Cordova Office Building
779 Walnut Knoll Ln Cordova, TN 38018
779 Walnut Knoll Ln, Cordova, TN, 38018
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For Sale
Contact for pricing
6,000 SF Memphis area office building for sale.
Property Size6,000 SF
Price / SF$131.67
Days on Market774
Property Features for 779 Walnut Knoll Ln
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Office
Listing Agency
NAI Saig Company
Listed by
Daniel L. McPhail, SIOR · License #TN 332146
Source
Crexi
Added: Jun 7, 2024 Checked: Jul 19 at 5:35 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 NAI Saig Company
Investment Insights
Based on property information with market context.
This 6,000 SF building in the Memphis area presents an investment opportunity. The property features a strategic location with convenient access to major highways and the Memphis business community. It offers modern amenities, flexible floor plans, and customization potential, making it suitable for office or office building investment. The location provides access to dining, entertainment, and cultural experiences, and is a short drive from attractions such as the FedExForum and Graceland. The property is located in Cordova, TN.
Key Highlights
- Strategic location with easy access to major highways.
- 6,000 SF building suitable for office or office building investment.
- Flexible floor plans with potential for customization.
Local 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 | $100.8k | $16.80 |
| − Vacancy | −$22.2k | −$3.70 |
| EGI | $78.6k | $13.10 |
| − OpEx | −$19.7k | −$3.28 |
| NOI | $59.0k | $9.83 |
6,000 SF · lease $16.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$842.4K
$737.1K – $982.8K
NOI $58,968 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,018 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Murphy & Associates
Insurance Agency
Cordova Music Academy
Vocational School
Grace Assembly
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 6,000 SF Memphis area office building for sale.
Where is this office building located?
The property is located at 779 Walnut Knoll Ln Cordova, TN.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Strategic location with easy access to major highways.; **6,000 SF building suitable for office or office building investment.**; Flexible floor plans with potential for customization.
