Freestanding Office
For Sale
$429,000
6957 Highway 70, Bartlett, TN 38133
Professional office property with adaptable space along a heavily traveled commercial corridor.
Property Size1,264 SF
Lot Size1.00 Acre
Price / SF$339.40
Days on Market84
Property Features for 6957 Highway 70
General Information
Standard status
Active
Size
1,264 SF
Lot size
1.00 Acre
Additional Details
Highway Access
Yes
Building Details
Year Built
1946
Buildings
1
Building Size
1,264 SF
Listing Agency:
Compass
Listed By:
Lisa Swint
(615) 319-1060
Source:
Fiddletreerealty
Added: Aug 1
Changed: Oct 10
Last Checked: Oct 23 at 11:38AM
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 Compass
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Investment Insights
Based on property information with market context.
This freestanding professional office building contains approximately 1,264 SF on a 1-acre lot. The property is positioned for a range of office-oriented applications, including professional services, corporate headquarters, medical office use, administrative operations, and consulting firms.
Located at 6957 US Highway 70 in Bartlett, the building fronts a well-traveled commercial corridor with strong roadway exposure. Its standalone configuration and adaptable interior provide a practical setting for an owner-occupant or office user seeking a suburban commercial location.
Located at 6957 US Highway 70 in Bartlett, the building fronts a well-traveled commercial corridor with strong roadway exposure. Its standalone configuration and adaptable interior provide a practical setting for an owner-occupant or office user seeking a suburban commercial location.
Key Highlights
- Approximately 1,264 SF of office space
- Freestanding professional office building
- Situated on a 1‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,339
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,780
$386.8K
Cap Rate 7%
$276,271
$276.3K
Cap Rate 9%
$214,878
$214.9K
Market Conditions
NOI Build-Up for 1,264 SF
Gross rent
$30.3K $24.00/SF
− Vacancy
−$4.6K −$3.60/SF
EGI
$25.8K $20.40/SF
− OpEx
−$6.4K −$5.10/SF
NOI
$19.3K $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%
$386,780
Cap Rate 7%
$276,271
Cap Rate 9%
$214,878
Alternative Uses
Best Use
Office B
$276.3K
$241.7K – $322.3K
NOI $19,339 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.6K
$326.9K – $435.8K
NOI $26,150 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 38133, TN
22,482
Population
8,336
Households
2.7
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
1,729
Density / Sq Mi
$82,485
Median Household Income
$46,522
Median Earnings
$1,449
Median Rent
$234,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with adaptable space along a heavily traveled commercial corridor.
Where is this office building located?
The property is located at 6957 Highway 70 Bartlett, TN.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Approximately 1,264 SF of office space; Freestanding professional office building; Situated on a 1‑acre lot
