Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6161 Shelby Oaks Dr Memphis, TN 38134

    • Sports & entertainment properties
    • 152,790 SF
    • 7.54 lot acres
    For Lease
    View listing
    Last Sale
    Mar 28, 2022
    $2,500,000
    Value Estimations
    $2,120,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0074036
    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

    • Jumping World / Amusement Park / Amusement Center
    • Wellworx Sporting Clubs / Physical Fitness Program
    • Indoor Soccer Facility / Sports Complex
    • Tiger Storage / Automobile Storage Facility / Boat Storage Facility
    • Memphis Wing Chun Boxing Academy / Martial Arts School

    Property Details for 6161 Shelby Oaks Dr

    Year built
    1973
    Lot size
    7.54 lot acres
    Property size
    152,790 SF
    Zone code
    EMP
    Property type
    Sports & entertainment properties
    APN
    089-044- - -00151
    APU
    8904400151

    Description

    This exceptional 9,000 square foot flex space, located at 6161 Shelby Oaks Drive, presents a fantastic opportunity for businesses seeking versatile industrial space. The property boasts a multi-tenant configuration, offering ample room for various operational needs. Ceiling heights range from 16 to 30 feet, providing significant vertical clearance for storage or specialized equipment. Access is convenient, featuring one drive-in door measuring 12 feet by 8 feet. While there are no loading docks or dock-high doors, the single drive-in door facilitates efficient loading and unloading. The property also offers the added benefit of secured parking, enhancing security and convenience for employees and visitors. Its strategic location ensures easy access to Interstate 40, providing seamless connectivity to major transportation arteries and streamlining logistics. This flexible space is ideal for a variety of uses, from light manufacturing and distribution to warehousing and storage. The combination of generous square footage, high ceilings, and convenient access makes this property an attractive option for businesses seeking a functional and strategically located industrial space. The property is currently vacant and ready for immediate occupancy. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,990,000
      ML approach
      $2,430,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,525,000
      Market price range: $2.22M - $14.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8572
    Latitude
    35.168
    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
    $49,140
    $265,400
    $541,280
    $806,680
    -
    $663,500
    $1,353,200
    $2,016,700

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      6675 Deermont Dr

      RECREATIONAL, ENTERTAINMENT • 10.00 Acres
      6675 Deermont Dr, Bartlett, TN 38134-3856
      View Details
    • Value Estimation by Request
      26.38 Acres

      2629 Bartlett Blvd

      RECREATIONAL, ENTERTAINMENT • 26.38 Acres
      2629 Bartlett Blvd, Bartlett, TN 38134-5409
      View Details
    • Value Estimation
      $2,815,000
      15,417 SF

      1740 Century Ctr Cv

      RECREATIONAL, ENTERTAINMENT • 15,417 SF
      1740 Century Ctr Cv, Memphis, TN 38134-8975
      View Details
    • Value Estimation
      $170,000
      33,600 SF

      5770 Shelby Oaks Dr

      RECREATIONAL, ENTERTAINMENT • 33,600 SF
      5770 Shelby Oaks Dr, Memphis, TN 38134-7315
      View Details
    • Value Estimation
      $430,000
      18,846 SF

      5484 Summer Ave

      RECREATIONAL, ENTERTAINMENT • 18,846 SF
      5484 Summer Ave, Memphis, TN 38134-7219
      View Details
    • Value Estimation
      $650,000
      4,500 SF

      5785 Stage Rd

      AUDITORIUM • 4,500 SF
      5785 Stage Rd, Bartlett, TN 38134-4517
      View Details

    Similar Nearby for Sale

    • $165,000
      1.72 Acres

      Bartlett Land for Custom Home

      1.72 acres in Bartlett, TN, ready for your dream home.
      5994 Elmore Rd, Bartlett, TN 38134
      View Details
    • $218,512
      1.32 Acres

      Bartlett, TN Commercial Land

      Centrally located commercial land with growth potential in Bartlett, TN.
      Bartlett Rd, Bartlett, TN 38134
      View Details
    • $47,500
      0.35 Acres

      Bartlett Land For Sale

      Prime 0.35 acre lot in the heart of Bartlett, Tennessee.
      Stage Center Cv, Bartlett, TN 38134
      View Details
    • $1,725,000
      5,513 SF

      Prime Bartlett Retail Opportunity

      High-Visibility, Kroger Outparcel, $1.725M
      2936 Kirby Whitten Rd, Bartlett, TN 38134
      View Details
    • $479,900

      Summer Ave Commercial Land

      Large tract, high-traffic location.
      0 Summer Ave, Memphis, TN 38134
      View Details
    • $845,370
      1,818 SF

      High-Visibility Retail Property For Sale

      Retail property with drive-thru, modern finishes, and ample parking.
      1615 Sycamore View Rd, Memphis, TN 38134
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      6,000 SF

      Bartlett Flex Space: 6,000 SF

      Prime Bartlett industrial flex space available.
      5798 Ferguson Rd, Bartlett, TN 38134
      View Details
    • Contact for pricing
      9,700 SF

      Available Office Space for Lease

      9,700 SF office space with signage and ample parking.
      1610 Century Center Pkwy, Memphis, TN 38134
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space on Whitten Road

      1,440 SF retail space in high-traffic Memphis center.
      1674 Whitten Rd, Memphis, TN 38134
      View Details
    • Contact for pricing
      3,750 SF

      Shelby Oaks Flex Space Available

      High-end flex space with convenient access to amenities.
      1657 N Shelby Oaks Dr, Memphis, TN 38134
      View Details
    • Contact for pricing
      126,500 SF

      Memphis Industrial Property For Rent

      Industrial property available for rent in Memphis, Tennessee.
      2093-2099 Thomas Rd, Memphis, TN 38134
      View Details
    • Contact for pricing
      5,625 SF

      Flex Space in Business Park

      Flex space available for lease in Memphis, Tennessee.
      1665 N Shelby Oaks Dr, Memphis, TN 38134
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6161 Shelby Oaks Dr
    Memphis, TN 38134
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.