Landmark Building Office
109 N Main Memphis, TN 38103
For Sale
$291,255
Office suite in downtown Memphis with modern upgrades and amenities.
Property Size900 SF
Price / SF$323.62
Days on Market143
Property Features for 109 N Main
General Information
Standard status
Active
Size
900 SF
Property subtype
Office
Listing Agency:
Universal Commercial Real Estate LLC
(901) 503-5917
Listed By:
Darrell Cobbins · License #278933
(901) 503-5917
Source:
Universalcommercial
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 26 at 5:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Universal Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
Located in downtown Memphis, the Claridge House was originally constructed in the 1920s as a luxury hotel and renovated in 2004 into upscale residential and office condos. The property features an opulent lobby and a 900-square-foot rooftop deck with city skyline views. Building amenities include community WiFi, a gym, laundry room, roof deck, indoor pool, spa, and a club room. This office suite is situated in a landmark building on the Main Street trolley line. The space includes new paint, new carpet, large open workspaces and training rooms, a breakroom, and interior restrooms. It was built out for a federal government tenant in 2019 and includes tech upgrades, wiring, and keycard access. The suite offers views overlooking Civic Center Plaza and is near the City, Shelby County Building, Federal Building, and Downtown Memphis Commission. It is also located across Main Street from the upcoming redeveloped 100 N. Main Building. The location provides convenient access to AutoZone Park, FedExForum, and Beale Street Entertainment District, offering a mix of commercial, cultural, and entertainment establishments.
Key Highlights
- Prime downtown Memphis location with convenient access to AutoZone Park, FedExForum, and Beale Street.
- Located in a landmark building on the Main Street trolley line.
- Enjoy building amenities including a 900 sq ft rooftop deck, indoor pool, spa, gym, club room, laundry room, and community WiFi.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $24.00 |
| − Vacancy | −$3.2k | −$3.60 |
| EGI | $18.4k | $20.40 |
| − OpEx | −$4.6k | −$5.10 |
| NOI | $13.8k | $15.30 |
900 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$196.7K
$172.1K – $229.5K
NOI $13,770 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$266.0K
$232.7K – $310.3K
NOI $18,619 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office suite in downtown Memphis with modern upgrades and amenities.
Where is this office units located?
The property is located at 109 N Main Memphis, TN.
What is the asking price?
The asking price for this property is $291,255.
What are key features of this property?
This property features: Prime downtown Memphis location with convenient access to AutoZone Park, FedExForum, and Beale Street.; Located in a landmark building on the Main Street trolley line.; Enjoy building amenities including a **900 sq ft rooftop deck, indoor pool, spa, gym, club room, laundry room, and community WiFi.**
