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Property profile & analytics
FOR LEASE
Office buildings

6077 Primacy Pkwy Memphis, TN 38119

129,104 SF 7.98 ac lot Built 1981
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US80-3372720
Property summary
AI-generated overview

Primacy I, a four-story, 123,859 square foot office building in Shelby County's East submarket, offers a variety of traditional, medical, and creative office spaces. Built in 1980 and extensively renovated in 2023, this single building property boasts 13,759 square feet of immediately available space, with suites ranging from 1,809 to 3,661 square feet. The building features 526 parking spaces and elevators for convenient access. On-site amenities include a management and leasing office, on-site security, and a fitness center. Enjoy panoramic views of the Lichterman Nature Center from select suites. The property's gated entrance ensures security and peace of mind. Its strategic location provides easy access to major thoroughfares like Poplar Avenue and Nonconnah Parkway, as well as quick commutes to Germantown (5 minutes) and Memphis International Airport (12 minutes). A bus line also serves the property, enhancing accessibility. Signage opportunities are available on-site. This is an exceptional opportunity for businesses seeking a well-maintained, conveniently located, and amenity-rich office space in a thriving East Memphis submarket.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Total area 129,104 SF
Lot 7.98 ac (347,609 SF)
Zoning code OG
APN 081-004- - -00017
UPID US80-3372720
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
  • MSK Group, P.C. Medical Clinic
  • Coolidge & Co LLC Financial Advisor
  • Capital Realty Services Real Estate Agency
  • Lakecrest Title LLC Title Company
  • Relocation Management Worldwide Inc Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$17.69M
Blend (final) Blend
$15.01M
Owner & transaction history
Primacy One LLC · 4 yrs held
Primacy One LLC
since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2019
Price N/A
2018
Price N/A
2003
Price N/A
2003
$12.9M
2003
$380,000
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $18.5M +4.4%
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