Property profile

5625 Shelby Dr Memphis, TN 38141

OFF-MARKET
Industrial properties
Property ID
US80-0099057
19,088 SF 1.29 ac lot Built 1978
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 38,400-square-foot industrial property, situated on 2.58 acres in Memphis, Tennessee (zip code 38141), offers 19,200 square feet of immediately available space. Built in 1978, this single-story Class B building features a 14-foot ceiling height, enhancing operational efficiency. The property boasts five dock-high doors and one drive-in door, providing convenient loading and unloading capabilities. Its versatile design caters to various industrial uses, including manufacturing, flex, warehouse, and distribution needs. The property is located in Shelby County, within a high-traffic area, ensuring excellent visibility and accessibility. The building's multiple tenancy configuration allows for flexibility in lease terms and space allocation. This prime location in southeast Memphis presents a unique opportunity for businesses seeking a functional and strategically positioned industrial space. The property's ample space and convenient features make it an ideal choice for companies requiring efficient operations and easy access to major transportation routes. This is a rare opportunity to secure a well-maintained industrial space in a thriving Memphis location.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL LOFT BUILDING
Year built 1978
Total area 19,088 SF
Lot 1.29 ac (56,062 SF)
Zoning code EMP
APN 093-623- -A-00043
UPID US80-0099057

Cap rate & NOI

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

Location

5625 Shelby Dr Memphis, TN 38141-6706
Memphis metro Census 22600 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$690k
Blend (final) Blend
$625k

Owner & transaction history

since 2023
Last sale
$562,500
7 recorded transactions
2023
Price N/A
2022
$650,000
2022
Price N/A
2022
Price N/A
2017
Price N/A
2016
Price N/A
2007
$465,000

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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