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Property profile & analytics
FOR LEASE
Office buildings
5400 Poplar Ave Memphis, TN 38119
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-3544934
For Lease
1 / 4
$650,000
5400 Poplar Ave, Memphis, TN 38119
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
45,058 SF
Lot
2.14 ac (93,175 SF)
Zoning code
RW
APN
056-051- - -00036
UPID
US80-3544934
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
-
Cynthia Walko CPA Accounting Firm
-
Jehl Law Group PLLC Law Firm
-
Mauck Media Marketing & Advertising (Bike/Boat/Book/etc) Store
-
McDonald Kuhn PLC Law Firm
-
Geer H Franklin Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
5400 Poplar Ave LLC · 3 yrs held
5400 Poplar Ave LLC
since 2023
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
RW · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$555,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $575k (Feb 17 2023)
Last sale anchor
$575k
Feb 17 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$14 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$140,159
Tax year 2022
Assessed value
$2,300,840
Assessed 2023
Previous assessed
$2,300,840
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$810,320
Assessed improvement
$1,490,520
Land market value
$2,025,800
Improvement market value
$3,726,300
Total market value
$5,752,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
45,058 SF
Lot
2.14 ac (93,175 SF)
Zoning code
RW
APN
056-051- - -00036
UPID
US80-3544934
Jurisdiction
SHELBY
Zoning & alternative use
RW · Memphis, TN
Zoning RW · permitted uses
RW · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
5400 Poplar Ave LLC
Entity
Mailing address
985 CORDOVA STA AVE STE #202, CORDOVA, TN 38018-3105
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
$575,000
5400 Poplar Ave LLC
5400 Poplar LLC
Special Warranty Deed
$4,575,000 · Fidelity Bank NA
Mar 22, 2022
—
Regency Homebuilders LLC
—
Deed
related
$369,600 · Paragon Bank
Jun 27, 2018
—
5400 Poplar LLC
—
Deed
related
$261,145 · Paragon Bk
Sep 22, 2017
—
5400 Poplar LLC
—
Deed
related
$261,145 · Paragon Bk
Aug 4, 2017
—
5400 Poplar LLC
—
Deed
related
$169,050 · Paragon Bk
Jan 31, 2017
$5,680,000
5400 Poplar LLC
Hbam Member Services INC
Grant Deed
$4,260,000 · Paragon Bk
Sep 3, 2014
$4,350,000
Hbam Member Services INC
Ppm Xii LP
Grant Deed
$4,080,000 · Paragon Bk
Jan 3, 2006
$5,050,000
Ppm Xii
Is Fountain Place LLC
Warranty Deed
$4,000,000 · General Electric Capital Corp
Mar 9, 2005
$4,500,000
Is Fountain Place LLC
Triad Props Holdings-poplar Ll
Grant Deed
$3,010,000 · Comerica Bank
Mar 10, 1999
—
Triad Properties Holdings Popl
Massachusetts Mutual Life Ins
Quit Claim Deed
related
$3,056,000 · Southtrust Bank NA
—
—
Triad Props Holdings-poplar Ll
—
Deed Of Trust
related
$255,041 · Southtrust Bank NA
—
—
Hbam Member Services INC
—
Deed Of Trust
related
$267,735 · Paragon Bk
—
—
5400 Poplar LLC
—
Deed Of Trust
related
$169,050 · Paragon Bk
—
—
5400 Poplar LLC
—
Loan Modification
related
$261,145 · Paragon Bk
—
—
5400 Poplar LLC
—
Loan Modification
related
$261,145 · Paragon Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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