5146 Raines RdMemphis, TN 38118

Property Details for 5146 Raines Rd

Year built

1986

Lot size

5.89 AC

Property size (Sq ft)

84,790 SF

Zone code

IH

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

074-101- - -00030

APU

7410100030

Description

This exceptional flex space in Willow Lake Industrial Park, Building 7, offers two available units totaling 7,270 to 7,450 square feet. Located in Shelby County, this property boasts a desirable location with easy access to key transportation arteries. The units feature an impressive 18-foot clear height, providing ample vertical space for various industrial needs. Loading and unloading are facilitated by three dock doors and one convenient ramp. Extensive parking is available for employees and visitors. Beyond the functional aspects, the property offers a surprisingly pleasant environment. A landscaped pond, jogging path, and picnic area provide a welcome respite for tenants and their employees. The strategic location near the BNSF Intermodal facility and the intersection of I-22 and Highway 78 ensures efficient logistics and convenient commutes. This property is ideal for businesses seeking a functional, well-maintained space in a convenient and attractive setting. The multiple tenancy option allows for flexibility in lease terms and space requirements. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $15,148,950

  6.5%

  $13,983,646

  7%

  $12,984,814

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,245,854

  Geo Method

  $10,245,854

• Alternative Use

  Use

  Valuation

  Residential

  $13,983,646

  Hospitality

  $12,808,945

  Educational

  $10,656,892

  Medical

  $11,023,398

  Retail

  $16,577,387

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0358

Longitude

-89.8913

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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