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    2400 Poplar Ave Memphis, TN 38112

    For Lease
    $16 SF/Yr

    42,666 SF Office Space Available

    Lot size:
    42,666 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional five-story, 42,666 square foot Class B office building, located at 2400 Poplar Avenue in Memphis, Tennessee's Midtown Submarket, presents a unique investment opportunity. Built in 1963, the property boasts a prime location, conveniently situated between Downtown Memphis and East Memphis, offering easy access to major thoroughfares. The entire building, totaling 42,666 square feet, is currently vacant, providing a blank canvas for a new tenant or a comprehensive redevelopment project. The building features multiple elevator services and key card access for enhanced security. Recent renovations have modernized the lobby, elevators, and common areas, creating a welcoming and professional atmosphere. Exterior lighting and covered parking add to the building's appeal. The property is situated on Poplar Avenue and Williford Street in Shelby County, zip code 38112, offering excellent visibility and accessibility. Individual suites ranging from 1,066 to 4,215 square feet are available, providing flexibility for various business needs. This is an ideal opportunity to acquire a well-located, adaptable office building in a thriving Memphis submarket.

    Property Features for 2400 Poplar Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,666 SF
    Class
    B
    Total Rate
    58665.75

    Building Details

    Year Built
    1963
    Stories
    5

    Unit(s) available at that property

    Space
    Suite 350
    Size
    1,753 SF
    Rate per SF
    $16
    Space
    Suite 240
    Size
    1,066 SF
    Rate per SF
    $16
    Space
    Suite 501
    Size
    2,406 SF
    Rate per SF
    $16
    Space
    Suites 435,436 & 445
    Size
    4,215 SF
    Rate per SF
    $16
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Naca Non-Profit Organization Justice Network, Inc. Consultant Auto Injury Clinic ... Medical Clinic Life Choices Of Memphis Pregnancy Care Center Memphis Injury Clinic Chiropractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9805304
    Latitude
    35.1400262

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    FAQs

    What type of property is this?
    Office Property / Space - 42,666 SF Office Space Available
    Where is this office property / space located?
    The property is located at 2400 Poplar Ave Memphis, TN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    Request Owner's contact information
    2400 Poplar Ave Memphis, TN 38112
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    Memphis, TN 38112
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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
    2400 Poplar Ave Memphis, TN 38112
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