Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Convenient Office Space on Poplar Title is generated by Realmo AI

    5384 Poplar Ave, Memphis, TN 38119

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Accessible Memphis office building with on-site management and renovated amenities.

    Type:Office
    Property size:
    7,220 SF
    Added:
    Dec 9, 2019
    Days on Market:
    2369
    Last Refresh:
    May 19 at 9:27 pm

    Property Features for 5384 Poplar Ave

    General Information

    Standard status
    Active
    Size
    7,220 SF
    Property subtype
    Office

    Spaces For Lease

    at 5384 Poplar Ave Contact us

    We can help!

    Listing Contact
    Don Drinkard

    Listing agent Don Drinkard License #TN 284662

    Listing office CBRE - Memphis

    Listing date Dec 9, 2019

    Source Crexi

    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 CBRE - Memphis

    HighLights

    • Highly accessible location on Poplar Avenue, less than a mile inside the I‑240 Loop.
    • Locally owned and owner‑occupied with on‑site property management ensuring a top‑notch tenant experience.
    • Secured structured parking.
    • Newly renovated restrooms.
    • Easy ingress & egress at adjacent traffic light.
    • Recently renovated top floor common areas with build‑to‑suite options (2,000 sq. ft. – 7,220 sq. ft.).

    Overview

    Located on Poplar Avenue, less than a mile inside the I-240 Loop, the Hobson Building at 5384 Poplar Avenue is an office property in Memphis. The property is locally owned, occupied by the owner and has on-site property management. Tenants have access to secured structured parking and newly renovated restrooms. The location provides easy ingress and egress at an adjacent traffic light and is in close proximity to restaurants. Renovations to the building include fully renovated restrooms in 2013, parking lot and garage updates, and new tenant directory signage. The top floor common areas have been fully renovated and feature build-to-suite options from 2,000 sq. ft. to 7,220 sq. ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carpenter Mary B Foster Care Service Simmons Bank Bank Jim Gordon Jewelers (Bike/Boat/Book/etc) Store Elmer Holder Jeweler (Bike/Boat/Book/etc) Store Claire Ellers Jewelry (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8822169
    Latitude
    35.1073962

    Nearby Similar for Lease

    • $3,995/Mo

      Downtown Memphis Commercial Space

      High-visibility commercial space in Downtown Memphis near new Brooks Museum.
      70 S FRONT St, Memphis, TN 38103
      View Details
    • $650/Mo
      1,240 SF

      Memphis Office Space For Rent

      Class A office space available in Memphis, Tennessee.
      3263 E SARAZENS Cir, Memphis, TN 38125
      View Details
    • $450/Mo

      Affordable Office Space For Rent

      Private office space with utilities included in Memphis, Tennessee.
      1175 VICKERY Ln, Memphis, TN 38016
      View Details
    • $1,500/Mo
      4,170 SF

      Updated Office Suite in Cordova

      Renovated 1,000 sq. ft. office suite near Germantown Parkway.
      811 TIMBER CREEK Dr, Memphis, TN 38018
      View Details
    • Sponsored
      $129-$4,634/Mo
      11-1,292 SF

      TN, Memphis - S Main Street

      107 Main St, Memphis, TN 38103
      View Details
    • $129-$6,406/Mo
      11-1,292 SF

      Southwind Office Center

      8295 Tournament Dr, Unit 150, Memphis, TN 38125
      View Details
    • $1,595/Mo
      4,564 SF

      Versatile Office Space in Memphis

      Office space with modern amenities and easy interstate access.
      6855 RALEIGH-LAGRANGE Rd, Memphis, TN 38134
      View Details
    • $129-$5,426/Mo
      11-1,292 SF

      Triad center I

      6000 Poplar Ave, Unit 250, Memphis, TN 38119
      View Details
    • $129-$4,616/Mo
      11-1,292 SF

      Colonnade

      1661 International Dr, Unit 400, Memphis, TN 38120
      View Details
    • $129-$3,868/Mo
      11-1,292 SF

      Clark Tower

      5100 Poplar Ave, Unit 27TH, Memphis, TN 38137
      View Details
    • $1.00 SF/Yr
      4,756 SF

      Office and Warehouse Facility For Rent

      4,756 SF office and warehouse with yard and parking.
      231 South Parkway West, Memphis, TN 38109
      View Details
    • $1,728/Mo
      1,728 SF

      East Memphis Office Space Available

      1,728 SF office space in East Memphis for lease.
      Duplicate of 668 Colonial Rd, Memphis, TN 38117
      View Details

    FAQs

    What type of property is this?
    Office building - Accessible Memphis office building with on-site management and renovated amenities.
    Where is this office building located?
    The property is located at 5384 Poplar Ave Memphis, TN.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Highly accessible location on Poplar Avenue, less than a mile inside the I‑240 Loop.; Locally owned and owner‑occupied with on‑site property management ensuring a top‑notch tenant experience.; Secured structured parking.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Don Drinkard
    Real Estate License ID: TN 284662
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5384 Poplar Ave, Memphis, TN 38119
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!