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Property profile & analytics

5118 Park Ave Memphis, TN 38117-5720

  • Office buildings
  • 80,112 SF
  • 1.70 lot acres
OFF-MARKET
Value Estimation
Last Sale
Dec 20, 2022
$49,100,000
Location Intelligence
Property ID
US80-1950238
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Memorial Gardens Insurance Services an independent agency of Lincoln Heritage Funeral Advantage / Life Insurance Agency
  • TRANSAMERICA TIRE CO.,LTD / Marketing Agency
  • Van Duren Leigh K MD / Psychiatrist
  • Memphis Counseling Center Inc / Family Counselor
  • Smith-Berclair Insurance / Auto Insurance Agency

Property Details for 5118 Park Ave

Year built
1984
Lot size
1.70 lot acres
Property size
80,112 SF
Zone code
CMU-3
Property type
Office buildings
APN
067-001- - -00061
APU
6700100061

Description

This exceptional office building, the Eastgate Office Building, presents a fantastic opportunity for businesses seeking flexible and conveniently located space in the heart of East Memphis. Situated at 5118 Park Ave, Memphis, TN 38117, this traditional office building offers a variety of suite sizes, ranging from a compact 189 square feet to expansive spaces up to 5,423 square feet, with a total of 22 spaces currently available. The building boasts ample parking for tenants and visitors, a significant advantage in this busy area. Its central location provides excellent access to major thoroughfares like Poplar Avenue and I-240, ensuring easy commutes for employees and clients. Furthermore, the property benefits from its proximity to a wealth of amenities, including a wide selection of shopping, dining, and hospitality options. The building also offers the potential for prominent building signage, providing excellent visibility and brand recognition. This is an ideal location for businesses seeking a professional and accessible workspace in a thriving East Memphis commercial district. The building is located in Shelby County, Tennessee.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-89.8912
Latitude
35.1075
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$44,766
$262,800
$472,080
$734,880
-
$657,000
$1,180,200
$1,837,200
More about this property
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