Memphis Office Investment
For Sale
Contact for pricing
752 W Brookhaven Cir, Memphis, TN 38117
Prime 4,822 SF office building in thriving Memphis location.
Property Size4,822 SF
Price / SF$202.20
Days on Market747
Property Features for 752 W Brookhaven Cir
General Information
Standard status
Active
Size
4,822 SF
Class
B
Property subtype
Office
Site & Location
Neighborhood
Colonial
Building Details
Tenancy
Multi
Listing Agency:
NAI Saig Company Memphis
Listed By:
Brian Califf · License #TN 299669
(901) 830-0421
Source:
Crexi
Added: Oct 8, 2024
Changed: Oct 8
Last Checked: Oct 23 at 5:25AM
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
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Investment Insights
Based on property information with market context.
Located in the heart of Memphis, 752 Brookhaven Circle presents an investment opportunity. This 4,822 SF building offers a versatile space suitable for an office or office building investor, with room for customization. The property's location is ideal for businesses seeking a commercial hub. The area offers a blend of professional and leisure amenities and benefits from its proximity to local hotspots, including the Memphis Botanic Garden and East Memphis, a shopping and dining destination. With access to major thoroughfares, this commercial hub provides a setting for businesses seeking a dynamic and accessible location. The area surrounding the property offers retail and dining options for a productive work environment.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,777
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,540
$1.5M
Cap Rate 7%
$1,053,957
$1.1M
Cap Rate 9%
$819,744
$819.7K
Market Conditions
NOI Build-Up for 4,822 SF
Gross rent
$115.7K $24.00/SF
− Vacancy
−$17.4K −$3.60/SF
EGI
$98.4K $20.40/SF
− OpEx
−$24.6K −$5.10/SF
NOI
$73.8K $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%
$1,475,540
Cap Rate 7%
$1,053,957
Cap Rate 9%
$819,744
Alternative Uses
Best Use
Office B
$1.05M
$922.2K – $1.23M
NOI $73,777 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,758 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,405
Businesses Nearby
Explore this area
Business Placement
Demographics for 38117, TN
27,138
Population
12,045
Households
2.3
Avg Household Size
40
Median Age
60%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
2,887
Density / Sq Mi
$93,688
Median Household Income
$52,596
Median Earnings
$1,353
Median Rent
$287,500
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
Frequently Asked Questions
What type of property is this?
Office building - Prime 4,822 SF office building in thriving Memphis location.
Where is this office building located?
The property is located at 752 W Brookhaven Cir Memphis, TN.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 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.
