Medical Office Suite
9064 Corporate Gardens Drive Germantown, TN 38138
For Sale
Contact for pricing
Built in 2002 and improved in 2017, this fully functional office suite is ready for immediate patient use.
Property Size2,460 SF
Price / SF$264.23
Days on Market8
Property Features for 9064 Corporate Gardens Drive
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Office
Building Details
Year Built
2002
Listing Agency:
McNeill Commercial Real Estate
Listed By:
Matt Layne · License #TN 365561
Source:
Crexi
Added: Jul 22
Changed: Jul 28
Last Checked: Jul 28 at 4:07AM
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 McNeill Commercial Real Estate
Investment Insights
Based on property information with market context.
This fully functional dental or medical office suite is ready for immediate occupancy, with an office built ground up in 2002 and improved in 2017. The space is presented as a walk-in, see-and-operate setup for medical practice use.
The property is located in Germantown’s Corporate Gardens office park, described in the listing as the biggest retail and office corridor on the east side of Germantown. It offers a purpose-built configuration intended to support patient-facing operations.
Offered for sale as a medical office space within an established office park setting.
The property is located in Germantown’s Corporate Gardens office park, described in the listing as the biggest retail and office corridor on the east side of Germantown. It offers a purpose-built configuration intended to support patient-facing operations.
Offered for sale as a medical office space within an established office park setting.
Key Highlights
- Built in 2002 and improved in 2017
- Fully functional dental or medical office suite—ready for immediate patient use
- Ground‑up office built in 2002 by a dentist, with later improvements in 2017
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 | $59.0k | $24.00 |
| − Vacancy | −$8.9k | −$3.60 |
| EGI | $50.2k | $20.40 |
| − OpEx | −$12.5k | −$5.10 |
| NOI | $37.6k | $15.30 |
2,460 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$537.7K
$470.5K – $627.3K
NOI $37,638 @ 7.0% cap · market cap 5.79%
Second Best
Healthcare Medical
$509.3K
$445.7K – $594.2K
NOI $35,654 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$727.0K
$636.2K – $848.2K
NOI $50,892 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Forest Hill Animal Hospital — 3133 Forest Hill Irene Rd #102, Germantown, TN 38138
- Dixon Darryl J DVM — 3133 Forest Hill Irene Rd #102, Germantown, TN 38138
- Brookshire Cooper DVM — 3133 Forest Hill Irene Rd #102, Germantown, TN 38138
- ProMend Animal Health — 3011 Centre Oak Way, Germantown, TN 38138
Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2002 and improved in 2017, this fully functional office suite is ready for immediate patient use.
Where is this medical office space located?
The property is located at 9064 Corporate Gardens Drive Germantown, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Built in 2002 and improved in 2017; Fully functional dental or medical office suite—ready for immediate patient use; Ground‑up office built in 2002 by a dentist, with later improvements in 2017
