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    668 Colonial Rd Memphis, TN 38117

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    For Sale
    $1,100,000

    5,958 SF fully leased office building in East Memphis.

    Property size:
    5,958 SF
    Lot size:
    0.53 Acres

    Property Features for 668 Colonial Rd

    General Information

    Size
    5,958 SF
    Lot size
    0.53 Acres

    Source: Colliers | Memphis Agent Henry T. Stratton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Memphis Office Building Investment

    The property at 668 Colonial Road, Memphis, TN 38117 is a 5,958 SF single-story office building located in the heart of East Memphis. The building is fully leased to three tenants, presenting a turnkey investment opportunity with stable income and minimal management needs, with potential for long-term upside.
    Insight Report Location Intelligence

    Current Use by Public Records

    Wills Dental Dentist Mullins Thomas & Whitfield ... Legal Services Kimbrough B Mullins ... Attorney Wills Jr Gordon ... Dentist Mullins Whitfield White ... Law Firm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9015596
    Latitude
    35.1129488

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    FAQs

    What type of property is this?
    Office building - 5,958 SF fully leased office building in East Memphis.
    Where is this office building located?
    The property is located at 668 Colonial Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Fully leased with three tenants, providing a turnkey investment.; - Stable income stream from existing tenants.; - Minimal management needs for the property.
    (901) 375-4800
    Request Owner's contact information
    668 Colonial Rd Memphis, TN 38117
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    Memphis, TN 38117
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    668 Colonial Rd Memphis, TN 38117
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