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Property profile & analytics
FOR LEASE
Office buildings

855 Ridge Lake Blvd Memphis, TN 38120

89,248 SF 3.31 ac lot Built 1973
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1257230
Property summary
AI-generated overview

This exceptional traditional office space, located at 855 Ridge Lake Blvd in Memphis, Tennessee, offers a single suite totaling 3,500 square feet. Situated in a six-story Class C building constructed in 1973, this property boasts a convenient location off the Poplar and I-240 corridor in East Memphis. The building features an elevator for easy access to all floors. The address is 855 Ridge Lake Blvd, Memphis, TN 38120, with Shelby County APN 080023 A00022. This multiple-tenancy building provides a professional environment with proximity to a variety of local retail shops and restaurants. The available space is ideal for businesses seeking a well-located, functional office environment in a thriving East Memphis commercial district. The maximum contiguous square footage available is 3,500 square feet. This presents a unique opportunity for a business seeking a single, sizable office suite in a well-established building. The property's convenient location offers easy access to major transportation routes, enhancing its appeal to businesses and employees alike.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1973
Total area 89,248 SF
Lot 3.31 ac (143,966 SF)
Zoning code OG
APN 080-023- -A-00022
UPID US80-1257230
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
  • Evolve Bank & Trust Home Loan Center Loan Service Bank
  • Wesley Channels - State Farm Insurance Agent Insurance Agency
  • Law Office of E.M.Wafula,PLLC Law Firm
  • Churchill Studios Film Production Television Studio
  • Colby Dorris - Mortgage Lender Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.35M
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.26M
Blend (final) Blend
$7.68M
Owner & transaction history
Harrimack Holdings Acquisiations Ll · 3 yrs held
Harrimack Holdings Acquisiations Ll
since 2022
Last sale
$7.9M
6 recorded transactions
2022
$7.9M
2018
Price N/A
2017
Price N/A
2014
Price N/A
2010
Price N/A
2005
Price N/A
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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