100% Leased Office
1924 Exeter Rd Germantown, TN 38138
New
For Sale
$1,152,042
For-sale office investment property in Germantown with 100% leased occupancy.
Days on Market4
Property Features for 1924 Exeter Rd
General Information
Standard status
Active
Property subtype
Office - General Office
Building Details
Year Built
1986
Listing Agency:
NAI Saig Company
(901) 526-3100
Listed By:
Brian Califf · License ##299669
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 29 at 3:53AM
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 NAI Saig Company
Investment Insights
Based on property information with market context.
This for-sale office investment opportunity is located in Germantown, Tennessee. The property is described as part of an office corridor near Poplar Avenue and is presented as fully leased, with 100% occupancy.
The surrounding area is characterized in the offering remarks as a mix of affluent residential neighborhoods and professional services, supporting an end-use environment for office tenants.
Additional details on unit mix, building configuration, and specific lease terms are not provided in the available information.
The surrounding area is characterized in the offering remarks as a mix of affluent residential neighborhoods and professional services, supporting an end-use environment for office tenants.
Additional details on unit mix, building configuration, and specific lease terms are not provided in the available information.
Key Highlights
- Office investment property in Germantown, TN
- 100% leased office occupancy
- Year built: 1986
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 | $52.8k | $24.00 |
| − Vacancy | −$7.9k | −$3.60 |
| EGI | $44.9k | $20.40 |
| − OpEx | −$11.2k | −$5.10 |
| NOI | $33.7k | $15.30 |
2,200 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$480.9K
$420.8K – $561.0K
NOI $33,660 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$650.2K
$568.9K – $758.6K
NOI $45,514 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - For-sale office investment property in Germantown with 100% leased occupancy.
Where is this office units located?
The property is located at 1924 Exeter Rd Germantown, TN.
What is the asking price?
The asking price for this property is $1,152,042.
What are key features of this property?
This property features: Office investment property in Germantown, TN; 100% leased office occupancy; Year built: 1986
