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Two-Story Office Building Available
For Lease
$23 SF/Yr

5545 Murray Avenue, Memphis, TN 38119

Two-story office building with 568 square feet available for rent.

Space Size482 SF - 568 SF
Days on Market187

Property Features for 5545 Murray Avenue

General Information

Standard status Active
Size 482 SF - 568 SF
Property subtype Office

Spaces For Lease

at 5545 Murray Avenue Contact us

Suite 120 Available

Size 544 SF
Type Office
Contact us

Suite 205 Available

Size 482 SF
Type Office
Contact us

Suite 206 Available

Size 568 SF
Type Office
Contact us
Listed By: Don Drinkard
Source: Cbre
Added: Apr 15 Changed: Oct 15 Last Checked: Oct 16 at 7:51AM

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 Don Drinkard

Rey
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Investment Insights

Based on property information with market context.

This is a two-story office building with a property size of 568 square feet.

Key Highlights

  • 2‑Story Office building

Property Analytics

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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 Electrical Service Storage Facility 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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Memphis, TN

$21.17 /SF/Yr
Avg Asking Price
$16.5–$24 /SF/Yr
Price Range
18,895 SF
Avg Space Size

This space is priced 9% above the average of $21.17 /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

Frequently Asked Questions

What type of property is this?
Office building - Two-story office building with 568 square feet available for rent.
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: 2‑Story Office building
More about this property
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