Property profile

109 N Main St Memphis, TN 38103

FOR SALE
Office Units
Property ID
US80-0806359
Individually Owned 1-yr Hold
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Property summary

AI-generated overview

The Claridge House was originally built in the 1920’s as a luxury hotel. The building was most recently renovated in 2004 to offer the upscale residential and office condos that you see today. The opulent lobby sets the tone for a luxury experience and the 900 square foot rooftop deck provides for the perfect place to unwind and enjoy the city skyline. Building amenities include community WiFi, a gym, laundry room, roof deck, indoor pool, spa, and a club room. Fantastic office suite in a landmark building on the Main Street trolley line. Space has new paint new carpet large open workspaces and training rooms breakroom and interior restrooms. Built out for a federal government tenant in 2019. This space looks wonderful. Great view overlooking Civic Center Plaza and just a stone's throw from City Shelby County Building Federal Building Downtown Memphis Commission and directly across Main St from the soon to be redeveloped 100 N. Main Building. Tech upgrades and wiring as well as keycard access.

Property profile

Verified
Property type Office Units
UPID US80-0806359

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Limousine Service
  • Restaurant
  • Real Estate Agency
  • Condominium Complex

Location

109 N Main St Memphis, TN 38103
Memphis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2025
7 recorded transactions
2025
$100,000
2025
Price N/A
2024
$125,000
2024
$92,500
2020
Price N/A
2020
$75,000
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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