Memphis Office Investment
752 W Brookhaven Cir Memphis, TN 38117
For Sale
Contact for pricing
Prime 4,822 SF office building in thriving Memphis location.
Property Size4,822 SF
Price / SF$202.20
Days on Market656
Property Features for 752 W Brookhaven Cir
General Information
- Standard status
- Active
- Size
- 4,822 SF
- Property subtype
- Office
Listing Agency:
NAI Saig Company Memphis
(901) 526-3100
Listed By:
Brian Califf · License #TN 299669
Source:
Crexi
Added: Oct 8, 2024
Changed: Jul 6
Last Checked: Jul 24 at 12:01PM
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 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 | $115.7k | $24.00 |
| − Vacancy | −$17.4k | −$3.60 |
| EGI | $98.4k | $20.40 |
| − OpEx | −$24.6k | −$5.10 |
| NOI | $73.8k | $15.30 |
4,822 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Samantha Padawer
General Contractor
Padawer & Associates
Accounting Firm
FAQs
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.
