Commercial Land with
For Sale
$395,000
7080 Us 70, Bartlett, TN 38133
The O-R-1 designation identifies office and residential zoning for this acreage property.
Property Size824 SF
Price / SF$479.37
Days on Market95
Property Features for 7080 Us 70
General Information
Standard status
Active
Size
824 SF
Property subtype
Commercial
Building Details
Building Size
824 SF
Year Built
1949
Stories
1
Listing Agency:
Keller Williams
(901) 261-7900
Listed By:
Jimmy Norman · License #202970
(901) 483-3606
Source:
Assuredrealestate
Added: Aug 1
Changed: Nov 2
Last Checked: Nov 2 at 1:52PM
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 Keller Williams
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Investment Insights
Based on property information with market context.
This 1.92-acre commercial land parcel includes a 2-bedroom, 1-bath home built in 1949. Its O-R-1 zoning designation is identified as Office/Residential.
The property is located on US 70 in Bartlett, Tennessee.
The property is located on US 70 in Bartlett, Tennessee.
Key Highlights
- 1.92 acres
- O‑R‑1 (Office/Residential) zoning
- 2‑bedroom, 1‑bath home built in 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,607
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,140
$252.1K
Cap Rate 7%
$180,100
$180.1K
Cap Rate 9%
$140,078
$140.1K
Market Conditions
NOI Build-Up for 824 SF
Gross rent
$19.8K $24.00/SF
− Vacancy
−$3.0K −$3.60/SF
EGI
$16.8K $20.40/SF
− OpEx
−$4.2K −$5.10/SF
NOI
$12.6K $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%
$252,140
Cap Rate 7%
$180,100
Cap Rate 9%
$140,078
Alternative Uses
Best Use
Office B
$180.1K
$157.6K – $210.1K
NOI $12,607 @ 7.0% cap · market cap 3.19%
Second Best
Mixed Use
$143.0K
$125.2K – $166.9K
NOI $10,012 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$243.5K
$213.1K – $284.1K
NOI $17,047 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
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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?
Commercial land - The O-R-1 designation identifies office and residential zoning for this acreage property.
Where is this commercial land located?
The property is located at 7080 Us 70 Bartlett, TN.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1.92 acres; O‑R‑1 (Office/Residential) zoning; 2‑bedroom, 1‑bath home built in 1949
