Listing Agency: d***@cbre.com Show Phone

Listed By: Don Drinkard Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:11PM

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Investment Insights

Based on property information with market context.

This two-story office building is situated in the East Memphis submarket, with immediate access to I-240. The property offers 937 square feet of office space.

Key Highlights

• Located in the booming East Memphis submarket
• Immediate access to I‑240
• Right off Poplar Avenue

Property Analytics

Property Profile

Current Use

National Insurance Sevices Insurance Agency Davis Professional Bookkeeping ... Tax Preparation A Beneficial Massage Alternative Medicine Practice Lisa Miller Massage Alternative Medicine Practice East Memphis Counseling Counselor

Suggested Use

Top Pick Kitchen & Bath Showroom Storage Facility Electrical Service Barber Shop Garden Center Grocery & Convenience 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.

Lease Details

NNN (Triple Net)

Lease Type

$3.45 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

2,097

Businesses Nearby

Explore this area Business Placement

Demographics for 38119, TN

23,997

Population

10,521

Households

2.3

Avg Household Size

39

Median Age

53%

College-Educated

96%

High-School Grad

8.8 sq mi

ZIP Area

2,727

Density / Sq Mi

$86,325

Median Household Income

$53,068

Median Earnings

$1,336

Median Rent

$279,100

Median Home Value

Market

Lease Benchmarks for Memphis, TN

$19.03 /SF/Yr

Avg Asking Price

$0.7–$35 /SF/Yr

Price Range

26,715 SF

Avg Space Size

This space is priced 21% above the average of $19.03 /SF/Yr.

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 - Two-story office building in booming East Memphis submarket.

Where is this office building located?

The property is located at 5545 Murray Avenue Memphis, TN.

What is the lease rate?

The lease rate is $23 SF/Yr.

What are key features of this property?

This property features: Located in the booming East Memphis submarket; Immediate access to I‑240; Right off Poplar Avenue