122 Gayoso Ave Memphis, TN 38103
This exceptional commercial property, Van Vleet Flats, offers 11,197 square feet of Class A office space in the heart of Downtown Memphis, Tennessee. Located at 122 Gayoso Avenue, zip code 38103, this property boasts a prime location, steps away from Main Street and directly across from the Peabody Hotel. The space is currently configured as a single unit but can be subdivided to approximately 6,000 square feet, offering flexibility for various business needs. The property type is listed as Retail and Office, with subtypes including Creative Office and Traditional Office, making it suitable for a wide range of tenants. The building features convenient on-site parking in an attached garage and a fitness center for tenant use. The vibrant Downtown Memphis area provides easy access to hundreds of restaurants, shops, and entertainment options. This space is ideally suited for businesses in advertising, marketing, branding, or corporate back-office functions. The current tenancy is a sublease, expiring December 31, 2030, however, the landlord may consider a direct lease. This presents a unique opportunity to secure a highly desirable office space in a thriving urban environment. Shelby County location provides access to a strong workforce and excellent infrastructure.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.