Corner Office, Showroom and Retail
For Sale
Contact for pricing
2526 Sam Cooper Blvd, Memphis, TN 38112
Corner office, showroom, and retail property with high visibility in a central Memphis location near restaurants and entertainment.
Property Size2,500 SF
Price / SF$158
Days on Market512
Property Features for 2526 Sam Cooper Blvd
General Information
Standard status
Active
Size
2,500 SF
Property subtype
OFFICE
Additional Details
Corner Location
Yes
Listing Agency:
Avison Young | Memphis
(615) 727-7409
Listed By:
Jeff Higdon
(901) 870-6740
Source:
Moodyscre
Added: Apr 22, 2025
Changed: Aug 16
Last Checked: Sep 14 at 12:46PM
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 | Memphis
Investment Insights
Based on property information with market context.
This corner property offers a combined office, showroom, and retail space totaling 2,500 SF. The layout is designed to support a business that needs both work space and customer-facing presentation.
Located at 2526 Sam Cooper Blvd in Memphis, the building sits in the Broad Avenue Arts District and benefits from high visibility in a central location. The property is close to many restaurants and entertainment options, supporting customer traffic and convenient after-work access for staff.
The combination of office, showroom, and retail functionality makes it well-suited for a tenant looking for a single, multi-use footprint for daily operations and customer engagement.
Located at 2526 Sam Cooper Blvd in Memphis, the building sits in the Broad Avenue Arts District and benefits from high visibility in a central location. The property is close to many restaurants and entertainment options, supporting customer traffic and convenient after-work access for staff.
The combination of office, showroom, and retail functionality makes it well-suited for a tenant looking for a single, multi-use footprint for daily operations and customer engagement.
Key Highlights
- 2,500 SF office, showroom, and retail property
- Corner location in the Broad Avenue Arts District
- High visibility in a central location
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
$24,938
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
6.31%
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%
$498,760
$498.8K
Cap Rate 7%
$356,257
$356.3K
Cap Rate 9%
$277,089
$277.1K
Market Conditions
NOI Build-Up for 2,500 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
$37.5K $15.00/SF
− Vacancy
−$1.9K −$0.75/SF
EGI
$35.6K $14.25/SF
− OpEx
−$10.7K −$4.27/SF
NOI
$24.9K $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%
$498,760
Cap Rate 7%
$356,257
Cap Rate 9%
$277,089
Alternative Uses
Best Use
Office B
$546.4K
$478.1K – $637.5K
NOI $38,250 @ 7.0% cap · market cap 9.68%
Second Best
Retail
$356.3K
$311.7K – $415.6K
NOI $24,938 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$738.9K
$646.5K – $862.0K
NOI $51,720 @ 7.0% cap · market cap 13.09%
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
664
Businesses Nearby
Explore this area
Business Placement
Demographics for 38112, TN
16,970
Population
7,425
Households
2.3
Avg Household Size
32
Median Age
38%
College-Educated
85%
High-School Grad
4.8 sq mi
ZIP Area
3,535
Density / Sq Mi
$52,639
Median Household Income
$29,576
Median Earnings
$969
Median Rent
$206,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Corner office, showroom, and retail property with high visibility in a central Memphis location near restaurants and entertainment.
Where is this office building located?
The property is located at 2526 Sam Cooper Blvd Memphis, TN.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,500 SF office, showroom, and retail property; Corner location in the Broad Avenue Arts District; High visibility in a central location
