100 Crescent DrCollierville, TN 38017

Property Details for 100 Crescent Dr

Year built

2000

Lot size

1.94 AC

Property size (Sq ft)

20,017 SF

Zone code

R-1

Property type

Office buildings

APN

C02-44 - -A-00400

APU

C0244A00400

Description

This exceptional 20,017-square-foot industrial property in Collierville, Tennessee, presents a unique investment opportunity. Located at 100 Crescent Drive, 38017, this Class B building boasts a versatile design, encompassing 10,837 square feet of fully climate-controlled warehouse space and 9,180 square feet of office area. Built in 2000 and renovated in 2019, the single-story structure sits on a 1.94-acre lot and features two loading docks with levelers and seals, plus a grade-level door. The warehouse boasts a 20-foot ceiling height, while the office space includes eight private offices, a conference room, breakroom, copy room, server room, and kitting rooms. The property includes a backup generator with an automatic switch, concrete block construction, wet sprinklers, three-phase 480V electricity, and warehouse LED lighting. High security is ensured with controlled access and a comprehensive CCTV system. Ample parking is available with 28 spaces. The property is zoned for office use and offers a compelling combination of warehouse and office functionality, making it ideal for a variety of businesses. The asking price is $3,000,000, translating to $149.87 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $2,884,132

  6.5%

  $2,662,276

  7%

  $2,472,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,560,525

  Geo Method

  $1,560,525

• Alternative Use

  Use

  Valuation

  Residential

  $3,301,222

  Hospitality

  $3,023,902

  Educational

  $2,515,851

  Medical

  $2,602,375

  Retail

  $3,913,546

Location Insight

City

Collierville

County

Shelby

State

Tennessee

Latitude

35.0421

Longitude

-89.6996

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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