752 W Brookhaven Cir, Memphis, TN 38117
Prime 4,822 SF office building in thriving Memphis location.
- Added:
- Oct 8, 2024
- Days on Market:
- 611
- Last Refresh:
- May 12 at 8:04 pm
Property Features for 752 W Brookhaven Cir
General Information
- Standard status
- Active
- Size
- 4,822 SF
- Property subtype
- Office
Listing agent Brian Califf License #TN 299669
Listing office NAI Saig Company Memphis (901) 526-3100
Listing date Oct 8, 2024
Source Crexi
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 NAI Saig Company Memphis
HighLights
- Prime investment opportunity in the heart of Memphis.
- Impressive 4,822 SF building suitable for office or office building investment.
- Strategic location in a thriving commercial hub.
- Versatile space with ample room for customization.
- Proximity to local hotspots, including Memphis Botanic Garden and East Memphis.
- Convenient access to major thoroughfares.
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 | $115.7k | $24.00 |
| − Vacancy | −$17.4k | −$3.60 |
| EGI | $98.4k | $20.40 |
| − OpEx | −$24.6k | −$5.10 |
| NOI | $73.8k | $15.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8891855
- Latitude
- 35.1127177
