6242 Poplar Ave Memphis, TN 38119-4730
- Office Properties & Spaces
- 4,000 SF
- 0.14 lot acres
Current Use by Public Records
- Hearing & Balance Centers of West Tennessee / Hearing Aid Store / Audiologist
- Kaitlyn Tidwell / Audiologist
- Oticon Hearing Aids / Association / Organization
- Blink Research Center, LLC / Research Institute / Eye Care Center
Property Details for 6242 Poplar Ave
- Year built
- 1982
- Lot size
- 0.14 lot acres
- Property size
- 4,000 SF
- Zone code
- OG
- Property type
- Office Properties & Spaces
- APN
- 080-008- - -00269
- APU
- 8000800269
Description
This Class A, 4,000 square foot executive office building, constructed in 1982, boasts 100% occupancy and a strong 7.50% capitalization rate. Generating a net operating income (NOI) of $79,000 annually, this property presents a compelling investment opportunity. Situated in the Poplar Briarcrest Office Village in East Memphis, Tennessee, the building benefits from a prime location directly north of Poplar Avenue, providing convenient access to I-240. The surrounding area is densely populated with medical, dental, legal, and insurance offices, creating a strong tenant base and high demand for office space. The property's strategic location also places it within easy reach of a wide array of retail amenities, including Target, J. Crew Factory, Oak Hall, and numerous restaurants and cafes such as Chick-Fil-A, Kroger, Starbucks, and many more. High traffic counts on Poplar Avenue (40,633 AADT) and I-240 (14,133 AADT) further enhance the property's visibility and accessibility. This fully leased asset offers a stable income stream and significant potential for future growth, making it an ideal addition to any investment portfolio. The property is located at 6242 Poplar Ave, Memphis, TN 38119.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $770,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $950,000
- 6.5%
- $980,000
- 7%
- $1,015,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $930,000
- Geo Method
- $980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,015,000
- Retail
- $1,145,000
- Mixed-Use
- $1,045,000
- Hospitality
- $1,135,000
- Educational
- $895,000
- Residential Income
- $1,045,000
- Energy
- $1,060,000
- Income-Based Land
- $1,130,000
- Food Service
- $935,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8551
- Latitude
- 35.1018
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
