100 Crescent DrCollierville, TN 38017

  • Office properties
  • 20,017 SF
For Sale
$3,000,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
100 Crescent Dr, Collierville, Tennessee

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

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
$43,703
$189,480
$665,760
$855,240
-
$473,700
$1,664,400
$2,138,100

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