Well-Maintained Office
For Sale
Contact for pricing
8039 Stage Hills Blvd, Memphis, TN 38133
Well-maintained office property with 5 of 6 new HVAC units.
Property Size14,260 SF
Price / SF$175.32
Days on Market222
Property Features for 8039 Stage Hills Blvd
General Information
Standard status
Active
Size
14,260 SF
Property subtype
Office
Occupancy
33%
Lease Type
NNN
Investment Type
Sale/Leaseback
Net Operating Income
$57,276
Site & Location
Neighborhood
Oak Grove
Building Details
Year Built
1999
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Crye-Leike Commercial Memphis
Listed By:
Andy Walker · License #TN 335853
Source:
Crexi
Added: Mar 17
Changed: Oct 6
Last Checked: Oct 23 at 4:27AM
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 Crye-Leike Commercial Memphis
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Well-maintained office property offered for sale. The building includes 5 of 6 new HVAC units, supporting the property’s overall operational readiness.
The property is located in the very close vicinity to St Francis Bartlett and within the Wolfchase trade area.
This is a purpose-built office asset designed to accommodate office use.
The property is located in the very close vicinity to St Francis Bartlett and within the Wolfchase trade area.
This is a purpose-built office asset designed to accommodate office use.
Key Highlights
- Office property built in 1999
- Well‑maintained office building
- 5 of 6 HVAC units are new
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,178
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,363,560
$4.4M
Cap Rate 7%
$3,116,829
$3.1M
Cap Rate 9%
$2,424,200
$2.4M
Market Conditions
NOI Build-Up for 14,260 SF
Gross rent
$342.2K $24.00/SF
− Vacancy
−$51.3K −$3.60/SF
EGI
$290.9K $20.40/SF
− OpEx
−$72.7K −$5.10/SF
NOI
$218.2K $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%
$4,363,560
Cap Rate 7%
$3,116,829
Cap Rate 9%
$2,424,200
Alternative Uses
Best Use
Office B
$3.12M
$2.73M – $3.64M
NOI $218,178 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.21M
$3.69M – $4.92M
NOI $295,011 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
Explore this area
Business Placement
Demographics for 38133, TN
22,482
Population
8,336
Households
2.7
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
1,729
Density / Sq Mi
$82,485
Median Household Income
$46,522
Median Earnings
$1,449
Median Rent
$234,800
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 - Well-maintained office property with 5 of 6 new HVAC units.
Where is this office building located?
The property is located at 8039 Stage Hills Blvd Memphis, TN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Office property built in 1999; Well‑maintained office building; 5 of 6 HVAC units are new
