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Property profile & analytics
OFF-MARKET
Parking lots & garages

150 Peabody Pl 1 Memphis, TN 38103-3700

204,141 SF 0.73 ac lot Built 2000
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US80-1078752
Property summary
AI-generated overview

This exceptional Class A office space, located at 150 Peabody Place in the heart of downtown Memphis, Tennessee, offers a significant opportunity for businesses seeking a prime location. The property, a single-tenant building, boasts a total of 368,315 square feet, with 82,030 square feet currently available for lease. The space is categorized as Traditional Office and is situated on the corner of Peabody Place and B.B. King Boulevard, providing excellent visibility and accessibility. Its strategic location places it just one block from Beale Street, the FedEx Forum, and the Peabody Hotel, offering unparalleled convenience and proximity to key attractions and amenities. The building features a common area cafeteria and lounge, enhancing employee comfort and collaboration. Secure parking garage access is also provided. Flexible sublease terms are available, with an expiration date of December 31, 2034. The available space ranges from 11,680 square feet to the full 82,030 square feet, allowing for customization to suit various business needs. This property presents a rare opportunity to secure a prestigious address in one of Memphis's most vibrant and desirable business districts within Shelby County. The building's modern amenities and central location make it an ideal choice for companies seeking a high-profile presence in the city.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 2000
Total area 204,141 SF
Lot 0.73 ac (31,886 SF)
Zoning code SE
APN 005-005- -A-00001
UPID US80-1078752
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Vuanita Jones-McArthur, Best Real Estate Company Real Estate Agency
  • Sugar Grits Restaurant
  • ServiceMaster Consumer Services Hardware & Home Improvement
  • Candu HVAC Service General Contractor
  • ZeroTo510 Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hotel Peabody Gp · 1 yrs held
Hotel Peabody Gp
since 2024
1 recorded transaction
2024
$1,000
Zoning & alternative use
SE · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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