2870 Poplar Ave, Memphis, TN
6,300 SF retail building in prime location for sale.
- Added:
- May 10, 2024
- Days on Market:
- 766
- Last Refresh:
- May 20 at 8:59 pm
Property Features for 2870 Poplar Ave
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Lot size
- 0.48 Acres
- Property subtype
- RETAIL
Properties For Sale
at 2870 Poplar Ave Contact usListing agent Brian Califf License ##S-41945 (901) 526-3100
Listing office NAI Saig Company - Memphis (901) 526-3100
Listing date May 10, 2024
Source Moodyscre
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 NAI Saig Company - Memphis
HighLights
- Prime Location on Poplar near major Medical Hub
- Free‑Standing 6,300 SF Building
- Divisible into multiple retail bays
- Built in 2018
- 0.48 acres
- Sale Price: $1,500,000
Overview
Local Financial Insights For Retail
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 | $94.5k | $15.00 |
| − Vacancy | −$4.7k | −$0.75 |
| EGI | $89.8k | $14.25 |
| − OpEx | −$26.9k | −$4.27 |
| NOI | $62.8k | $9.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9655
- Latitude
- 35.1346
