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Property profile

871 S Cooper St Memphis, TN 38104

FOR SALE
Warehouses
Property ID
US80-0170937
21,700 SF 0.69 ac lot Built 1977
Last sale Sep 2019 · $1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 19,300-square-foot coworking space, located at 871 S. Cooper Street in Memphis, Tennessee, presents a unique investment opportunity. The property, built in 1977, boasts a prime Midtown location within the vibrant Cooper Young submarket, placing it in close proximity to numerous restaurants and businesses, including Soul Fish Café, Celtic Crossing, Tsunami, and Alchemy. Memphis Made Brewing Company is also conveniently located nearby. The single-tenant building features…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$13k
Tax billed · 2022
Assessed value · 2023$206k
Assessed land$77k
Assessed improvement$129k
Effective rate6.09%

Value estimate

· Oct 2026
$500k
$450k – $550k
Submarket $/SF estimate$1.29M
NOI build-up
Gross scheduled income$417k
Vacancy & credit loss−$42k
Operating expenses−$141k
NOI · 13.83% cap applied$234k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$39/SF
Submarket average, outlier-cleaned · 509 recorded sales of this use type
Observed band · Q1–Q3$19 – $62
Qualifying comparables7

Cap rate analysis

How does the asset earn?
13.83%
$234k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CMU-1
PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recyclin...
General categoryMIXED_USE
JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office22.2
HVAC Service13.2
Kitchen & Bath13.1

Location

871 S Cooper St Memphis, TN 38104
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
795 Tanglewood, Memphis, TN 38104-5496 $163,400 Mar 2025 19,858 SF
802 Rozelle, Memphis, TN 38104-5052 $3,250,000 Sep 2024 35,779 SF
32 Flicker, Memphis, TN 38104-5918 $485,000 Aug 2022 20,915 SF
46 Flicker, Memphis, TN 38104-5918 $83,500 Aug 2022 32,492 SF
646 Ee, Memphis, TN 38104-4405 $199,000 Aug 2020 16,205 SF
324 Hollywood, Memphis, TN 38104-5939 $1,185,000 Dec 2018 31,911 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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