Northeast Memphis Business
For Lease
$12 SF/Yr
5125 & 5175 Elmore Road 5115 Covington Way 2170 & 2175 Business Center Drive 2165 Spicer Cove, Memphis, TN 38134
Office and showroom/warehouse spaces available in Memphis, Tennessee.
Space Size2,177 SF - 5,250 SF
Property Size131,000 SF
Days on Market268
Property Features for 5125 & 5175 Elmore Road 5115 Covington Way 2170 & 2175 Business Center Drive 2165 Spicer Cove
General Information
Standard status
Active
Size
2,177 SF - 5,250 SF
Property subtype
Industrial
Lease Term
MG
Building Details
Building Size
131,000 SF
Year Built
1987
Spaces For Lease
at 5125 & 5175 Elmore Road 5115 Covington Way 2170 & 2175 Business Center Drive 2165 Spicer Cove Contact us- Size
- 2,177 SF
- Term
- Negotiable
2165 Spicer Cove $12/SF/Yr
- Size
- 5,250 SF
- Term
- Negotiable
2165 Spicer Cove $12.64/SF/Yr
- Size
- 3,360 SF
- Type
- Flex Space
- Term
- Negotiable
2170 Business Center Dr $12.50/SF/Yr
Listing Agency:
NAI Saig Company - Memphis
(901) 830-0421
Listed By:
Brian Califf, CCIM · License #TN #299669
(901) 830-0421
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 15 at 5:01AM
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
Investment Insights
Based on property information with market context.
Perimeter Point Business Center is a 131,000 square-foot business park located in Northeast Memphis. The six-building campus offers office, showroom, and warehouse spaces with grade-level and roll-up doors. Available spaces range from small one-to-two-person offices starting at 250 square feet to small to mid-sized office/flex spaces with warehouse components ranging from 1,000 to 9,000 square feet. The property provides ample parking and is centrally located to service the Memphis Metropolitan Statistical Area. Situated within the block formed by Covington Way, Elmore Road, and Spicer Cove, the location offers convenient access to the intersection of I-240 and I-40 off Covington Pike, making it suitable for a regional sales and service office. The property is professionally and locally managed.
Key Highlights
- Convenient location near the intersection of I‑240 and I‑40, providing easy access.
- Versatile space options including office, showroom, and warehouse spaces ranging from 1,000 to 9,000 SF.
- Small office spaces available, starting at 250 SF.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Balanced
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
Market
Lease Benchmarks for Memphis, TN
$10.61 /SF/Yr
Avg Asking Price
$7.5–$13.93 /SF/Yr
Price Range
18,021 SF
Avg Space Size
This space is priced 13% above the average of $10.61 /SF/Yr.
Vacancy Rate% for Office in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and showroom/warehouse spaces available in Memphis, Tennessee.
Where is this flex space located?
The property is located at 5125 & 5175 Elmore Road 5115 Covington Way 2170 & 2175 Business Center Drive 2165 Spicer Cove Memphis, TN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Convenient location near the intersection of I‑240 and I‑40, providing easy access.; Versatile space options including office, showroom, and warehouse spaces ranging from 1,000 to 9,000 SF.; Small office spaces available, starting at 250 SF.
