1810 Pyramid PlMemphis, TN 38132

Property Details for 1810 Pyramid Pl

Year built

1998

Lot size

1.64 AC

Property size (Sq ft)

101,600 SF

Zone code

EMP

Property type

Office properties

Property subtype

Office buildings

APN

060-222- -A-00002

APU

060222A00002

Description

This exceptional Class A office building, 1810 Pyramid Place, offers multiple suites for lease in Memphis, TN. Located in the Nonconnah Business Park, this 110,826 square foot, four-story building boasts a prime location with easy access to major transportation arteries including I-240, I-40, I-55, and I-69, as well as Memphis International Airport. Built in 1998, the property features a 5.3 parking spaces per 1000 square feet ratio within a secured and gated parking deck. Available spaces range from 27,613 to 194,136 square feet, providing flexibility for various business needs. Amenities include three loading docks, an advanced manufacturing technology/testing center, and a 9,040 square foot cafeteria with an auditorium in the connected 1840 building. A concept machine shop is also on-site. The building is equipped with emergency power, providing redundant power to the data center and emergency lighting. This opportunity zone property presents a unique chance to establish a presence in a thriving Memphis business park. The total vacant space is 277,619 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $14,638,950

  6.5%

  $13,512,877

  7%

  $12,547,671

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,920,736

  Geo Method

  $7,920,736

• Alternative Use

  Use

  Valuation

  Residential

  $16,755,967

  Hospitality

  $15,348,376

  Educational

  $12,769,668

  Medical

  $13,208,837

  Retail

  $19,863,928

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.0734

Longitude

-90.003

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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