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    Prime Memphis Redevelopment Opportunity Title is generated by Realmo AI

    1735 Sycamore View Rd, Memphis, TN 38134

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    11.72-acre site with redevelopment potential in Memphis.

    Type:office.office_building
    Property size:
    127,634 SF
    Lot size:
    11.72 Acres
    Added:
    Mar 7, 2026
    Days on Market:
    91
    Last Refresh:
    Mar 7 at 7:06 pm

    Property Features for 1735 Sycamore View Rd

    General Information

    Standard status
    Active
    Size
    127,634 SF
    Lot size
    11.72 Acres
    Property subtype
    office.office_building

    We can help!

    Listing Contact
    W. Shane Soefker
    W. Shane Soefker

    Listing agent W. Shane Soefker License #296802

    Listing office Avison Young - US - TN - Memphis

    Listing date Mar 7, 2026

    Source Avisonyoung

    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 Avison Young - US - TN - Memphis

    HighLights

    • Prime 11.72‑acre redevelopment opportunity with direct access to Interstate 40.
    • 127,634‑square‑foot flex/office building with 909 parking spaces, suitable for adaptive reuse, expansion, or repositioning.
    • Strategic infill location ideal for industrial and last‑mile distribution, close to Ford's $5.6 billion Blue Oval City.
    • Potential for two outparcel sales at 5800 Summer Avenue and 5810 Summer Avenue.
    • Viable for retail redevelopment, including grocery‑anchored centers and neighborhood shopping.
    • Suitable for healthcare and medical uses due to proximity to residential communities and transit routes.

    Overview

    Sycamore Square presents a prime redevelopment opportunity in northeast Memphis, strategically located at Sycamore View Road and Summer Avenue, with direct access to Interstate 40. The 11.72-acre site includes a 127,634-square-foot flex/office building with the potential for two outparcel sales at 5800 Summer Avenue and 5810 Summer Avenue. The property offers 909 parking spaces and strong connectivity to residential and business hubs. As the long-time tenant vacates in Q3 2026, the property is ideal for adaptive reuse, redevelopment, potential building expansion, or repositioning to meet strong market demand. Its strategic infill location makes Sycamore Square an ideal candidate for industrial and last-mile distribution, with proximity to Ford's $5.6 billion Blue Oval City investment, attracting automotive suppliers, logistics operators, and e-commerce users. The northeast Memphis labor pool supports continued industrial and logistics growth. The site also presents a compelling retail redevelopment opportunity, well-suited for grocery-anchored centers, neighborhood shopping, and experiential retail concepts that align with Memphis' evolving consumer trends. Additionally, self-storage redevelopment is viable, given rising rental rates, declining vacancy, and increasing urban density. Healthcare and medical uses, such as urgent care centers, outpatient facilities, or specialty medical offices, can leverage proximity to major residential communities and transit routes for high visibility and accessibility. With its prime location, flexible zoning, and diverse redevelopment potential, Sycamore Square is poised to capture market growth across multiple asset classes, offering a premier commercial redevelopment opportunity in Memphis.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.86933
    Latitude
    35.1726011

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    FAQs

    What type of property is this?
    Mixed-use property - 11.72-acre site with redevelopment potential in Memphis.
    Where is this mixed-use property located?
    The property is located at 1735 Sycamore View Rd Memphis, TN.
    What are key features of this property?
    This property features: Prime 11.72‑acre redevelopment opportunity with direct access to Interstate 40.; 127,634‑square‑foot flex/office building with 909 parking spaces, suitable for adaptive reuse, expansion, or repositioning.; Strategic infill location ideal for industrial and last‑mile distribution, close to Ford's $5.6 billion Blue Oval City.
    (901) 231-1401
    We can help!
    Listing Contact
    W. Shane Soefker
    W. Shane Soefker
    Real Estate License ID: 296802
    Learn More
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    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
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