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Property profile & analytics
FOR LEASE
Office buildings

6000 Poplar Ave 250 Memphis, TN 38119

162,614 SF 3.31 ac lot Built 1986
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-1976540
Property summary
AI-generated overview

This Class A Memphis office building, Regus Triad Centre I, located at 6000 Poplar Avenue, Suite 250, offers a variety of flexible workspace solutions. The 15,538 square foot building boasts 350 total suites, with 5,970 square feet currently vacant. Ideal for businesses seeking executive office space, coworking arrangements, or creative office environments, this property caters to diverse needs. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, making it suitable for both small startups and larger enterprises. Renovated in 2019, the building features modern amenities including elevators and secure card access. Its convenient location near Germantown, a short 20-minute drive from Downtown Memphis, and proximity to I-240 ensures easy access for employees and clients. An attached parking deck provides ample and secure parking. The building's location places it within Shelby County, Tennessee, zip code 38119, and offers a professional environment near prominent financial and legal firms. This property presents a unique opportunity to establish a presence in a thriving Memphis business hub. The building offers a range of options for multiple tenants.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1986
Total area 162,614 SF
Lot 3.31 ac (144,053 SF)
Zoning code OG
APN 080-024- - -00029
UPID US80-1976540
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
  • Paradigm Realty Advisors Real Estate Agency
  • New American Funding - Virginia Ellison Loan Service Bank
  • Robert L. Hutton Law Firm
  • Ambient Office Technologies Solutions Tech Support Center (Bike/Boat/Book/etc) Store
  • FREEDOM TAX LLC Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$26.38M
Blend (final) Blend
$21.58M
Owner & transaction history
Favor Of Financial Federal Bank · 4 yrs held
Favor Of Financial Federal Bank
since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2022
$231,000
2022
$415,000
2021
Price N/A
2021
Price N/A
2020
Price N/A
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $23.3M +4.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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