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    882 Poplar Ave Memphis, TN 38105

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    882 Poplar Ave Memphis, TN 38105

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    • Commercial real estate
    • 0.43 lot acres
    For Sale
    $1,000,000
    View Listing →
    Prime Land in Medical District For Sale
    $1,000,000
    0.42 Acres

    Prime Land in Medical District

    Two connected lots in high-traffic location near LeBonheur Hospital.

    882 Poplar Ave, Memphis, TN 38105
    View Listing
    Property ID
    US80-2929295
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Our Kids / Clothing Store

    Property Details for 882 Poplar Ave

    Lot size
    0.43 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.43-acre commercial land parcel presents a unique development opportunity in the heart of Memphis, Tennessee. Located at 882 Poplar Avenue, this property boasts unparalleled visibility directly across from LeBonheur Children's Hospital, ensuring high traffic and excellent brand exposure. The site's prime location in Shelby County, zip code 38105, offers easy access to major transportation arteries and a thriving commercial district. The address is 882 Poplar Ave, Memphis, TN 38105, with GPS coordinates 35.1455882 latitude and -90.0309578 longitude. This level, commercially-zoned land is ideal for a variety of uses, making it an attractive investment for developers seeking a high-impact location. The significant foot and vehicle traffic generated by the hospital and surrounding businesses provides a strong foundation for a successful venture. This is a rare chance to acquire a strategically positioned property in a rapidly growing area of Memphis, offering substantial potential for future development and return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The property is ready for immediate development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0309578
    Latitude
    35.1455882

    Comparable in this City

    • Contact for pricing

      Prime Land in Medical District

      Two connected lots in high-traffic location near LeBonheur Hospital.
      882 Poplar Ave, Memphis, TN 38105
      View Details
    • Contact for pricing

      Prime Land Near LeBonheur Hospital

      Two connected lots in Memphis Medical District, ideal for development.
      882 Poplar Ave, Memphis, TN 38105
      View Details
    • $49,999
      0.13 Acres

      Vacant Lot in Memphis

      Vacant lot in Memphis's growing community, ready for development.
      230 Decatur St, Memphis, TN 38105
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    • New
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      Land Parcel Near Ronald McDonald

      Vacant land suitable for parking or development in Memphis.
      561 Exchange Ave, Memphis, TN 38105
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    • $350,000

      Corner Lot with Existing Structures

      0.4 acre corner lot with existing rental income.
      549 Parkway S, Memphis, TN 38105
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    Similar Nearby for Sale

    • Contact for pricing

      Prime Land in Medical District

      Two connected lots in high-traffic location near LeBonheur Hospital.
      882 Poplar Ave, Memphis, TN 38105
      View Details
    • Contact for pricing

      Prime Land Near LeBonheur Hospital

      Two connected lots in Memphis Medical District, ideal for development.
      882 Poplar Ave, Memphis, TN 38105
      View Details
    • $49,999
      0.13 Acres

      Vacant Lot in Memphis

      Vacant lot in Memphis's growing community, ready for development.
      230 Decatur St, Memphis, TN 38105
      View Details
    • New
      $55,000
      0.12 Acres

      Land Parcel Near Ronald McDonald

      Vacant land suitable for parking or development in Memphis.
      561 Exchange Ave, Memphis, TN 38105
      View Details
    • $350,000

      Corner Lot with Existing Structures

      0.4 acre corner lot with existing rental income.
      549 Parkway S, Memphis, TN 38105
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available in Medical District

      Land available in the East Submarket with access to Le Bonheur Campus.
      806 Poplar Ave, Memphis, TN 38105
      View Details
    • Contact for pricing
      460 SF

      East Germantown Office Space

      460 square foot office space available for rent.
      5500 Poplar Ave East, Germantown, TN 38105
      View Details
    • Contact for pricing
      50,000 SF

      Memphis Warehouse Space For Lease

      50,000 SF warehouse space near I-55 and Downtown Memphis.
      276 Parkway S, Memphis, TN 38105
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    • Contact for pricing

      Downtown Memphis Office Space Available

      Turn-key office space in Downtown Memphis near key landmarks.
      217 Exchange Ave, Memphis, TN 38105
      View Details
    • Contact for pricing
      1,712 SF

      Two-Story Office Building For Rent

      Two-story office building with Poplar Avenue visibility and ample parking.
      6800 Poplar Ave, Germantown, TN 38105
      View Details
    • Contact for pricing
      11,268 SF

      Prominent Office Building For Lease

      25,000 SF office building with drive-thru and ample parking.
      5240 Poplar Ave, Memphis, TN 38105
      View Details
    View Listing
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    882 Poplar Ave
    Memphis, TN 38105
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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