Freestanding Retail Building with
For Sale
$2,500,000
5685 Quince Road, Memphis, TN 38119
Existing private offices, conference rooms, and open-area workspace support a flexible commercial layout.
Property Size13,416 SF
Price / SF$186.34
Days on Market120
Property Features for 5685 Quince Road
General Information
Standard status
Active
Size
13,416 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Amenities
ample parking
access to dock door behind building
Building Details
Building Size
13,416 SF
Buildings
1
Listing Agency:
NAI Saig Company - Memphis
Listed By:
Brian Califf, CCIM · License #TN #299669
(901) 830-0421
Source:
Naiglobal
Added: Jun 17
Changed: Oct 14
Last Checked: Oct 12 at 6:23PM
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.
This 13,416-square-foot freestanding retail property combines multiple private offices, conference rooms, and a substantial open area within an existing commercial buildout. The configuration provides a mix of enclosed and open workspace in a single building, with a dock door positioned behind the property for service access.
The building is part of Yorkshire Shopping Center in East Memphis, with ample parking available on site. Its location offers access within minutes of Poplar and I-240, connecting the property to established commercial corridors and regional routes.
The building is part of Yorkshire Shopping Center in East Memphis, with ample parking available on site. Its location offers access within minutes of Poplar and I-240, connecting the property to established commercial corridors and regional routes.
Key Highlights
- 13,416 SF freestanding retail building
- Multiple private offices, conference rooms, and a large open area
- Dock door located behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,265
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,105,300
$4.1M
Cap Rate 7%
$2,932,357
$2.9M
Cap Rate 9%
$2,280,722
$2.3M
Market Conditions
NOI Build-Up for 13,416 SF
Gross rent
$322.0K $24.00/SF
− Vacancy
−$48.3K −$3.60/SF
EGI
$273.7K $20.40/SF
− OpEx
−$68.4K −$5.10/SF
NOI
$205.3K $15.30/SF
Area
Memphis, TN
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,105,300
Cap Rate 7%
$2,932,357
Cap Rate 9%
$2,280,722
Alternative Uses
Best Use
Office B
$2.93M
$2.57M – $3.42M
NOI $205,265 @ 7.0% cap · market cap 8.21%
Second Best
Retail
$1.91M
$1.67M – $2.23M
NOI $133,825 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$3.96M
$3.47M – $4.63M
NOI $277,550 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
573
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
Vacancy Rate% for Office in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Existing private offices, conference rooms, and open-area workspace support a flexible commercial layout.
Where is this retail space located?
The property is located at 5685 Quince Road Memphis, TN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 13,416 SF freestanding retail building; Multiple private offices, conference rooms, and a large open area; Dock door located behind the building
