Renovated Medical Office
For Sale
Contact for pricing
1036 Oakhaven Rd, Memphis, TN 38119
Flexible clinical layout with existing dental improvements, included equipment, and on-site parking supports immediate professional use.
Property Size5,376 SF
Price / SF$223.21
Days on Market161
Property Features for 1036 Oakhaven Rd
General Information
Standard status
Active
Size
5,376 SF
Class
A
Total Parking Spaces
20
Property subtype
Office
Investment Type
Owner/User
Additional Details
Furnished
Yes
Building Details
Year Built
1981
Year Renovated
2015
Buildings
1
Stories
3
Listing Agency:
Cushman & Wakefield | Commercial Advisors LLC
Listed By:
Haley Lyerly · License #373123
Source:
Crexi
Added: May 7
Changed: Oct 7
Last Checked: Oct 12 at 5:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Commercial Advisors LLC
Investment Insights
Based on property information with market context.
This 5,376-square-foot medical office building was constructed in 1981 and extensively renovated. The first floor includes a dental office with 3 operatories, with the layout designed to expand to 6. Existing inventory and equipment are included, supporting continued clinical use without starting from an unfinished shell. The property also features a slate roof described as having a 75+ year life expectancy.
On-site parking includes 20 spaces, while access to Memphis and major corridors supports convenient travel for staff and visitors. The configuration can accommodate dental, medical, laboratory, or professional office functions as supported by the existing improvements.
On-site parking includes 20 spaces, while access to Memphis and major corridors supports convenient travel for staff and visitors. The configuration can accommodate dental, medical, laboratory, or professional office functions as supported by the existing improvements.
Key Highlights
- 5,376‑square‑foot medical office building
- 3 existing first‑floor dental operatories with expansion capacity to 6
- Extensively renovated property with existing inventory and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,253
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,645,060
$1.6M
Cap Rate 7%
$1,175,043
$1.2M
Cap Rate 9%
$913,922
$913.9K
Market Conditions
NOI Build-Up for 5,376 SF
Gross rent
$129.0K $24.00/SF
− Vacancy
−$19.4K −$3.60/SF
EGI
$109.7K $20.40/SF
− OpEx
−$27.4K −$5.10/SF
NOI
$82.3K $15.30/SF
Area
Memphis, TN
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,645,060
Cap Rate 7%
$1,175,043
Cap Rate 9%
$913,922
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.37M
NOI $82,253 @ 7.0% cap · market cap 6.85%
Second Best
Healthcare Medical
$1.11M
$974.0K – $1.30M
NOI $77,918 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,219 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,204
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38119, TN
23,997
Population
10,521
Households
2.3
Avg Household Size
39
Median Age
53%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
2,727
Density / Sq Mi
$86,325
Median Household Income
$53,068
Median Earnings
$1,336
Median Rent
$279,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Memphis, TN
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible clinical layout with existing dental improvements, included equipment, and on-site parking supports immediate professional use.
Where is this medical office space located?
The property is located at 1036 Oakhaven Rd Memphis, TN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,376‑square‑foot medical office building; 3 existing first‑floor dental operatories with expansion capacity to 6; Extensively renovated property with existing inventory and equipment included
