Medical Office Space with Exam
For Sale
$295,000
5108 Stage Rd, Memphis, TN 38134
Two parcels are offered together with exam-room plumbing, fenced patios, and accessibility features.
Property Size1,354 SF
Price / SF$217.87
Days on Market59
Property Features for 5108 Stage Rd
General Information
Standard status
Active
Size
1,354 SF
Amenities
handicap accessible
outside fenced patios
Building Details
Year Built
1984
Listing Agency:
Leco Realty, Inc.
Listed By:
Lowell Brister
(901) 508-4737
Source:
Bryanrealty
Added: Aug 17
Changed: Oct 12
Last Checked: Oct 7 at 3:16PM
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 Leco Realty, Inc.
Investment Insights
Based on property information with market context.
This medical office property comprises two parcels beneath one roof at 5108 Stage Rd in Memphis. The spaces are being offered together, with no separation, and were previously used for a doctors office. Hand sinks remain in most exam rooms, supporting the existing clinical layout. The building was constructed in 1984 and received a new roof in 2021.
Exterior features include fenced patios, while handicap accessibility is in place. A refrigerator will remain with the property, and some furnishings may also be available for purchase. Phone and internet components are excluded. Ongoing monthly fees cover water, trash pickup, grounds upkeep, and parking lot lighting.
Exterior features include fenced patios, while handicap accessibility is in place. A refrigerator will remain with the property, and some furnishings may also be available for purchase. Phone and internet components are excluded. Ongoing monthly fees cover water, trash pickup, grounds upkeep, and parking lot lighting.
Key Highlights
- Two parcels under one roof: 5108 Stage Unit G1 and G2, offered together
- Previously operated as a doctors office with hand sinks in most exam rooms
- New roof installed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,716
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,320
$414.3K
Cap Rate 7%
$295,943
$295.9K
Cap Rate 9%
$230,178
$230.2K
Market Conditions
NOI Build-Up for 1,354 SF
Gross rent
$32.5K $24.00/SF
− Vacancy
−$4.9K −$3.60/SF
EGI
$27.6K $20.40/SF
− OpEx
−$6.9K −$5.10/SF
NOI
$20.7K $15.30/SF
Area
Memphis, TN
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,320
Cap Rate 7%
$295,943
Cap Rate 9%
$230,178
Alternative Uses
Best Use
Office B
$295.9K
$259.0K – $345.3K
NOI $20,716 @ 7.0% cap · market cap 7.02%
Second Best
Healthcare Medical
$280.3K
$245.3K – $327.1K
NOI $19,624 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$400.2K
$350.2K – $466.9K
NOI $28,012 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38134, TN
41,760
Population
15,685
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
86%
High-School Grad
18.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$61,172
Median Household Income
$39,185
Median Earnings
$1,147
Median Rent
$184,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Memphis, TN
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Similar Off Market Nearby
- Dr. Gerald Blackburn — 2958 Covington Pike, Memphis, TN 38128
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two parcels are offered together with exam-room plumbing, fenced patios, and accessibility features.
Where is this medical office space located?
The property is located at 5108 Stage Rd Memphis, TN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two parcels under one roof: 5108 Stage Unit G1 and G2, offered together; Previously operated as a doctors office with hand sinks in most exam rooms; New roof installed in 2021
