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    150 Peabody Pl Memphis, TN 38103

    For Lease
    Contact for pricing

    Class A Office, 82,030 SF Available

    Lot size:
    368,315 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A office space, located at 150 Peabody Place in the heart of downtown Memphis, Tennessee, offers a significant opportunity for businesses seeking a prime location. The property, a single-tenant building, boasts a total of 368,315 square feet, with 82,030 square feet currently available for lease. The space is categorized as Traditional Office and is situated on the corner of Peabody Place and B.B. King Boulevard, providing excellent visibility and accessibility. Its strategic location places it just one block from Beale Street, the FedEx Forum, and the Peabody Hotel, offering unparalleled convenience and proximity to key attractions and amenities. The building features a common area cafeteria and lounge, enhancing employee comfort and collaboration. Secure parking garage access is also provided. Flexible sublease terms are available, with an expiration date of December 31, 2034. The available space ranges from 11,680 square feet to the full 82,030 square feet, allowing for customization to suit various business needs. This property presents a rare opportunity to secure a prestigious address in one of Memphis's most vibrant and desirable business districts within Shelby County. The building's modern amenities and central location make it an ideal choice for companies seeking a high-profile presence in the city.

    Property Features for 150 Peabody Pl

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    368,315 SF

    Unit(s) available at that property

    Space
    Size
    82,030 SF

    HighLights

    • Class A office space, 368,315 total square feet, 82,030 square feet available for lease.
    • Located at 150 Peabody Place, downtown Memphis, corner of Peabody Place & B.B. King Boulevard.
    • One block from Beale Street, FedEx Forum, and Peabody Hotel.
    • Traditional office space with common area cafeteria and lounge, secure parking.
    • Flexible sublease terms available, expiring December 31, 2034; space divisible from 11,680 to 82,030 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vuanita Jones-McArthur, Best ... Real Estate Agent Sugar Grits Restaurant ServiceMaster Consumer Services Cleaning Service Candu Hvac Contractor ZeroTo510 Business Development Service

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0520541
    Latitude
    35.1411338

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, 82,030 SF Available
    Where is this office property / space located?
    The property is located at 150 Peabody Pl Memphis, TN.
    What are key features of this property?
    This property features: Class A office space, 368,315 total square feet, 82,030 square feet available for lease.; Located at 150 Peabody Place, downtown Memphis, corner of Peabody Place & B.B. King Boulevard.; One block from Beale Street, FedEx Forum, and Peabody Hotel.
    Request Owner's contact information
    150 Peabody Pl Memphis, TN 38103
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    Memphis, TN 38103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 Peabody Pl Memphis, TN 38103
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