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    5180 Park Ave Memphis, TN 38119

    Sponsored
    For Lease
    $18 SF/Yr

    East Memphis Office Space, 6,000 SF Available

    Lot size:
    37,588 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This three-story, 37,588-square-foot Class B office building, constructed in 1987 and renovated in 2020, offers a variety of traditional, executive, and medical office spaces for lease. Located at 5180 Park Ave, Memphis, TN 38119, near the intersection of S White Station Road and Park Avenue, this property boasts 30 suites, with a minimum divisible space of 100 square feet and a maximum contiguous space of 4,000 square feet. Currently, 6,000 square feet of space is vacant. The building features two elevators and ample parking with 250 spaces, providing convenient access for tenants and visitors. Ground floor suites offer easy accessibility. Many suites include full bathrooms. The building's location in the Poplar Area submarket of East Memphis provides excellent access to major thoroughfares including I-240, Hwy 385, I-40, and I-55, placing it in a vibrant retail, business, and medical area with numerous restaurants and shopping centers nearby. The zoning is commercial. This established and well-known building is ideal for a variety of professional and medical practices.

    Property Features for 5180 Park Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,588 SF
    Class
    B
    Total Rate
    56382

    Building Details

    Year Built/Renovated
    1987/2020
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    1st Floor Suite 175
    Size
    1,607 SF
    Rate per SF
    $18
    Space
    2nd Floor Suite 270
    Size
    862 SF
    Rate per SF
    $18
    Space
    2nd Floor Suite 275
    Size
    1,376 SF
    Rate per SF
    $18
    Space
    2nd Floor Suite 250
    Size
    3,164 SF
    Rate per SF
    $18
    Space
    1st Floor Suite 140
    Size
    1,953 SF
    Rate per SF
    $18
    Space
    First Floor Suite 120
    Size
    2,200 SF
    Rate per SF
    $18
    Space
    2nd Floor Suite 250 A
    Size
    6,000 SF
    Rate per SF
    $18
    Space
    2nd Floor Suite 260
    Size
    2,600 SF
    Rate per SF
    $18

    HighLights

    • 37,588 SF Class B office building, 30 suites, 6,000 SF currently vacant, divisible to 100 SF, max contiguous 4,000 SF.
    • Located at 5180 Park Ave, Memphis, TN 38119, near White Station Rd & Park Ave.
    • Excellent access to I‑240, Hwy 385, I‑40, and I‑55; Poplar Area submarket of East Memphis.
    • 250 parking spaces, two elevators, ground floor accessibility, many suites with full baths.
    • Minutes from public transportation and three major hospitals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Weiss Larry S ... Dentist Professional In Home TV ... Television Repair Service DentalWorks Memphis - Park ... Pediatric Dentist Elizabeth H. Lee, ... Dentist James G. Dietz, ... Dentist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.889648719526
    Latitude
    35.106812799344

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    FAQs

    What type of property is this?
    Medical office - East Memphis Office Space, 6,000 SF Available
    Where is this medical office located?
    The property is located at 5180 Park Ave Memphis, TN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 37,588 SF Class B office building, 30 suites, 6,000 SF currently vacant, divisible to 100 SF, max contiguous 4,000 SF.; Located at 5180 Park Ave, Memphis, TN 38119, near White Station Rd & Park Ave.; Excellent access to I-240, Hwy 385, I-40, and I-55; Poplar Area submarket of East Memphis.
    Request Owner's contact information
    5180 Park Ave Memphis, TN 38119
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    Memphis, TN 38119
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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
    5180 Park Ave Memphis, TN 38119
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