Building Details

Buildings 1

Stories 2

Tenancy Multi

Listing Agency: Myers Commercial Real Estate

Listed By: Melanie Myers Bland · License #TN 288335

Source: Crexi

Added: Feb 27 Changed: Aug 13 Last Checked: Aug 20 at 1:30PM

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Investment Insights

Based on property information with market context.

This commercial property is an office building offering 12,560 square feet of space. The property is being offered for sale and features a 7.03% capitalization rate.

Key Highlights

• Office Property
• Great investment opportunity with a 7.03% CAP Rate
• Features 12,560 SqFt of space

Property Analytics

Property Profile

Current Use

Cynthia E Scales: ... Insurance Agency Insurance Consulting Group, ... Insurance Agency Carnival Memphis Association Or Organization DelBrocco & Associates - CPAs Accounting Firm Allstate Personal Financial ... Financial Advisor

Suggested Use

Top Pick Electrical Service Plumbing Service Storage Facility (Bike/Boat/Book/etc) Store Butcher Tattoo & Piercing Shop

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

Location Intelligence

Trade Area within ½ mile

1,856

Businesses Nearby

Explore this area Business Placement

Demographics for 38117, TN

27,138

Population

12,045

Households

2.3

Avg Household Size

40

Median Age

60%

College-Educated

95%

High-School Grad

9.4 sq mi

ZIP Area

2,887

Density / Sq Mi

$93,688

Median Household Income

$52,596

Median Earnings

$1,353

Median Rent

$287,500

Median Home Value

Market

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - 12,560 SqFt office building with 7.03% CAP rate.

Where is this office building located?

The property is located at 4735 Spottswood Ave Memphis, TN.

What is the asking price?

The asking price for this property is $1,875,000.

What are key features of this property?

This property features: Office Property; Great investment opportunity with a 7.03% CAP Rate; Features 12,560 SqFt of space