5180 Park AveMemphis, TN 38119
- Office properties
- 43,903 SF
Property Details for 5180 Park Ave
- Year built
- 1987
- Lot size
- 2.04 AC
- Property size (Sq ft)
- 43,903 SF
- Zone code
- R-10
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 067-001- - -00015-C
- APU
- 06700100015C
Description
This three-story, 37,588-square-foot Class B office building, constructed in 1987 and renovated in 2020, offers a variety of traditional, executive, and medical office spaces for lease. Located at 5180 Park Ave, Memphis, TN 38119, near the intersection of S White Station Road and Park Avenue, this property boasts 30 suites, with a minimum divisible space of 100 square feet and a maximum contiguous space of 4,000 square feet. Currently, 6,000 square feet of space is vacant. The building features two elevators and ample parking with 250 spaces, providing convenient access for tenants and visitors. Ground floor suites offer easy accessibility. Many suites include full bathrooms. The building's location in the Poplar Area submarket of East Memphis provides excellent access to major thoroughfares including I-240, Hwy 385, I-40, and I-55, placing it in a vibrant retail, business, and medical area with numerous restaurants and shopping centers nearby. The zoning is commercial. This established and well-known building is ideal for a variety of professional and medical practices.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,325,726
- 6.5%
- $5,839,132
- 7%
- $5,422,051
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,422,678
- Geo Method
- $3,422,678
-
Alternative Use
- Use
- Valuation
- Residential
- $7,240,524
- Hospitality
- $6,632,281
- Educational
- $5,517,980
- Medical
- $5,707,752
- Retail
- $8,583,524
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.1064
- Longitude
- -89.8893
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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