Elevator-Served Medical Office
For Sale
Contact for pricing
472 W Poplar, Collierville, TN 38017
The second-floor space includes reception, patient waiting, imaging, and laboratory areas.
Property Size5,000 SF
Price / SF$1.92
Days on Market1383
Property Features for 472 W Poplar
General Information
Standard status
Active
Size
5,000 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
2
Amenities
shared monument sign
Building Details
Year Built
2009
Stories
2
Listing Agency:
The Stamps Real Estate Company
(901) 853-1118
Listed By:
Murray Foster
(901) 921-9383
Source:
Assuredrealestate
Added: Jan 10, 2023
Changed: Oct 22
Last Checked: Oct 23 at 9:33PM
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 The Stamps Real Estate Company
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Investment Insights
Based on property information with market context.
Located on the second floor at 472 W Poplar in Collierville, this medical office space measures approximately 5,000 square feet. An elevator serves the floor. The layout includes reception and waiting areas, along with x-ray and lab rooms.
The building was constructed in 2009. Shared monument signage is available at the property.
The building was constructed in 2009. Shared monument signage is available at the property.
Key Highlights
- Approximately 5,000 square feet on the second floor
- Elevator access to the medical office space
- Reception, waiting, x‑ray, and lab areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,140
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,800
$982.8K
Cap Rate 7%
$702,000
$702.0K
Cap Rate 9%
$546,000
$546.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$84.0K $16.80/SF
− Vacancy
−$18.5K −$3.70/SF
EGI
$65.5K $13.10/SF
− OpEx
−$16.4K −$3.28/SF
NOI
$49.1K $9.83/SF
Area
Shelby County, TN
Vacancy
22.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,800
Cap Rate 7%
$702,000
Cap Rate 9%
$546,000
Alternative Uses
Best Use
Healthcare Medical
$851.5K
$745.1K – $993.5K
NOI $59,607 @ 7.0% cap · market cap 622.01%
Second Best
Office B
$702.0K
$614.3K – $819.0K
NOI $49,140 @ 7.0% cap · market cap 512.78%
Theoretical Best
Office A
$1.01M
$885.6K – $1.18M
NOI $70,848 @ 7.0% cap · market cap 739.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 38017, TN
55,114
Population
20,850
Households
2.6
Avg Household Size
41
Median Age
60%
College-Educated
96%
High-School Grad
82.0 sq mi
ZIP Area
672
Density / Sq Mi
$135,946
Median Household Income
$70,857
Median Earnings
$1,489
Median Rent
$469,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Collierville Animal Clinic — 474 US-72, Collierville, TN 38017
- Collierville Animal Clinic: Horn J B DVM — 474 US-72, Collierville, TN 38017
- Kingsley S M DVM — 474 US-72, Collierville, TN 38017, United States
- Murphy James L DVM — 18 S Byhalia Rd, Collierville, TN 38017
- Mangum Claudia G DVM — 18 S Byhalia Rd, Collierville, TN 38017
Frequently Asked Questions
What type of property is this?
Medical Office Space - The second-floor space includes reception, patient waiting, imaging, and laboratory areas.
Where is this medical office space located?
The property is located at 472 W Poplar Collierville, TN.
What are key features of this property?
This property features: Approximately 5,000 square feet on the second floor; Elevator access to the medical office space; Reception, waiting, x‑ray, and lab areas
