Industrial

Southpoint II Sublease

southpoint ii sublease, memphis, TN 38118

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence

Low

$2.55/SF

Mid

$3.00/SF

High

$3.45/SF

Tier Used

peer_city_transfer

Transferred from peer market chicago (similarity: 100%) with 12 comparable listings.

Peer market: chicago (100% similarity)

Tier Resolution Trace

Tier 1insufficient_data

Tier 2insufficient_data

Tier 3insufficient_data

Tier 4successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$3.00/SF	—	peer_city_transfer
Utilities	—	3.4¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1409/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
Peer City Transfer	economic_similarity	12	—	real-time	chicago (100%)

Data sources used

peer_city_transfer

Description

Sublease Opportunity Near Memphis' Major Thoroughfares

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

southpoint ii sublease, memphis, TN 38118

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Memphis industrial market showed rents up 5.0% year over year, and cap rates around 16.0%. Source: multiple brokerages Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other industrial listings for sale in Memphis, TN to benchmark pricing and space — view the full market.

Industrial market FAQ

What is the typical cap rate for industrial in Memphis?: About 16.0% as of Q1 2026, per multiple brokerages.

Unified Estimate

Very Low Confidence

$2.55/SF-$3.45/SF

Mid: $3.00/SF

Cost-of-business estimate only; rate estimator unavailable.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market chicago (similarity: 100%) with 12 comparable listings.