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    Property profile & analytics

    683 4Th St Memphis, TN 38126

    • Commercial real estate
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0458677
    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

    • Commercial real estate

    Property Details for 683 4Th St

    Lot size
    0.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 11.6-acre property in Memphis, Tennessee, presents a rare development opportunity in the thriving South Downtown Business Park. Located at 670 S 4th St, zip code 38126, this site boasts 14 lots and offers unparalleled access to major transportation arteries, including Memphis International Airport, the Port of Memphis, and the BNSF Intermodal Yard. Its strategic position within the heart of the city places it in close proximity to established businesses such as AutoZone, FedEx, and Ghost River Brewing Co., ensuring high visibility and strong traffic counts. The surrounding area demonstrates robust growth, with a population exceeding 70,000 residents within a 3-mile radius. This diverse, mixed-use zoning allows for a wide range of development possibilities, catering to the needs of a dynamic and expanding urban landscape. The property's size and location make it an ideal investment for developers seeking to capitalize on Memphis's burgeoning commercial and residential sectors. This is a truly unique opportunity to acquire a significant land parcel in one of Memphis's most desirable and rapidly developing areas. The lot size falls within the range of 0.5 to 12 acres.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.05057088
    Latitude
    35.12852015

    Comparable in this City

    • Contact for pricing
      0.46 Acres

      Downtown Memphis Development Land

      Prime .45 acre lot, South City opportunity.
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      0.26 Acres

      Downtown Memphis Development Lot

      Prime .26-acre Opportunity Zone lot
      337 4Th St, Memphis, TN 38126
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    • $5,300,000

      Memphis Urban Redevelopment Site

      17 Acres, Mixed-Use Potential
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    • $172,000

      Memphis Rooming House Opportunity

      Well-kept 10-bedroom rooming house in Memphis, Tennessee.
      488 Laclede Ave, Memphis, TN 38126
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    • $310,000

      Memphis Garden Apartment Building

      Five-unit apartment building near Downtown Memphis, 80% occupied.
      1025 S Wellington St, Memphis, TN 38126
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    • $369,000

      Memphis Apartment Building with Potential

      Six-unit apartment building in Memphis with renovation potential.
      487 Williams Ave, Memphis, TN 38126
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    Similar Nearby for Sale

    • Contact for pricing
      0.46 Acres

      Downtown Memphis Development Land

      Prime .45 acre lot, South City opportunity.
      255 Vance Ave, Memphis, TN 38126
      View Details
    • Contact for pricing
      0.26 Acres

      Downtown Memphis Development Lot

      Prime .26-acre Opportunity Zone lot
      337 4Th St, Memphis, TN 38126
      View Details
    • $5,300,000

      Memphis Urban Redevelopment Site

      17 Acres, Mixed-Use Potential
      690 Mississippi Blvd, Memphis, TN 38126
      View Details
    • $172,000

      Memphis Rooming House Opportunity

      Well-kept 10-bedroom rooming house in Memphis, Tennessee.
      488 Laclede Ave, Memphis, TN 38126
      View Details
    • $310,000

      Memphis Garden Apartment Building

      Five-unit apartment building near Downtown Memphis, 80% occupied.
      1025 S Wellington St, Memphis, TN 38126
      View Details
    • $369,000

      Memphis Apartment Building with Potential

      Six-unit apartment building in Memphis with renovation potential.
      487 Williams Ave, Memphis, TN 38126
      View Details

    Similar Nearby for Lease

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      35,750 SF

      Memphis Industrial Flex Space

      Two spaces available, 4,500-31,250 sq ft
      761 Danny Thomas Blvd, Memphis, TN 38126
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      11,250 SF

      Downtown Memphis Flex/Industrial Space

      Flex, industrial, storage, or data center space for rent.
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      11,288 SF

      Memphis Flex Space - King Drive

      11,288 SF Flex Space; Prime Memphis Location
      691-699 Dr Martin Luther King Jr Ave, Memphis, TN 38126
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      11,288 SF

      Modern Office Space in Memphis

      Impressive office spaces with modern amenities in a prime Memphis location.
      691 Doctor Martin Luther King Junior Ave, Memphis, TN 38126
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    683 4Th St
    Memphis, TN 38126
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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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