Versatile Commercial Space in
For Sale
Contact for pricing
526 Cooper Street, Memphis, TN 38104
Prime location suitable for retail, office, or restaurant use.
Property Size6,000 SF
Days on Market238
Property Features for 526 Cooper Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Lease Term
NNN
Site & Location
Neighborhood
Midtown Memphis Development Corp.
Building Details
Building Size
6,000 SF
Year Built
1920
Properties For Sale
at 526 Cooper Street
526 S. Cooper St
Size
6,000 SF
Type
Street Retail
Term
60 months
Listing Agency:
Universal Commercial Real Estate LLC
Listed By:
Darrell Cobbins · License #278933
(901) 503-5917
Source:
Universalcommercial
Added: Mar 6
Changed: Oct 26
Last Checked: Oct 30 at 12:27PM
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 Universal Commercial Real Estate LLC
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Investment Insights
Based on property information with market context.
Located at 526 Cooper Street in Memphis, TN, this commercial space offers a versatile layout suitable for retail, office, or restaurant use. The property features a modern design with abundant natural light, creating an inviting atmosphere. The spacious interior includes high ceilings, customizable floor plans, and premium finishes. Ample storefront windows provide high visibility. Situated between the Cooper-Young and Overton Square neighborhoods, the location is ideal for establishing a thriving business. The surrounding area offers renowned dining options such as Bari, Slider Inn, Cafe 1912, and Alchemy. Attractions including Cooper Young, Overton Square, Memphis Zoo, and Overton Park are nearby. The location provides easy access to Downtown Memphis and Soulsville, offering a blend of business and leisure.
Key Highlights
- Prime location between Cooper‑Young and Overton Square, offering high visibility and access to vibrant neighborhoods.
- Versatile layout suitable for retail, office, or restaurant use.
- Modern design with abundant natural light creating an inviting atmosphere.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,850
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,000
$1.2M
Cap Rate 7%
$855,000
$855.0K
Cap Rate 9%
$665,000
$665.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$90.0K $15.00/SF
− Vacancy
−$4.5K −$0.75/SF
EGI
$85.5K $14.25/SF
− OpEx
−$25.7K −$4.27/SF
NOI
$59.9K $9.98/SF
Area
Memphis, TN
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,000
Cap Rate 7%
$855,000
Cap Rate 9%
$665,000
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,800 @ 7.0% cap · market cap 459,000.00%
Second Best
Specialty Retail
$1.03M
$902.5K – $1.20M
NOI $72,198 @ 7.0% cap · market cap 360,990.00%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,128 @ 7.0% cap · market cap 620,640.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
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Business Placement
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Memphis, TN
Frequently Asked Questions
What type of property is this?
Retail space - Prime location suitable for retail, office, or restaurant use.
Where is this retail space located?
The property is located at 526 Cooper Street Memphis, TN.
What are key features of this property?
This property features: Prime location between Cooper‑Young and Overton Square, offering high visibility and access to vibrant neighborhoods.; Versatile layout suitable for retail, office, or restaurant use.; Modern design with abundant natural light creating an inviting atmosphere.
