Listing Agency: r***@cbre.com Show Phone

Listed By: Ron Kastner Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 14 Last Checked: Aug 23 at 8:20AM

Report an Issue

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 Ron Kastner

Investment Insights

Based on property information with market context.

This Class A office property is located in the East Memphis submarket, situated off Poplar Avenue and Shady Grove Road. The property provides ample parking with both covered and surface options. The property offers 6,645 square feet of space.

Key Highlights

• Class A property
• Located in the booming East Memphis submarket
• Off Poplar Ave. and Shady Grove Rd.

Property Analytics

Property Profile

Current Use

Pinnacle Financial Partners Bank Green Square Wealth ... Financial Advisor R. Brooks Fowler ... Financial Advisor Strategic Financial Partners Insurance Agency Pfizer Inc Factory

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

3,030

Businesses Nearby

Explore this area Business Placement

Demographics for 38120, TN

14,536

Population

6,785

Households

2.1

Avg Household Size

44

Median Age

71%

College-Educated

98%

High-School Grad

9.6 sq mi

ZIP Area

1,514

Density / Sq Mi

$119,309

Median Household Income

$62,370

Median Earnings

$1,552

Median Rent

$421,500

Median Home Value

Market

Lease Benchmarks for Memphis, TN

$21.33 /SF/Yr

Avg Asking Price

$10.63–$35 /SF/Yr

Price Range

26,530 SF

Avg Space Size

Vacancy Rate% for Office in Memphis, TN

14.6% 2019

15% 2020

16.8% 2021

16.2% 2022

17.3% 2023

16.7% 2024

17.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Rent Nearby

Office-Warehouse Flex Space

3770 Cherry Rd, Memphis, TN 38118

$8,640/Mo

8,640 sqft

View details

Medical Office Property at Intersection

8071 Winchester Rd, Memphis, TN 38125

$4,810/Mo

4,810 sqft

View details

Hospital-Adjacent Medical Office Building

3950 New Covington Pike, Memphis, TN 38128

$750/Mo

12,800 sqft

View details

Office Space for Lease

5796 Shelby Oaks, Memphis, TN 38134

$12 SF/Yr

6,245 sqft

View details

Medical Office Space with Skybridge

1211 Union Ave, Memphis, TN 38104

$2,179/Mo

2,179 sqft

View details

Medical Office Building Suites

1264 Wesley Dr, Memphis, TN 38116

$1,347/Mo

1,574 sqft

View details

Prime Frontage Retail Space

2235 Whitten Road, Memphis, TN 38133

$20 SF/Yr

1,300 sqft

View details

Distribution Office Showroom Flex Space

1650 N Shelby Oaks Dr, Memphis, TN 38134

$9,375/Mo

9,375 sqft

View details

Office Condo Suites C8 and C9

109 N Main St, Memphis, TN 38103

$17 SF/Yr

7,774 sqft

View details

Fenced Flex Space with Warehouse

1588 Ragan St, Memphis, TN 38106

$8,000/Mo

8,000 sqft

View details

Retail Space for Lease

1469 Wells Station Rd, Memphis, TN 38108

$16.21 SF/Yr

1,444 sqft

View details

Office Space with Contractor-Friendly Site

1706 Bartlett Rd, Memphis, TN 38134

$2,460/Mo

2,460 sqft

View details

Frequently Asked Questions

What type of property is this?

Office building - Class A office space in booming East Memphis submarket.

Where is this office building located?

The property is located at 949 South Shady Grove Road Memphis, TN.

What are key features of this property?

This property features: Class A property; Located in the booming East Memphis submarket; Off Poplar Ave. and Shady Grove Rd.