Cordova Office Building For
779 Walnut Knoll Lane, Cordova, TN 38018
6,000 SF office building in Memphis area for sale.
Type:Office
Property size:
6,000 SFPrice / SF:
$131/SF- Added:
- Nov 21, 2025
- Days on Market:
- 183
- Last Refresh:
- Dec 3 at 5:57 am
Property Features for 779 Walnut Knoll Lane
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Office
Listing agent Matt Mahoney, SIOR License #SP47888 (208) 319-1003
Listing office Lee & Associates Idaho (208) 319-1003
Listing date Nov 21, 2025
Source Naiglobal
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 Lee & Associates Idaho
HighLights
- 6,000 SF building suitable for office or office building investment.
- Strategic location in Memphis with easy access to major highways.
- Proximity to the vibrant business community of Memphis.
- Modern amenities and flexible floor plans.
- Potential for customization to suit specific business needs.
- Close to renowned attractions like FedExForum and Graceland.
Overview
This 6,000 SF building in Memphis offers a strategic location with convenient access to major highways and the local business community. The property features modern amenities and flexible floor plans with customization potential. Situated near attractions such as FedExForum and Graceland, the location provides access to dining, entertainment, and cultural experiences. This property is suitable for office or office building investment.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$655.2K
NOI $58,968 @ 9.00% cap · cautious / downside scenario
Moderate
$842.4K
NOI $58,968 @ 7.00% cap · market / base-case scenario
Aggressive
$1.18M
NOI $58,968 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.8k | $16.80 |
| − Vacancy | −$22.2k | −$3.70 |
| EGI | $78.6k | $13.10 |
| − OpEx | −$19.7k | −$3.28 |
| NOI | $59.0k | $9.83 |
6,000 SF · lease $16.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$842.4K
$737.1K – $982.8K
NOI $58,968 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,018 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Murphy & Associates
Insurance Agency
Cordova Music Academy
Vocational School
Grace Assembly
Church
Location Insight
- Map
- Local Demand
- City
- Cordova
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.794056
- Latitude
- 35.146654
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 6,000 SF office building in Memphis area for sale.
Where is this office building located?
The property is located at 779 Walnut Knoll Lane Cordova, TN.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 6,000 SF building suitable for office or office building investment.; Strategic location in Memphis with easy access to major highways.; Proximity to the vibrant business community of Memphis.
