Freestanding Retail
2870 Poplar Ave, Memphis, TN 38111
For Sale
Contact for pricing
Built in 2018, the property offers flexible retail space that can be divided into multiple bays.
Property Size6,300 SF
Lot Size0.48 Acres
Price / SF$158.57
Days on Market914
Property Features for 2870 Poplar Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Asking Price
Building Details
Year Built
Listing Agency:
NAI Saig Company - Memphis
Listed By:
Brian Califf · License TN #299669
(901) 526-3100
Source:
Moodyscre
Added: May 10, 2024
Changed: Nov 6
Last Checked: Nov 8 at 5:30AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding retail building contains 6,300 square feet on a 0.48-acre parcel and was built in 2018. The layout can be divided into multiple retail bays, providing flexibility for different occupancy configurations.
The property is located at 2870 Poplar Ave in Memphis, Tennessee, near a major medical hub. Its retail classification and adaptable bay configuration support a range of storefront arrangements.
The property is located at 2870 Poplar Ave in Memphis, Tennessee, near a major medical hub. Its retail classification and adaptable bay configuration support a range of storefront arrangements.
Key Highlights
- 6,300‑square‑foot freestanding retail building
- 0.48‑acre parcel at 2870 Poplar Ave
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,842
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,840
$1.3M
Cap Rate 7%
$897,743
$897.7K
Cap Rate 9%
$698,244
$698.2K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$94.5K $15.00/SF
− Vacancy
−$4.7K −$0.75/SF
EGI
$89.8K $14.25/SF
− OpEx
−$26.9K −$4.27/SF
NOI
$62.8K $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 Rate 5%
$1,256,840
Cap Rate 7%
$897,743
Cap Rate 9%
$698,244
Alternative Uses
Best Use
Retail
$897.7K
$785.5K – $1.05M
NOI $62,842 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,334 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 38%
Home Improvements & Furnishings 1%
McDonald's
Dining
20,433 visits/mo
0.3 miles
Family Dollar
Shops & Services
12,058 visits/mo
0.3 miles
Bank of America
Shops & Services
8,157 visits/mo
0.4 miles
XFINITY Store by Comcast
Shops & Services
7,353 visits/mo
0.1 miles
Shell
Shops & Services
6,160 visits/mo
0.2 miles
Demographics for 38111, TN
40,533
Population
20,084
Households
2
Avg Household Size
34
Median Age
38%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
4,136
Density / Sq Mi
$52,806
Median Household Income
$33,449
Median Earnings
$1,077
Median Rent
$165,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Memphis
Vacancy Rate% for Retail in Memphis, TN
Frequently Asked Questions
What type of property is this?
Retail space - Built in 2018, the property offers flexible retail space that can be divided into multiple bays.
Where is this retail space located?
The property is located at 2870 Poplar Ave Memphis, TN.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 6,300‑square‑foot freestanding retail building; 0.48‑acre parcel at 2870 Poplar Ave; Built in 2018
