Renovated Office
5880 Ridge Bend Rd, Memphis, TN 38120
For Sale
$2,550,000
Built in 2006 and updated in 2021, the property combines private offices, open workspace, conference rooms, and on-site parking.
Property Size10,000 SF
Days on Market103
Property Features for 5880 Ridge Bend Rd
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Amenities
conference rooms
generator
attic storage
Building Details
Building Size
Year Built
Year Renovated
Buildings
Listing Agency:
NAI Saig Company
Listed By:
Jeff Higdon, SIOR
Source:
Commercialcafe
Added: Jul 30
Changed: Nov 8
Last Checked: Oct 30 at 10:49AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$153,000
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,060,000
$3.1M
Cap Rate 7%
$2,185,714
$2.2M
Cap Rate 9%
$1,700,000
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$240.0K $24.00/SF
− Vacancy
−$36.0K −$3.60/SF
EGI
$204.0K $20.40/SF
− OpEx
−$51.0K −$5.10/SF
NOI
$153.0K $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%
$3,060,000
Cap Rate 7%
$2,185,714
Cap Rate 9%
$1,700,000
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $206,880 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Memphis
Vacancy Rate% for Office in Memphis, TN
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 $2,550,000.
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
