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    1810 Pyramid Pl Memphis, TN 38132

    Sponsored
    For Sale
    $5,500,000

    Two Class A office buildings, 241,225 SF

    Property size:
    241,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two Class A office buildings totaling 241,225 square feet, situated on a 3.59-acre lot in Memphis, Tennessee's Nonconnah Business Park. The property, encompassing 1810 and 1840 Pyramid Place, offers a compelling value-add proposition. Built between 1998 and 2004, these multi-tenant buildings boast 1,063 parking spaces, providing a strong 5.28:1 parking ratio. The secured and gated facility benefits from excellent access to major transportation arteries, including I-240, I-40, I-55, and I-69, as well as proximity to Memphis International Airport, a key cargo hub. Located within an Opportunity Zone, this property presents significant potential for future growth and development. The asking price is $5,500,000, translating to $22.80 per square foot. Seller financing is available. The property's strong asset flexibility and prime location make it an attractive investment for discerning buyers. The buildings are classified as Class A and offer a high degree of adaptability to various tenant needs.

    Property Features for 1810 Pyramid Pl

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    241,225 SF
    Class
    A
    Lot Size
    156,380 SF

    Building Details

    Year Built
    1998
    Buildings
    2

    HighLights

    • Seller financing available.
    • Two Class A office buildings totaling 241,225 square feet.
    • 5.28:1 parking ratio with 1,063 spaces.
    • Secured and gated facility.
    • Strong asset flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boxer Property : 1810 ... Executive Suite Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair 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
    -90.0028287
    Latitude
    35.0733095

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    FAQs

    What type of property is this?
    Office Property / Space - Two Class A office buildings, 241,225 SF
    Where is this office property / space located?
    The property is located at 1810 Pyramid Pl Memphis, TN.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: Seller financing available.; Two Class A office buildings totaling 241,225 square feet.; 5.28:1 parking ratio with 1,063 spaces.
    Request Owner's contact information
    1810 Pyramid Pl Memphis, TN 38132
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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
    1810 Pyramid Pl Memphis, TN 38132
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