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    Memphis Office Building For Sale Title is generated by Realmo AI

    6634 Summer Knoll Cir, Memphis, TN

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    Office building in Northeast Memphis with easy highway access.

    Type:OFFICE
    Property size:
    4,500 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $221/SF
    Added:
    Mar 21, 2025
    Days on Market:
    458
    Last Refresh:
    May 19 at 10:27 pm

    Property Features for 6634 Summer Knoll Cir

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Lot size
    0.35 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Elliot Embry
    Elliot Embry

    Listing agent Elliot Embry

    Listing office Colliers | Memphis

    Listing date Mar 21, 2025

    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 Colliers | Memphis

    HighLights

    • Easy access to Hwy. 70 & Hwy. 64
    • Building class A
    • Perfect for medical or general office use
    • Build‑to‑suit shell condition
    • Frame/brick construction
    • 24 parking spaces

    Overview

    This Class A office building is located in the Northeast Memphis submarket. The frame and brick construction property is in build-to-suit shell condition, offering flexibility for customization. The property is suitable for medical or general office use. It features 24 parking spaces and provides convenient access to Highway 70 and Highway 64. The building has a property size of 4,500 square feet.

    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 $108.0k $24.00
    − Vacancy −$16.2k −$3.60
    EGI $91.8k $20.40
    − OpEx −$23.0k −$5.10
    NOI $68.9k $15.30
    4,500 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $983.6K
    $860.6K – $1.15M (±1% cap)
    NOI $68,850 @ 7.0% cap · market cap 6.92%
    Second Best
    Healthcare Medical
    $931.7K
    $815.3K – $1.09M (±1% cap)
    NOI $65,221 @ 7.0% cap · market cap 6.55%
    Theoretical Best
    Office A
    $1.33M
    $1.16M – $1.55M (±1% cap)
    NOI $93,096 @ 7.0% cap · market cap 9.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Wright Kathryn DVM — 6207 Stage Rd, Bartlett, TN 38134, United States
    • Community Pet Hospital — 6552 Summer Ave, Bartlett, TN 38134
    • Hillcrest Animal Hospital: Weatherly Rich DVM — 6207 Stage Rd, Bartlett, TN 38134
    • Cary Ledbury, DVM — 6207 Stage Rd, Memphis, TN 38134
    • Steven Ambrose — 6207 Stage Rd, Memphis, TN 38134

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8424
    Latitude
    35.2013

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    FAQs

    What type of property is this?
    Medical Office Space - Office building in Northeast Memphis with easy highway access.
    Where is this medical office space located?
    The property is located at 6634 Summer Knoll Cir Memphis, TN.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Easy access to Hwy. 70 & Hwy. 64; Building class A; Perfect for medical or general office use
    (901) 634-2583 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Elliot Embry
    Elliot Embry
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