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Property profile & analytics
FOR LEASE
Office buildings
6060 Poplar Ave Memphis, TN 38119
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1766665
For Lease
1 / 2
$21,880,000
6060 Poplar Ave, Memphis, TN 38119
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Total area
120,146 SF
Lot
2.7 ac (117,612 SF)
Zoning code
OG
APN
080-024- - -00028
UPID
US80-1766665
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
-
Liberty Mutual Insurance James Abner White Insurance Agency
-
David F. Leake Law Firm
-
IPX1031 - Investment Property Exchange Services, Inc. Financial Advisor
-
Myhr Jr L B Law Firm
-
Merrill Lynch Wealth Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.17M
Comparable Approach
Comparable
$20.90M
Blend (final)
Blend
$21.88M
Owner & transaction history
Poplar Corridor Investments LLC · 4 yrs held
Poplar Corridor Investments LLC
since 2022
4 recorded transactions
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$17.2M
+4.4%
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%
$32,680,000
6.5%
$30,165,000
7%
$28,010,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,460,000
Current use
MEDICAL BUILDING
$17,185,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$21.88M
Range $19.69M – $24.07M · ±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
$182 / 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
$439,982
Tax year 2022
Assessed value
$7,222,720
Assessed 2023
Previous assessed
$7,375,840
-2.1% YoY
Effective rate
6.09%
On assessed value
Assessed land
$1,048,080
Assessed improvement
$6,174,640
Land market value
$2,620,200
Improvement market value
$15,436,600
Total market value
$18,056,800
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 (MULTI-STORY)
Status
For Lease
Year built
1984
Heating
NONE
Cooling
NONE
Stories
2
Total area
120,146 SF
Lot
2.7 ac (117,612 SF)
Zoning code
OG
APN
080-024- - -00028
UPID
US80-1766665
Jurisdiction
SHELBY
Zoning & alternative use
OG · Memphis, TN
Zoning OG · permitted uses
OG · 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
OFFICE BUILDING Current
Est. value
$16.5M
MEDICAL BUILDING
Est. value
$17.2M
OFFICE BUILDING Current
MEDICAL 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
1984
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.7 ac
Current owner
From public records · entity-resolved
Poplar Corridor Investments LLC
Entity
Mailing address
5900 POPLAR AVE STE #100, MEMPHIS, TN 38119-3900
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2025
—
Kristofer D Wilson
—
Deed
related
$344,815 · Carrington Mortgage Services LLC
Jun 16, 2022
—
Poplar Corridor Investments LLC
Woods Weathersby E
Quit Claim Deed
related
—
Mar 23, 2021
—
Elizabeth J Baird
—
Deed
related
$150,000 · Independent Bank
Apr 1, 2020
—
Hrlp,triad Trust
Highwoods Realty LP
Quit Claim Deed
related
—
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.
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