Contact for pricing
      26,163 SF

      Industrial Space Available For Lease

      Industrial space available for lease featuring drive-in facilities.
      1324-1342 Farmville Rd, Memphis, TN 38122
      View Details
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    5315 Summer Ave
    Memphis, TN 38122-4421
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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