3740-3760 Business Dr, Memphis, TN
Two office buildings in Germantown, TN, ideal for owner/occupant.
- Added:
- Aug 3, 2023
- Days on Market:
- 1043
- Last Refresh:
- May 20 at 8:45 pm
Property Features for 3740-3760 Business Dr
General Information
- Standard status
- Active
- Size
- 23,484 SF
- Lot size
- 4.43 Acres
- Property subtype
- OFFICE
Listing agent Jon Albright
Listing office Albright Investments (901) 758-2424
Listing date Aug 3, 2023
Source Moodyscre
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 Albright Investments
HighLights
- Purchase includes two office buildings totaling 23,484 SF (11,742 SF each).
- One building is 100% leased, providing immediate income.
- Opportunity for owner/occupant with existing tenants in both buildings.
- Located in Germantown, TN.
- Convenient access to I‑269 and Poplar Avenue.
- One building is 40% leased, offering potential for increased occupancy.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $563.6k | $24.00 |
| − Vacancy | −$84.5k | −$3.60 |
| EGI | $479.1k | $20.40 |
| − OpEx | −$119.8k | −$5.10 |
| NOI | $359.3k | $15.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.7458
- Latitude
- 35.0467
