Connectable Office
For Sale
$1,499,000
6225 Greenlee, Arlington, TN 38002
Configured for office or medical use, the two suites may operate separately or as a combined space.
Property Size6,261 SF
Price / SF$239.42
Days on Market76
Property Features for 6225 Greenlee
General Information
Standard status
Active
Size
6,261 SF
Property subtype
Commercial
Zoning
office
Additional Details
Condition
Built-Out
Office Units
2
Property Use
Office
Building Details
Year Built
2019
Stories
1
Listing Agency:
Bascom Realty
(901) 867-7988
Listed By:
Glen Bascom · License #274897
(901) 870-4023
Source:
Assuredrealestate
Added: Aug 20
Changed: Nov 2
Last Checked: Nov 2 at 1:55PM
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 Bascom Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2019, this office property contains two suites totaling 6,261 square feet. Suite 101 measures 3,056 square feet, while Suite 102 offers 3,205 square feet. The suites occupy separate bays that can be connected, and the existing interior build-out supports office or medical use.
The property is zoned office and is located at 6225 Greenlee in Arlington, Tennessee.
The property is zoned office and is located at 6225 Greenlee in Arlington, Tennessee.
Key Highlights
- Two suites total 6,261 square feet
- Suite 101 contains 3,056 square feet; Suite 102 contains 3,205 square feet
- Separate bays can be connected
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,640
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,492,800
$1.5M
Cap Rate 7%
$1,066,286
$1.1M
Cap Rate 9%
$829,333
$829.3K
Market Conditions
NOI Build-Up for 6,261 SF
Gross rent
$139.0K $22.20/SF
− Vacancy
−$14.6K −$2.33/SF
EGI
$124.4K $19.87/SF
− OpEx
−$49.8K −$7.95/SF
NOI
$74.6K $11.92/SF
Area
Shelby County, TN
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,492,800
Cap Rate 7%
$1,066,286
Cap Rate 9%
$829,333
Alternative Uses
Best Use
Healthcare Medical
$1.07M
$933.0K – $1.24M
NOI $74,640 @ 7.0% cap · market cap 4.98%
Second Best
Office B
$879.0K
$769.2K – $1.03M
NOI $61,533 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,716 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 38002, TN
44,385
Population
15,448
Households
2.9
Avg Household Size
38
Median Age
47%
College-Educated
97%
High-School Grad
116.3 sq mi
ZIP Area
382
Density / Sq Mi
$115,478
Median Household Income
$56,917
Median Earnings
$1,695
Median Rent
$363,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Configured for office or medical use, the two suites may operate separately or as a combined space.
Where is this office unit located?
The property is located at 6225 Greenlee Arlington, TN.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two suites total 6,261 square feet; Suite 101 contains 3,056 square feet; Suite 102 contains 3,205 square feet; Separate bays can be connected
