High-Visibility Retail
For Sale
Contact for pricing
1911 Poplar Ave, Memphis, TN 38104
4,800 SF retail storefront on Memphis’s high-visibility Poplar Avenue corridor with convenient access.
Property Size4,800 SF
Price / SF$166.46
Days on Market51
Property Features for 1911 Poplar Ave
General Information
Standard status
Active
Size
4,800 SF
Property subtype
RETAIL
Additional Details
Asking Price
$899,000
Listing Agency:
NAI Saig Company - Memphis
Listed By:
Hamel (Hank) Martin
(901) 526-3100
Source:
Moodyscre
Added: Jul 27
Changed: Sep 5
Last Checked: Sep 14 at 10:09AM
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
Investment Insights
Based on property information with market context.
4,800 SF retail property at 1911 Poplar Ave is positioned as a storefront offering strong street visibility and practical access for retail operations. The property is described as being well-suited for owner-occupiers or investors seeking an income-producing retail asset.
Located on Memphis’s high-visibility Poplar Avenue corridor, the property is presented as having excellent exposure and convenient connections to major thoroughfares. It is also described as being near a variety of retail and service amenities, supporting day-to-day customer access.
For tenants evaluating retail storefront space, this property’s core appeal is its combination of frontage visibility along Poplar Avenue and its accessibility to surrounding commercial and residential areas.
Located on Memphis’s high-visibility Poplar Avenue corridor, the property is presented as having excellent exposure and convenient connections to major thoroughfares. It is also described as being near a variety of retail and service amenities, supporting day-to-day customer access.
For tenants evaluating retail storefront space, this property’s core appeal is its combination of frontage visibility along Poplar Avenue and its accessibility to surrounding commercial and residential areas.
Key Highlights
- 4,800 SF retail storefront at 1911 Poplar Ave
- High‑visibility Poplar Avenue corridor location in Memphis
- Excellent exposure for retail customer visibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,880
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$957,600
$957.6K
Cap Rate 7%
$684,000
$684.0K
Cap Rate 9%
$532,000
$532.0K
Market Conditions
NOI Build-Up for 4,800 SF
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.
Gross rent
$72.0K $15.00/SF
− Vacancy
−$3.6K −$0.75/SF
EGI
$68.4K $14.25/SF
− OpEx
−$20.5K −$4.27/SF
NOI
$47.9K $9.98/SF
Area
Memphis, TN
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$957,600
Cap Rate 7%
$684,000
Cap Rate 9%
$532,000
Alternative Uses
Best Use
Retail
$684.0K
$598.5K – $798.0K
NOI $47,880 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,302 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
41k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Beauty & Spa 3%
Home Improvements & Furnishings 3%
MAPCO Mart
Shops & Services
12,391 visits/mo
0.5 miles
Circle K
Shops & Services
11,966 visits/mo
0.4 miles
Shell
Shops & Services
8,731 visits/mo
0.1 miles
Exxon
Shops & Services
5,571 visits/mo
0.2 miles
Fantastic Sams
Beauty & Spa
1,291 visits/mo
0.4 miles
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Storefront property - 4,800 SF retail storefront on Memphis’s high-visibility Poplar Avenue corridor with convenient access.
Where is this storefront property located?
The property is located at 1911 Poplar Ave Memphis, TN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4,800 SF retail storefront at 1911 Poplar Ave; High‑visibility Poplar Avenue corridor location in Memphis; Excellent exposure for retail customer visibility
