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Property profile & analytics
FOR LEASE
Banks
5575 Poplar Ave Memphis, TN 38119
Individually Owned
4-yr Hold
Free & Clear
Property ID
US80-1589162
For Lease
$5,710,000
5575 Poplar Ave, Memphis, TN 38119
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2021
Total area
46,216 SF
Lot
2.71 ac (118,004 SF)
Zoning code
CMU-3
APN
056-060- - -00001-C
UPID
US80-1589162
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
-
Lyle Joseph K DDS Dental Office
-
Wasson Orthodontics Dental Office
-
Heegel Cliff PhD Physician Medical Clinic
-
Peden John Insurance Agency
-
Michael L. Bates, Attorney at Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.71M
Blend (final)
Blend
$5.71M
Owner & transaction history
Economic Dev Growth Engine Industri · 4 yrs held
Economic Dev Growth Engine Industri
since 2021
7 recorded transactions
Zoning & alternative use
CMU-3 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$7,705,000
Current use
MEDICAL BUILDING
$6,610,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$6,330,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.71M
Range $5.14M – $6.28M · ±10%
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
$124 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$41,064
Tax year 2021
Previous assessed
$5,012,560
Land market value
$2,030,300
Improvement market value
$10,501,100
Total market value
$12,531,400
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
2021
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
46,216 SF
Lot
2.71 ac (118,004 SF)
Zoning code
CMU-3
APN
056-060- - -00001-C
UPID
US80-1589162
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.3M
FINANCIAL BUILDING Current
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.71 ac
Current owner
From public records · entity-resolved
Economic Dev Growth Engine Industri
Individual
Free & Clear · 4 yrs held
Mailing address
5264 POPLAR AVE, MEMPHIS, TN 38119-3514
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2025
—
Christopher Robertson
—
Deed
related
$235,000 · Renasant Bank
Jun 10, 2024
—
Jameliah Shorter Bourhanou
—
Deed
related
$7,050 · Renasant Bank
Jun 7, 2022
—
Recency Homebuilders LLC
—
Deed
related
$264,000 · Renasant Bank
Dec 15, 2021
—
Russell Lance Kruchten
—
Deed
related
$49,000 · Renasant Bank
Sep 10, 2021
—
Economic Dev Growth Engine Industri
Yorkshire Properties LP
Special Warranty Deed
—
Nov 14, 2014
$3,850,000
Yorkshire Properties LP
Hackmeyer,f William JR
Grant Deed
—
Sep 9, 2014
—
F William Hackmeyer JR.
Hackmeyer Partners
Quit Claim Deed
related
—
—
—
Yorkshire Properties LP
—
Deed Of Trust
related
$3,100,000 · Renasant 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
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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