Cordova Office Building Investment
779 Walnut Knoll Lane, Cordova, TN 38018
6,000 SF Memphis area building for office or investment.
Type:Office
Property size:
6,000 SFPrice / SF:
$131/SF- Added:
- Mar 6, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 5 at 11:07 pm
Property Features for 779 Walnut Knoll Lane
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Office
Listing agent Daniel McPhail, SIOR License #TN #332146 (901) 526-3100
Listing office (901) 526-3100
Listing date Mar 6, 2026
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 Daniel McPhail, SIOR
HighLights
- Strategic location in Memphis with easy access to major highways.
- 6,000 SF building suitable for office or office building investment.
- Flexible floor plans with potential for customization.
- Proximity to FedExForum and Graceland.
- Modern amenities.
- Thriving local economy and vibrant business community.
Overview
This 6,000 SF building in Cordova, TN, presents an investment opportunity with a strategic location and accessibility to major highways and the Memphis business community. The property features modern amenities and flexible floor plans with customization potential, making it suitable for office or office building investment. The location provides access to dining, entertainment, and cultural experiences, including attractions like the FedExForum and Graceland. The property is located at 779 Walnut Knoll Lane.
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
Insight Report
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
- -89.7941
- Latitude
- 35.1467
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 6,000 SF Memphis area building for office or investment.
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: Strategic location in Memphis with easy access to major highways.; **6,000 SF building suitable for office or office building investment.**; Flexible floor plans with potential for customization.
