Commercial Real Estate in Memphis
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Reonomy attracts a large community of Memphis commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.
Memphis commercial real estate sold prices and values
|Values and sold prices (last 24 months)||United States||Alabama||Memphis|
|Average sold price||$719,520||$623,522||--|
|Median sold price||$117,513||$92,830||--|
|Number of sales||4,966,440||66,034||--|
|Number of sales over $250k||1,713,796||17,513||--|
|Number of sales over $1m||361,743||3,559||--|
|Number of sales over $10m||49,723||332||--|
|Average total tax amount||$4,995||$1,536||--|
|Average assessed value||$231,214||$32,151||--|
|Average market value||$312,693||$182,458||--|
Memphis commercial real estate property averages
|Property averages||United States||Alabama||Memphis|
|Average lot size||823,561 sf||2,314,958 sf||--|
|Median lot size||24,595 sf||43,559 sf||--|
|Average building area||--||--||--|
|Median building area||--||--||--|
|Median year built||1972||1988||--|
|Average number of units||18||35||--|
|Median number of units||2||5||--|
Memphis commercial real estate total supply
|Number of parcels||204,011,067||1,122,645||2|
|Aggregate lot acerage||845,192,728||18,206,373||--|
|Aggregate building area||--||--||--|
Memphis commercial real estate industrial mortgages
|Number of mortgages||41,957,457||182,299||--|
|Average value of mortgages||$5,803,143||$4,833,420||--|