5350 Poplar AveMemphis, TN 38120

Property Details for 5350 Poplar Ave

Year built

1973

Lot size

3.61 AC

Property size (Sq ft)

260,764 SF

Zone code

OG

Property type

Office properties

Property subtype

Office buildings

APN

056-039- - -00029

APU

5603900029

Description

The Trustmark Building, a Class A office property located at 5350 Poplar Ave in Memphis, Tennessee, presents a unique opportunity for businesses seeking executive office space. This single building comprises 163,446 square feet and offers multiple tenancy options, catering to a variety of business needs. Currently, there are eight spaces available, ranging in size from a comfortable 1,146 square feet to a substantial 18,494 square feet, providing flexibility for companies of all scales. Situated in Shelby County, this prime location offers excellent accessibility and visibility. The building's "Executive Office, Professional" subtype designation reflects its high-quality finishes and amenities, ideal for businesses seeking a sophisticated and productive work environment. The address, 5350 Poplar Ave, Memphis, TN 38120, places the property in a thriving commercial district, ensuring convenient access to a wide range of supporting businesses and services. This is an exceptional opportunity to secure prestigious office space in a highly desirable Memphis location. The building's size and the range of available space sizes make it suitable for both smaller businesses seeking efficient, modern offices and larger organizations requiring expansive floor plans. Interested parties are encouraged to inquire about the available spaces and their specific features.

• CAP approach

  CAP return

  Valuation

  6%

  $37,571,960

  6.5%

  $34,681,808

  7%

  $32,204,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,329,162

  Geo Method

  $20,329,162

• Alternative Use

  Use

  Valuation

  Residential

  $43,005,444

  Hospitality

  $39,392,756

  Educational

  $32,774,310

  Medical

  $33,901,468

  Retail

  $50,982,260

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1081

Longitude

-89.8828

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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