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Property profile & analytics
FOR LEASE
Office buildings
6263 Poplar Ave Memphis, TN 38119
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1114468
For Lease
1 / 14
$22.50 SF/Yr
6263 Poplar Ave, Memphis, TN 38119
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Property summary
AI-generated overview
Poplar Towers offers 102,040 square feet of Class B office space in a single, one-story building located at 6263 Poplar Avenue in Memphis, Tennessee, zip code 38119. Built in 1974, this property features 10 total suites, with nine currently available, ranging from a minimum of 890 square feet to a maximum contiguous space of 2,361 square feet. A total of 12,961 square feet is currently vacant and ready for immediate occupancy. The building boasts convenient front door parking and three passenger elevators for easy access. The property is situated in the heart of East Memphis, offering excellent visibility and accessibility. Ideal for businesses seeking executive office space in a well-established location, Poplar Towers provides a functional and convenient workspace. The property is located in Shelby County and is easily accessible from major roadways. This is a multiple tenancy building.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1973
Total area
117,486 SF
Lot
2.19 ac (95,440 SF)
Zoning code
OG
APN
081-006- - -00018
UPID
US80-1114468
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
-
Jeweler's Choice Inc (Bike/Boat/Book/etc) Store
-
Memphis Nutrition Group, LLC Physician
-
Coldwell Banker Collins-Maury REALTORS Real Estate Agency
-
RIB Software (Bike/Boat/Book/etc) Store Corporate Office
-
Harris Elizabeth A PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.35M
Blend (final)
Blend
$10.27M
Owner & transaction history
Gregory Realty Gp · 2 yrs held
Gregory Realty Gp
since 2024
Last sale
$10.3M
7 recorded transactions
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.8M
+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
$10,265,000
ML approach
$10,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,095,000
Current use
MEDICAL BUILDING
$16,805,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$10.27M
Range $9.24M – $11.29M · ±10% · vs last sale $10.26M (Jun 26 2024)
Last sale anchor
$10.26M
Jun 26 2024
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
$87 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$201,453
Tax year 2023
Assessed value
$3,307,040
Assessed 2024
Previous assessed
$3,307,040
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$857,280
Assessed improvement
$2,449,760
Land market value
$2,143,200
Improvement market value
$6,124,400
Total market value
$8,267,600
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
1973
Heating
NONE
Cooling
NONE
Stories
9
Total area
117,486 SF
Lot
2.19 ac (95,440 SF)
Zoning code
OG
APN
081-006- - -00018
UPID
US80-1114468
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
$16.1M
MEDICAL BUILDING
Est. value
$16.8M
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
1973
Heating
NONE
Cooling
Yes
Stories
9
Lot
2.19 ac
Current owner
From public records · entity-resolved
Gregory Realty Gp
Entity
Mailing address
6389 N PO BOX 382366TH RD STE #201, GERMANTOWN, TN 38183-2366
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
$10,263,000
Gregory Realty Gp
Poplr Towers Office Center LLC
Special Warranty Deed
$7,690,000 · Orion FCU
Jun 2, 2021
$1,700,000
Loeb Bros Realty LP
Poplar Towers Office Center LLC
Special Warranty Deed
—
Nov 3, 2017
—
Poplar Twrs Office Center LLC
5350 Poplar Office Center LLC
Quit Claim Deed
related
—
Nov 3, 2017
$10,100,000
5350 Poplar Office Center LLC
Ir-poplar Towers LLC
Grant Deed
related
$7,865,000 · Capstar Bk
Dec 12, 2014
$8,680,385
Ir-poplar Towers LLC
Poplar Towers LLC
Grant Deed
related
$129,450,000 · Jp Morgan Chase Bk
Sep 26, 2001
$6,900,000
Poplar Towers LLC
Glb Tennessee LLC
Grant Deed
$5,250,000 · Morgan Guaranty Trust Co Ny
Feb 19, 1999
—
William M Sere
Eason,vicki J
Quit Claim Deed
related
—
Sep 22, 1998
$44,570
Delois Kimbrough
Hud
Grant Deed
$45,737 · Regions Bank
—
—
Poplar Towers LLC
—
Deed Of Trust
related
$9,300,000 · Branch Banking & Trust Co
—
—
Clarence J Johnson
—
Deed Of Trust
related
$5,200 · Mbna America (delaware) NA
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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