5625 Shelby DrMemphis, TN 38141

Property Details for 5625 Shelby Dr

Year built

1978

Lot size

1.29 AC

Property size (Sq ft)

19,088 SF

Zone code

EMP

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

093-623- -A-00043

APU

093623A00043

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,410,345

  6.5%

  $3,148,011

  7%

  $2,923,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,306,556

  Geo Method

  $2,306,556

• Alternative Use

  Use

  Valuation

  Residential

  $3,148,011

  Hospitality

  $2,883,561

  Educational

  $2,399,089

  Medical

  $2,481,597

  Retail

  $3,731,916

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0199

Longitude

-89.8757

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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