Property profile

5555 E Raines Rd Memphis, TN 38118

FOR LEASE
Warehouses
Property ID
US80-0969211
663,405 SF 30.03 ac lot Built 1980
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1980
Total area 663,405 SF
Lot 30.03 ac (1,308,107 SF)
Zoning code EMP
APN 093-400- - -00146-C
UPID US80-0969211

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
  • Warehouse & Storage
  • Warehouse & Storage

Location

5555 E Raines Rd Memphis, TN 38118
Memphis metro Census 22600 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
$7.58M
Blend (final) Blend
$6.96M

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2018
$13.0M
2014
$9.4M

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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