Highly Visible Accessible Office
400 Union Ave Memphis, TN
400 Union Ave, Memphis, TN, 00000
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For Sale
Contact for pricing
Office building with controlled access parking and major street access.
Property Size16,525 SF
Lot Size0.77 Acres
Price / SF$320.73
Days on Market413
Property Features for 400 Union Ave
General Information
- Standard status
- Active
- Size
- 16,525 SF
- Lot size
- 0.77 Acres
- Property subtype
- OFFICE
Listing agency
CBRE | Memphis
(901) 299-0220
Listed by
Kelly Truitt
(901) 299-0220
Source
Moodyscre
Added: Jun 4, 2025 Updated: Jul 6 at 9:38AM Checked: Jul 21 at 6:18AM
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 CBRE | Memphis
Investment Insights
Based on property information with market context.
This is a highly visible and easily accessible office building. It features controlled access parking and major street access. The property has a size of 16,525 square feet.
Key Highlights
- Highly Visible location
- Easily Accessible
- Major Street Access for convenient commutes
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 | $396.6k | $24.00 |
| − Vacancy | −$59.5k | −$3.60 |
| EGI | $337.1k | $20.40 |
| − OpEx | −$84.3k | −$5.10 |
| NOI | $252.8k | $15.30 |
16,525 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.61M
$3.16M – $4.21M
NOI $252,833 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.88M
$4.27M – $5.70M
NOI $341,869 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Made in Memphis Entertainment
Recording Studio
4U Recording
Recording Studio
Beatroot
Recording Studio
CBee SUPREME
Recording Studio
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FAQs
What type of property is this?
Office building - Office building with controlled access parking and major street access.
Where is this office building located?
The property is located at 400 Union Ave Memphis, TN.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Highly Visible location; Easily Accessible; Major Street Access for convenient commutes
