Cordova Office Building
For Sale
$725,000
779 Walnut Knoll Lane, Cordova, TN 38018
6,000 SF Memphis area office building for sale.
Property Size6,000 SF
Price / SF$120.83
Days on Market197
Property Features for 779 Walnut Knoll Lane
General Information
Standard status
Active
Size
6,000 SF
Class
A
Property subtype
Multi Tenant Office
Building Details
Building Size
6,000 SF
Listing Agency:
NAI | Saig Company
Listed By:
Daniel McPhail
(901) 526-3100
Source:
Thebrokerlist
Added: Mar 26
Changed: Sep 23
Last Checked: Oct 7 at 8:32AM
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
Investment Insights
Based on property information with market context.
This 6,000 SF building in the Memphis area presents an investment opportunity. The property features a strategic location with convenient access to major highways and the Memphis business community. It offers modern amenities, flexible floor plans, and customization potential, making it suitable for office or office building investment. The location provides access to dining, entertainment, and cultural experiences, and is a short drive from attractions such as the FedExForum and Graceland. The property is located in Cordova, TN.
Key Highlights
- Strategic location with easy access to major highways.
- 6,000 SF building suitable for office or office building investment.**
- Flexible floor plans with potential for customization.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,968
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,360
$1.2M
Cap Rate 7%
$842,400
$842.4K
Cap Rate 9%
$655,200
$655.2K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$100.8K $16.80/SF
− Vacancy
−$22.2K −$3.70/SF
EGI
$78.6K $13.10/SF
− OpEx
−$19.7K −$3.28/SF
NOI
$59.0K $9.83/SF
Area
Shelby County, TN
Vacancy
22.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,360
Cap Rate 7%
$842,400
Cap Rate 9%
$655,200
Alternative Uses
Best Use
Office B
$842.4K
$737.1K – $982.8K
NOI $58,968 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,018 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 38018, TN
37,086
Population
15,110
Households
2.5
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
18.7 sq mi
ZIP Area
1,983
Density / Sq Mi
$89,627
Median Household Income
$47,813
Median Earnings
$1,594
Median Rent
$255,300
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 South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 6,000 SF Memphis area office building 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 $725,000.
What are key features of this property?
This property features: Strategic location with easy access to major highways.; 6,000 SF building suitable for office or office building investment.**; Flexible floor plans with potential for customization.
