Property profile

1850 Poplar Crst Cv Memphis, TN 38119

OFF-MARKET
Office Spaces
Property ID
US80-1767293
9,558 SF 0.14 ac lot Built 1984
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,800 square foot traditional office space is available for lease in Memphis, Tennessee. Located at 1850 Poplar Crest Cove, in Shelby County (zip code 38119), this second-floor walk-up office boasts a highly desirable location between Germantown and East Memphis. The space is currently vacant and ready for immediate occupancy. The building offers convenient front door parking, a significant advantage for both employees and clients. The property is classified as a multi-tenant building, providing a professional and collaborative environment. This traditional office space is ideal for a variety of businesses seeking a well-situated and easily accessible location. The 1,800 square feet provide ample room for various office configurations to suit individual business needs. Interested parties are encouraged to inquire about lease terms and conditions. The property's address is 1850 Poplar Crest Cove, Memphis, TN 38119. Its convenient location and move-in ready condition make this an attractive opportunity for businesses seeking a productive and accessible workspace.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1984
Total area 9,558 SF
Lot 0.14 ac (6,186 SF)
Zoning code R-15
APN 081-009- -C-00002-C
UPID US80-1767293

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Law Firm
  • Real Estate Agency
  • Law Firm

Location

1850 Poplar Crst Cv Memphis, TN 38119-4877
Memphis metro Census 21320 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.27M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$1.39M

Owner & transaction history

since 2022
Last sale
$1.8M
6 recorded transactions
2022
$1.8M
2021
$1.4M
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-15 · Memphis, TN
Zoning description

1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture.…

General category RESIDENTIAL
Top alternative use upside
Medical building $1.4M +4.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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