Well-Maintained Office
8039 Stage Hills Blvd Memphis, TN 38133
For Sale
Contact for pricing
Well-maintained office property with 5 of 6 new HVAC units.
Property Size14,260 SF
Price / SF$175.32
Days on Market130
Property Features for 8039 Stage Hills Blvd
General Information
- Standard status
- Active
- Size
- 14,260 SF
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing Agency:
Crye-Leike Commercial Memphis
Listed By:
Andy Walker · License #TN 335853
Source:
Crexi
Added: Mar 17
Changed: Jul 23
Last Checked: Jul 23 at 2:22PM
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
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 For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $342.2k | $24.00 |
| − Vacancy | −$51.3k | −$3.60 |
| EGI | $290.9k | $20.40 |
| − OpEx | −$72.7k | −$5.10 |
| NOI | $218.2k | $15.30 |
14,260 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coast to Coast Solutions, ...
Marketing & Advertising
Neighborly Portable Toilets
Building Supply
Senior Wyze Senior ...
Nursing Home
Neighborly Portable Toilet ...
Waste Management Facility
FAQs
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
