Financial
Distress signals
Property profile

6263 Poplar Ave Memphis, TN 38119

FOR LEASE
Office buildings
Property ID
US80-1114468
117,486 SF 2.19 ac lot Built 1973
Last sale Jun 2024 · $10,263,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Poplar Towers offers 102,040 square feet of Class B office space in a single, one-story building located at 6263 Poplar Avenue in Memphis, Tennessee, zip code 38119. Built in 1974, this property features 10 total suites, with nine currently available, ranging from a minimum of 890 square feet to a maximum contiguous space of 2,361 square feet. A total of 12,961 square feet is currently vacant and ready for immediate occupancy. The building boasts convenient front door parking and three

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$201k
Tax billed · 2023
Assessed value · 2024$3.31M
Assessed land$857k
Assessed improvement$2.45M
Effective rate6.09%

Value estimate

· Sep 2026
$10.27M
$9.24M – $11.29M
AI approach$10.27M
Submarket $/SF estimate$12.35M
NOI build-up
Gross scheduled income$2.45M
Vacancy & credit loss−$367k
Operating expenses−$520k
NOI · 6,938,720.00% cap applied$1.56M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$137/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$105 – $193

Cap rate analysis

How does the asset earn?
6,938,720.00%
$1.56M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OG
B. Office General (OG) The OG District is intended to accommodate a range of more intense professional office uses and a limited range of...
General categoryCIVIC_INSTITUTIONAL
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply24.5
Auto Parts Store19.2
Auto Repair Shop19.1

Location

6263 Poplar Ave Memphis, TN 38119
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5668 Rex, Memphis, TN 38119-3829 $1,085,000 Feb 2026 7,040 SF
1080 Brookfield, Memphis, TN 38119-3834 $1,375,457 Mar 2024 7,140 SF
1755 Lynnfield, Memphis, TN 38119-7243 $225,000 Sep 2023 85,552 SF
5645 Murray, Memphis, TN 38119-3831 $3,500,000 Jul 2023 14,000 SF
5400 Poplar, Memphis, TN 38119-3698 $575,000 Feb 2023 45,058 SF
5821 Park, Memphis, TN 38119-5134 $2,600,000 Apr 2022 16,863 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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