Memphis Office Investment
For Sale
Contact for pricing
752 W Brookhaven Cir, Memphis, TN 38117
Prime 4,822 SF office building in thriving Memphis location.
Property Size4,822 SF
Price / SF$202.20
Days on Market701
Property Features for 752 W Brookhaven Cir
General Information
Standard status
Active
Size
4,822 SF
Class
B
Property subtype
Office
Building Details
Tenancy
Multi
Listing Agency:
NAI Saig Company Memphis
Listed By:
Brian Califf · License #TN 299669
(901) 526-3100
Source:
Crexi
Added: Oct 8, 2024
Changed: Sep 6
Last Checked: Sep 8 at 6:17AM
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 Memphis
Investment Insights
Based on property information with market context.
Located in the heart of Memphis, 752 Brookhaven Circle presents an investment opportunity. This 4,822 SF building offers a versatile space suitable for an office or office building investor, with room for customization. The property's location is ideal for businesses seeking a commercial hub. The area offers a blend of professional and leisure amenities and benefits from its proximity to local hotspots, including the Memphis Botanic Garden and East Memphis, a shopping and dining destination. With access to major thoroughfares, this commercial hub provides a setting for businesses seeking a dynamic and accessible location. The area surrounding the property offers retail and dining options for a productive work environment.
Key Highlights
- Prime investment opportunity in the heart of Memphis.
- Impressive 4,822 SF building suitable for office or office building investment.
- Strategic location in a thriving commercial hub.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,777
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,475,540
$1.5M
Cap Rate 7%
$1,053,957
$1.1M
Cap Rate 9%
$819,744
$819.7K
Market Conditions
NOI Build-Up for 4,822 SF
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.
Gross rent
$115.7K $24.00/SF
− Vacancy
−$17.4K −$3.60/SF
EGI
$98.4K $20.40/SF
− OpEx
−$24.6K −$5.10/SF
NOI
$73.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,475,540
Cap Rate 7%
$1,053,957
Cap Rate 9%
$819,744
Alternative Uses
Best Use
Office B
$1.05M
$922.2K – $1.23M
NOI $73,777 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,758 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,405
Businesses Nearby
Explore this area
Business Placement
Demographics for 38117, TN
27,138
Population
12,045
Households
2.3
Avg Household Size
40
Median Age
60%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
2,887
Density / Sq Mi
$93,688
Median Household Income
$52,596
Median Earnings
$1,353
Median Rent
$287,500
Median Home Value
Market
Vacancy Rate% for Office in Memphis, TN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Prime 4,822 SF office building in thriving Memphis location.
Where is this office building located?
The property is located at 752 W Brookhaven Cir Memphis, TN.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime investment opportunity in the heart of Memphis.; Impressive 4,822 SF building suitable for office or office building investment.; Strategic location in a thriving commercial hub.
