Office for Sale in Memphis, TN
- Price: $2.8M
- Listing type: For sale
- Asset type: Office
- Location: Memphis, TN 38119
Description
9,255 RSF Office Building For Sale - East Memphis Built in 2006 and renovated in 2021, 5880 Ridge Bend is a rare opportunity to own a premier office property in the heart of East Memphis. Building features include; Exterior offices, open work space, several conference rooms, 42 parking spaces, 22KW generator, and attic storage.
Market Context
This office in Memphis, TN is listed for sale at $2,776,500. It has been on the market for 164 days. Compare it against other office listings for sale in Memphis, TN — <a href="/search/sale/office/tennessee/memphis">view the full market</a>.
As of Q1 2026, the Memphis office market showed a 6.0% vacancy rate, average asking rents near $55.08/SF/yr, and rents up 0.4% year over year. Source: CBRE Q1 2026 market report.
Tight vacancy keeps competition for quality space elevated.
Office market FAQ
- Is the Memphis office market tightening or softening?
- Vacancy is around 6.0% (Q1 2026).
Unified Estimate
Very Low Confidence$25.73/SF – $34.81/SF
Mid: $30.27/SF
Rate-first confidence-weighted blend with cost-of-business adjustment.
No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market chicago (similarity: 100%) with 11 comparable listings.
Contact
- Don Drinkard · 901-260-1058 · don.drinkard@cbre.com
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