Stand Alone Office/Medical
1695 Bonnie Ln Memphis, TN 38016
1695 Bonnie Ln, Memphis, TN, 38016
Contact for pricing
For Sale
Contact for pricing
Renovated office/medical building with ample parking and high visibility.
Property Size5,129 SF
Price / SF$155
Days on Market664
Property Features for 1695 Bonnie Ln
General Information
- Standard status
- Active
- Size
- 5,129 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2001
Listing Agency
Maus, Warwick, Matthews & Company
(901) 428-4873
Listed by
Ginny Dunn · License #NC 333240
Source
Crexi
Added: Sep 25, 2024 Updated: Jul 6 at 7:39 am Checked: Jul 19 at 2:20 am
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 Maus, Warwick, Matthews & Company
Investment Insights
Based on property information with market context.
This stand-alone office/medical office building offers over 5,000 square feet of space. The property was renovated in 2021 and features ample drive-up parking. Situated in a high-traffic commercial hub, it is near a wide array of retail and dining options. The location provides easy access to I-40, Memphis, Germantown, and Bartlett markets. Signage is available. The property is a well-maintained, modern office complex with access to a bus line. The building is suitable for commercial real estate, retail space, and office use.
Key Highlights
- Stand‑alone office/medical office space with over 5000 sf
- Ample drive‑up parking
- Renovated in 2021
Local Financial Insights For Retail
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 | $76.9k | $15.00 |
| − Vacancy | −$3.8k | −$0.75 |
| EGI | $73.1k | $14.25 |
| − OpEx | −$21.9k | −$4.27 |
| NOI | $51.2k | $9.98 |
5,129 SF · lease $15.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.12M
$980.9K – $1.31M
NOI $78,474 @ 7.0% cap · market cap 9.87%
Second Best
Healthcare Medical
$1.06M
$929.2K – $1.24M
NOI $74,338 @ 7.0% cap · market cap 9.35%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,109 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Drennan Animal Hospital — 1890 N Germantown Pkwy, Memphis, TN 38016
- Vet Pets Animal Hospital — 1890 N Germantown Pkwy, Cordova, TN 38016
- Drennan Michael DVM — 1890 N Germantown Pkwy #103, Cordova, TN 38016
FAQs
What type of property is this?
Medical Office Space - Renovated office/medical building with ample parking and high visibility.
Where is this medical office space located?
The property is located at 1695 Bonnie Ln Memphis, TN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Stand‑alone office/medical office space with over 5000 sf; Ample drive‑up parking; Renovated in 2021
