Listing Agency: d***@cbre.com Show Phone

Listed By: Don Drinkard Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 8 Last Checked: Aug 8 at 4:44AM

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Investment Insights

Based on property information with market context.

Located in the East Memphis submarket at the corner of Kirby Parkway and Quince Road, this commercial real estate property offers office space for rent. The property provides 1280 square feet of space suitable for office use.

Key Highlights

• Located in the East Memphis submarket.
• Located at the corner of Kirby Pkwy and Quince Rd.

Property Analytics

Property Profile

Current Use

Ajay K. Dave, ... Dental Office VIPcare Memphis - Kirby Medical Clinic Renuva Xtremity Foot ... Physician Silver Angels of Tennessee ... Home Help TransForce, Inc. Employment Agency

Suggested Use

Top Pick Law Firm Real Estate Agency Kitchen & Bath Showroom Parking Lot & Garage Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.55 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

602

Businesses Nearby

Explore this area Business Placement

Demographics for 38119, TN

23,997

Population

10,521

Households

2.3

Avg Household Size

39

Median Age

53%

College-Educated

96%

High-School Grad

8.8 sq mi

ZIP Area

2,727

Density / Sq Mi

$86,325

Median Household Income

$53,068

Median Earnings

$1,336

Median Rent

$279,100

Median Home Value

Market

Lease Benchmarks for Memphis, TN

$12.87 /SF/Yr

Avg Asking Price

$4.03–$23 /SF/Yr

Price Range

10,887 SF

Avg Space Size

This space is priced 32% above the average of $12.87 /SF/Yr.

Vacancy Rate% for Office in Memphis, TN

14.6% 2019

15% 2020

16.8% 2021

16.2% 2022

17.3% 2023

16.7% 2024

17.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - Office space for rent in East Memphis, 1280 square feet.

Where is this office units located?

The property is located at 2900 Kirby Parkway Memphis, TN.

What is the lease rate?

The lease rate is $17 SF/Yr.

What are key features of this property?

This property features: Located in the East Memphis submarket.; Located at the corner of Kirby Pkwy and Quince Rd.