668 Colonial Rd, Memphis, TN
5,958 SF fully leased office building in East Memphis.
- Added:
- Aug 5, 2025
- Days on Market:
- 316
- Last Refresh:
- May 20 at 9:25 pm
Property Features for 668 Colonial Rd
General Information
- Standard status
- Active
- Size
- 5,958 SF
- Lot size
- 0.53 Acres
- Property subtype
- OFFICE
Listing agent Andrew Phillips License #357175 (901) 289-6805
Listing office Colliers | Memphis (901) 375-4800
Listing date Aug 5, 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
- Fully leased with three tenants, providing a turnkey investment.
- Stable income stream from existing tenants.
- Minimal management needs for the property.
- Long‑term upside potential for increased value.
- Located in the heart of East Memphis.
- Single‑story office building with 5,958 SF of space.
Overview
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 | $143.0k | $24.00 |
| − Vacancy | −$21.4k | −$3.60 |
| EGI | $121.5k | $20.40 |
| − OpEx | −$30.4k | −$5.10 |
| NOI | $91.2k | $15.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9016
- Latitude
- 35.1129
