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Property profile & analytics
FOR LEASE
Warehouses

610 Monroe Ave Memphis, TN 38103

9,254 SF 0.24 ac lot Built 1997
Individually Owned Absentee Owner Free & Clear
Property ID
US80-0779018
Property summary
AI-generated overview

This exceptional 12,946-square-foot property at 610 Monroe Avenue in Memphis, Tennessee, presents a unique investment opportunity. Located in Shelby County's burgeoning Edge District, this Class B building offers a blend of industrial and office space, ideal for a variety of businesses. Built in 1997, the property features a flexible layout suitable for multiple tenants or a single large occupant. The building is currently fully vacant, providing immediate occupancy for a new owner or lessee. Two suites are available, with a minimum divisible space of 5,362 square feet and a maximum contiguous space of 7,584 square feet. The property's versatile design caters to diverse needs, encompassing executive office, manufacturing, flex, warehouse, and distribution uses. Its strategic location between Downtown and Midtown Memphis offers excellent access to major transportation routes and a thriving workforce. This is a rare chance to acquire a substantial, multi-use property in a rapidly developing area of Memphis, offering significant potential for growth and return on investment. The property's 38103 zip code ensures convenient access to amenities and a strong local economy. The building's total square footage is 12,946, providing ample space for expansion or multiple tenants. This is a prime opportunity to establish a strong presence in a dynamic Memphis neighborhood.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1997
Total area 9,254 SF
Lot 0.24 ac (10,454 SF)
Zoning code CBD
APN 007-032- - -00011
UPID US80-0779018
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Asia Sourcing Corporation Plastic Fabrication Company Plastic Injection Molding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$875k
Owner & transaction history
Gary W Dodson
Gary W Dodson
since 2025
Last sale
$1.2M
6 recorded transactions
2025
$1.2M
2016
Price N/A
2015
Price N/A
2011
$15,000
2011
Price N/A
2011
$135,000
Zoning & alternative use
CBD · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.3M +237.9%
Office building $940,000 +140.4%
Auto repair, garage $895,000 +129.0%
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