Listing Agency: AiCRE Partners

Listed By: Bryant Hoover · License #775999

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 11:26PM

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Investment Insights

Based on property information with market context.

This office building contains 6,308 SF and is offered for sale. The property is located at 5247 Airways Blvd in Memphis, Tennessee, with ZIP code 38116.

The listing identifies a 4.92% CAP rate, providing a specific investment metric for evaluation. No additional building, site, or occupancy details are provided.

Key Highlights

• 6,308 SF office building
• 4.92% CAP rate
• 5247 Airways Blvd, Memphis, TN 38116

Property Analytics

Current Use

DaVita Airways Dialysis Medical Clinic

Suggested Use

Top Pick Building Supply Dental Office Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Auto Parts Store

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

53

Businesses Nearby

Explore this area Business Placement

Demographics for 38116, TN

39,107

Population

18,526

Households

2.1

Avg Household Size

35

Median Age

21%

College-Educated

88%

High-School Grad

19.6 sq mi

ZIP Area

1,995

Density / Sq Mi

$44,663

Median Household Income

$31,593

Median Earnings

$1,035

Median Rent

$125,800

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

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Frequently Asked Questions

What type of property is this?

Office building - Office property offered for sale with a defined investment profile.

Where is this office building located?

The property is located at 5247 Airways Blvd Memphis, TN.

What are key features of this property?

This property features: 6,308 SF office building; 4.92% CAP rate; 5247 Airways Blvd, Memphis, TN 38116