Private Standalone Office
For Sale
Contact for pricing
6236 Poplar Avenue, Memphis, TN 38119
Functional workspace with a private entrance, on-site parking, and room for desks, meetings, or storage.
Property Size1,000 SF
Price / SF$439
Days on Market170
Property Features for 6236 Poplar Avenue
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
8
Property subtype
Office
Zoning
OG- Commercial
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$28,227
Building Details
Tenancy
Single
Listing Agency:
Gill Properties Memphis
Listed By:
Frank Dyer III · License #TN 270296
(901) 866-1101
Source:
Crexi
Added: Apr 30
Changed: Oct 10
Last Checked: Oct 14 at 11:35PM
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 Gill Properties Memphis
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit at 6236 Poplar Avenue provides a private, standalone setting with its own entrance and parking. The layout supports desks, meetings, and storage within a practical professional workspace.
The property is zoned OG- Commercial and located in East Memphis at the Poplar Avenue address. Its configuration suits businesses or professionals seeking a self-contained office environment with convenient access for clients and employees.
The property is zoned OG- Commercial and located in East Memphis at the Poplar Avenue address. Its configuration suits businesses or professionals seeking a self-contained office environment with convenient access for clients and employees.
Key Highlights
- Private entrance for a self‑contained office setting
- On‑site parking included
- Functional layout for desks, meetings, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,300
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,000
$306.0K
Cap Rate 7%
$218,571
$218.6K
Cap Rate 9%
$170,000
$170.0K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$24.0K $24.00/SF
− Vacancy
−$3.6K −$3.60/SF
EGI
$20.4K $20.40/SF
− OpEx
−$5.1K −$5.10/SF
NOI
$15.3K $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%
$306,000
Cap Rate 7%
$218,571
Cap Rate 9%
$170,000
Alternative Uses
Best Use
Office B
$218.6K
$191.3K – $255.0K
NOI $15,300 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.5K
$258.6K – $344.8K
NOI $20,688 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,393
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Memphis, TN
Frequently Asked Questions
What type of property is this?
Office units - Functional workspace with a private entrance, on-site parking, and room for desks, meetings, or storage.
Where is this office units located?
The property is located at 6236 Poplar Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Private entrance for a self‑contained office setting; On‑site parking included; Functional layout for desks, meetings, and storage
