Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3175 Lenox Park Blvd Memphis, TN 38115

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office spaces ranging from 1,000 to 95,000 SF for rent.

    Property size:
    4,478 SF
    Lot size:
    7.99 Acres

    Property Features for 3175 Lenox Park Blvd

    General Information

    Size
    4,478 SF
    Lot size
    7.99 Acres

    We can help!

    Listing Contact
    Justin Sypult
    Justin Sypult
    Source: Moodyscre

    Listing Agency: Avison Young | Memphis Listing Agent: Justin Sypult

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Class A Office Space Available

    Class A office spaces are available for rent in buildings located on a park-like campus. The property benefits from 24/7 uniformed roving security. The location provides access to fiber from AT&T, Comcast, and Level3, with Building B also including back-up generator access. The parking ratio is 4.7 per 1,000 SF. Spaces are available for requirements ranging from 1,000 to 95,000 SF. The property is located minutes from East Memphis, Germantown, Collierville, and the Fed-Ex World HQ. One available space is 4,478 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Barfield Valerie L Physician Dr. Albert Grobmyer Physician Bliss Julie S Medical Clinic Quality Home Health ... Home Health Care Service Logan Portable Toilets Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8424581
    Latitude
    35.0620343

    Nearby Similar for Lease

    • Contact for pricing

      Clark Tower

      Discover many ways to work your way in Clark Tower
      5100 Poplar Ave, Memphis, TN 38137
      View Details
    • Sponsored
      Contact for pricing

      Southwind Office Center

      Workspaces, services and support to help you work better in Miami Airport
      8295 Tournament Dr, Memphis, TN 38125
      View Details
    • Contact for pricing

      Colonnade

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      1661 International Dr, Memphis, TN 38120
      View Details
    • Contact for pricing

      Triad center I

      Flexible workspace in Minnesota Center
      6000 Poplar Ave, Memphis, TN 38119
      View Details
    • Contact for pricing

      TN, Memphis - S Main Street

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      107 Main St, Memphis, TN 38103
      View Details
    • Contact for pricing

      TN, Memphis - Union Avenue

      Discover many ways to work your way in Cornerstone Corporate
      1331 And, Memphis, TN 38104
      View Details
    • $19 SF/Yr
      5,389 SF

      Office Space Near I-55 Exit

      Office space available for lease near I-55 Riverside exit.
      5658 S Rex Rd, Memphis, TN 38119
      View Details
    • $15 SF/Yr
      3,479 SF

      Residential Style Office Buildings For Rent

      Two residential style office buildings for rent near Hwy 70.
      6555 Stage Rd, Memphis, TN 38134
      View Details
    • $17 SF/Yr

      Prime Commercial Property in Memphis

      Commercial property in Memphis's EDGE district with high visibility.
      433 Madison Ave, Memphis, TN 38103
      View Details
    • Contact for pricing

      Frayser Blvd Office Space Available

      Office space available for rent at Frayser Blvd corner.
      2094 Frayser Blvd, Memphis, TN 38127
      View Details
    • Contact for pricing

      Restaurant with Drive-Thru For Lease

      Freestanding 3,655 SF turnkey restaurant with drive-thru on 0.776 acres.
      4265 Hacks Cross Rd, Memphis, TN 38125
      View Details
    • $17 SF/Yr

      Prime Commercial Property in Memphis

      Commercial property in Downtown Memphis' EDGE district, excellent visibility.
      433 Madison Ave, Memphis, TN 38103
      View Details

    FAQs

    What type of property is this?
    Office units - Office spaces ranging from 1,000 to 95,000 SF for rent.
    Where is this office units located?
    The property is located at 3175 Lenox Park Blvd Memphis, TN.
    What are key features of this property?
    This property features: - Aggressive below market lease rates; - Class A buildings on a beautiful park-like campus; - 24/7 uniformed roving security throughout park
    (901) 231-1403 Call to check price and availability
    Request Owner's contact information
    3175 Lenox Park Blvd Memphis, TN 38115
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3175 Lenox Park Blvd
    Memphis, TN 38115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3175 Lenox Park Blvd Memphis, TN 38115
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Sypult
    Justin Sypult
    Real Estate License ID: TN 343790
    (901) 231-1403 (901) 497-7958 (615) 727-7409
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!