5100 Poplar Ave Memphis, TN 38137
- Office buildings
- 1,172,656 SF
- 7.79 lot acres
Current Use by Public Records
- Pure Dairy Inc. / Dairy Supplier
- Memphis Plumbing / Plumber
- JDSII Financial Advisors / Financial Planner / Bookkeeping Service
- Hydrate Diamonds & Watches / Jewelry Store
- First Alliance Bank / Financial Consultant / Loan Agency
Property Details for 5100 Poplar Ave
- Year built
- 1973
- Lot size
- 7.79 lot acres
- Property size
- 1,172,656 SF
- Zone code
- CMU-3
- Property type
- Office buildings
- APN
- 056-033- - -00237
- APU
- 5603300237
Description
This exceptional 3,920 square foot office space is available for sublease in a prime Memphis location at 5100 Poplar Avenue, zip code 38137, Shelby County, Tennessee. The property is a single-tenant occupancy, previously used as a bank branch, and boasts a highly desirable drive-through facility. This offers significant convenience for customers and potential for various business uses. The space benefits from a high-visibility retail presence, ensuring excellent exposure to a large volume of traffic. Ample parking is provided with eight dedicated spaces for employees and clients. The sublease agreement extends until February 28th, 2028, offering a substantial lease term for the prospective tenant. The property's location in Memphis, Tennessee, provides easy access to major transportation routes and a thriving business community. This turnkey solution presents a unique opportunity for businesses seeking a well-established, visible location with convenient amenities. The space is ready for immediate occupancy, eliminating the need for extensive renovations or build-outs. Interested parties are encouraged to inquire promptly to secure this exceptional sublease opportunity. The property's coordinates are 35.112903 latitude and -89.8917299 longitude.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $29,795,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $37,300,000
- 6.5%
- $36,310,000
- 7%
- $36,880,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $32,990,000
- Geo Method
- $32,130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $40,600,000
- Retail
- $32,930,000
- Mixed-Use
- $38,370,000
- Hospitality
- $32,465,000
- Educational
- $40,340,000
- Residential Income
- $41,195,000
- Energy
- $36,780,000
- Income-Based Land
- $40,255,000
- Food Service
- $37,375,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8918
- Latitude
- 35.1126
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA