4515 Poplar AveMemphis, TN 38117

Property Details for 4515 Poplar Ave

Year built

1962

Lot size

1.81 AC

Property size (Sq ft)

94,200 SF

Zone code

CMU-3

Property type

Office properties

Property subtype

Office buildings

APN

057-012- - -00006-C

APU

05701200006C

Description

This exceptional 5,203 square foot Class B office building, located at 4515 Poplar Avenue in Memphis, Tennessee (zip code 38117), presents a unique opportunity for businesses seeking flexible and versatile space. The property is currently fully vacant and offers multiple tenancy options, with a minimum divisible space of 2,006 square feet and a maximum contiguous space of 5,203 square feet. The building features an elevator for convenient access. Its versatile design caters to a variety of office needs, including traditional, medical, and creative office uses. The Grove Park Center enjoys a highly desirable location on Poplar Avenue, directly across from the upscale Laurelwood Shopping Center. This prime location provides unparalleled access to a wide array of high-end retail establishments, including Joseph, James Davis, Nordstrom Rack, J. Jill, Orvis, Babcock Gifts, Novel Book Store, and many more. The convenience extends to dining options as well, with nearby restaurants such as Panera Bread, Chicken Salad Chick, Hopdoddy Burger Bar, Frost Bake Shop, and more. This exceptional property offers a blend of functionality, convenience, and prestige, making it an ideal location for businesses seeking a thriving and well-connected environment. The property is categorized as Traditional Office, Medical Office, and Creative Office.

• CAP approach

  CAP return

  Valuation

  6%

  $13,572,727

  6.5%

  $12,528,671

  7%

  $11,633,766

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,343,832

  Geo Method

  $7,343,832

• Alternative Use

  Use

  Valuation

  Residential

  $15,535,552

  Hospitality

  $14,230,482

  Educational

  $11,839,594

  Medical

  $12,246,776

  Retail

  $18,417,146

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1176

Longitude

-89.9116

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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