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Two-Story Office Building For Rent
For Lease
$16.50 SF/Yr

5901 Shelby Oaks Drive, Memphis, TN 38134

Two-story office building with access to I-40 and I-240.

Space Size2,294 SF - 4,980 SF
Days on Market279

Property Features for 5901 Shelby Oaks Drive

General Information

Standard status Active
Size 2,294 SF - 4,980 SF
Property subtype Office

Spaces For Lease

at 5901 Shelby Oaks Drive Contact us

Suite 245

Size
4,980 SF
Type
Office
Availability
Available
Contact us

Suite 280

Size
2,294 SF
Type
Office
Availability
Available
Contact us
Listing Agency: CBRE | Memphis
Listed By: Don Drinkard · License #273719
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 25 Last Checked: Aug 26 at 5:39AM

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.

This two-story office building is located in the NE Submarket and offers access to I-40 and I-240. The property has a size of 7,274 square feet.

Key Highlights

  • Great access to I‑40 and I‑240
  • Located in the NE Submarket
  • 2 Story office building

Property Analytics

Current Use

Belz Investco Property Management Company RGIS Inventory Specialists Business To Business Service CLP Resources Employment Agency Waste Connections, Inc. Waste Management Facility Bond Johnson & Bond: ... Accounting Firm

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Skin Care Clinic Electrical Service 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
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

713
Businesses Nearby

Demographics for 38134, TN

41,760
Population
15,685
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
86%
High-School Grad
18.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$61,172
Median Household Income
$39,185
Median Earnings
$1,147
Median Rent
$184,400
Median Home Value

Market

Lease Benchmarks for Memphis, TN

$21.61 /SF/Yr
Avg Asking Price
$10.63–$35 /SF/Yr
Price Range
26,723 SF
Avg Space Size

This space is priced 24% below the average of $21.61 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Two-story office building with access to I-40 and I-240.
Where is this office building located?
The property is located at 5901 Shelby Oaks Drive Memphis, TN.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: Great access to I‑40 and I‑240; Located in the NE Submarket; 2 Story office building
More about this property
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