Financial
Distress signals
Property profile

5658 S Rex Rd Memphis, TN 38119

FOR LEASE
Office buildings
Property ID
US80-1012232
5,389 SF 0.37 ac lot Built 1985
Last sale Nov 2024 · $840,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an office space totaling 5,389 square feet, configured for tenant occupancy under a modified gross lease structure. The tenancy is responsible for utilities and interior maintenance, while the landlord covers roof, structure, and exterior/outside maintenance. The office is located approximately one minute from the I-55 Riverside exit, offering nearby access to major highways.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$12k
Tax billed · 2022
Assessed value · 2023$195k
Assessed land$76k
Assessed improvement$119k
Effective rate6.09%

Value estimate

· Sep 2026
$350k
$315k – $385k
Submarket $/SF estimate$567k
NOI build-up
Gross scheduled income$72k
Vacancy & credit loss−$11k
Operating expenses−$15k
NOI · 232,405.06% cap applied$46k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$137/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$105 – $193
Qualifying comparables4

Cap rate analysis

How does the asset earn?
232,405.06%
$46k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OG
B. Office General (OG) The OG District is intended to accommodate a range of more intense professional office uses and a limited range of...
General categoryCIVIC_INSTITUTIONAL
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply24.6
Auto Repair Shop18.5
Auto Parts Store16.1

Location

5658 S Rex Rd Memphis, TN 38119
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5668 Rex, Memphis, TN 38119-3829 $1,085,000 Feb 2026 7,040 SF
1049 Cresthaven, Memphis, TN 38119-3833 $900,000 Jan 2025 6,216 SF
1037 Cresthaven, Memphis, TN 38119-3833 $1,000,050 Mar 2024 5,376 SF
1052 Brookfield, Memphis, TN 38119-3860 $817,000 May 2023 6,080 SF
2233 Lynnfield, Memphis, TN 38119-7238 $2,295,000 Apr 2023 6,424 SF
2215 Lynnfield, Memphis, TN 38119-7238 $2,295,000 Apr 2023 6,424 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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