5658 Rex RdMemphis, TN 38119

Property Details for 5658 Rex Rd

Year built

1985

Lot size

0.37 AC

Property size (Sq ft)

5,389 SF

Zone code

OG

Property type

Office properties

Property subtype

Office buildings

APN

056-063- - -00019

APU

5606300019

Description

This exceptional executive office property, located at 5658 S Rex Rd in Memphis, Tennessee, offers a rare opportunity for businesses seeking flexible and high-quality space. The building, constructed in 1985 and classified as Class C, boasts a total of 5,389 square feet and is currently offering 5,400 square feet of vacant space. The property is divided into two suites, with a minimum divisible space of 2,400 square feet and a maximum contiguous space of 3,000 square feet, providing excellent options for various business needs. Situated in Shelby County, with easy access to major transportation routes, this location offers unparalleled convenience for employees and clients alike. The property's multiple tenancy structure allows for a diverse range of businesses to coexist, fostering a vibrant and collaborative environment. This is an ideal opportunity for companies seeking a well-maintained, functional office space in a prime Memphis location. The address is 5658 S Rex Rd, Memphis, TN 38119. The property is ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this exceptional space. The building's total square footage is 5,389 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $776,470

  6.5%

  $716,741

  7%

  $665,545

• Comparable approach

  Method

  Valuation

  Relative Method

  $420,126

  Geo Method

  $420,126

• Alternative Use

  Use

  Valuation

  Residential

  $888,759

  Hospitality

  $814,098

  Educational

  $677,320

  Medical

  $700,614

  Retail

  $1,053,609

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.1021

Longitude

-89.8733

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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