Class A Office
For Sale
Contact for pricing
6634 Summer Knoll Cir, Memphis, TN 38134
Shell-condition office property suited to medical or general office layouts, with on-site parking and access to two highways.
Property Size4,500 SF
Price / SF$221.11
Days on Market573
Property Features for 6634 Summer Knoll Cir
General Information
Standard status
Active
Size
4,500 SF
Class
A
Total Parking Spaces
24
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Construction
Frame/brick
Listing Agency:
Colliers | Memphis
(901) 375-4800
Listed By:
Elliot Embry
(901) 634-2583
Source:
Moodyscre
Added: Mar 21, 2025
Changed: Oct 11
Last Checked: Oct 12 at 7:48PM
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
Investment Insights
Based on property information with market context.
This 4,500-square-foot Class A office building is offered in build-to-suit shell condition, allowing the interior to be configured for medical or general office use. Frame and brick construction provide the building’s primary exterior materials, while the shell presentation supports a tailored finish-out strategy.
The property is located in the Northeast Memphis submarket at 6634 Summer Knoll Cir in Memphis, Tennessee. Access to Hwy. 70 and Hwy. 64 supports connectivity across the surrounding area. On-site parking includes 24 spaces, providing dedicated parking for occupants and visitors.
The property is located in the Northeast Memphis submarket at 6634 Summer Knoll Cir in Memphis, Tennessee. Access to Hwy. 70 and Hwy. 64 supports connectivity across the surrounding area. On-site parking includes 24 spaces, providing dedicated parking for occupants and visitors.
Key Highlights
- 4,500‑square‑foot Class A office building
- Build‑to‑suit shell condition supports customized interior planning
- Frame and brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,850
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,000
$1.4M
Cap Rate 7%
$983,571
$983.6K
Cap Rate 9%
$765,000
$765.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$108.0K $24.00/SF
− Vacancy
−$16.2K −$3.60/SF
EGI
$91.8K $20.40/SF
− OpEx
−$23.0K −$5.10/SF
NOI
$68.9K $15.30/SF
Area
Memphis, TN
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,000
Cap Rate 7%
$983,571
Cap Rate 9%
$765,000
Alternative Uses
Best Use
Office B
$983.6K
$860.6K – $1.15M
NOI $68,850 @ 7.0% cap · market cap 6.92%
Second Best
Healthcare Medical
$931.7K
$815.3K – $1.09M
NOI $65,221 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,096 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Explore this area
Business Placement
Demographics for 38134, TN
41,760
Population
15,685
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
86%
High-School Grad
18.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$61,172
Median Household Income
$39,185
Median Earnings
$1,147
Median Rent
$184,400
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 Memphis, TN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Shell-condition office property suited to medical or general office layouts, with on-site parking and access to two highways.
Where is this office building 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: 4,500‑square‑foot Class A office building; Build‑to‑suit shell condition supports customized interior planning; Frame and brick construction
