Renovated Office
For Sale
Contact for pricing
5880 Ridge Bend Rd, Memphis, TN 38120
Built in 2006 and updated in 2021, the property combines private offices, open workspace, conference rooms, and on-site parking.
Property Size9,255 SF
Price / SF$300
Days on Market170
Property Features for 5880 Ridge Bend Rd
General Information
Standard status
Active
Size
9,255 SF
Total Parking Spaces
42
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
conference rooms
generator
attic storage
Building Details
Year Built
2006
Year Renovated
2021
Buildings
1
Listing Agency:
CBRE | Memphis
(901) 496-9879
Listed By:
Don Drinkard, Jr.
(901) 496-9879
Source:
Moodyscre
Added: Feb 12
Changed: Jul 31
Last Checked: Jul 31 at 1:52PM
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 CBRE | Memphis
Investment Insights
Based on property information with market context.
Located at 5880 Ridge Bend Rd in East Memphis, this 9,255-square-foot office building was built in 2006 and renovated in 2021. The layout includes exterior offices, open work space, several conference rooms, attic storage, and 42 parking spaces. A 22KW generator is also included.
The property provides access to Poplar Avenue and I-240, with Memphis International Airport and nearby dining, banking, and fitness amenities serving the surrounding business area. Its office configuration supports a range of professional workplace requirements, with a mix of private and collaborative spaces for day-to-day operations.
The property provides access to Poplar Avenue and I-240, with Memphis International Airport and nearby dining, banking, and fitness amenities serving the surrounding business area. Its office configuration supports a range of professional workplace requirements, with a mix of private and collaborative spaces for day-to-day operations.
Key Highlights
- 9,255‑square‑foot office building at 5880 Ridge Bend Rd
- Built in 2006 and renovated in 2021
- Exterior offices, open work space, and several conference rooms
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $222.1k | $24.00 |
| − Vacancy | −$33.3k | −$3.60 |
| EGI | $188.8k | $20.40 |
| − OpEx | −$47.2k | −$5.10 |
| NOI | $141.6k | $15.30 |
9,255 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.02M
$1.77M – $2.36M
NOI $141,602 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.39M – $3.19M
NOI $191,467 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Explore this area
Business Placement
Demographics for 38120, TN
14,536
Population
6,785
Households
2.1
Avg Household Size
44
Median Age
71%
College-Educated
98%
High-School Grad
9.6 sq mi
ZIP Area
1,514
Density / Sq Mi
$119,309
Median Household Income
$62,370
Median Earnings
$1,552
Median Rent
$421,500
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?
Office building - Built in 2006 and updated in 2021, the property combines private offices, open workspace, conference rooms, and on-site parking.
Where is this office building located?
The property is located at 5880 Ridge Bend Rd Memphis, TN.
What is the asking price?
The asking price for this property is $2,776,500.
What are key features of this property?
This property features: 9,255‑square‑foot office building at 5880 Ridge Bend Rd; Built in 2006 and renovated in 2021; Exterior offices, open work space, and several conference rooms
