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    779 Walnut Knl Ln Memphis, TN 38018

    For Sale
    $830,000

    Prime Memphis location, 6,000 sq ft, multi-use.

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This Class A, multi-tenant office building at 779 Walnut Knoll Lane, Memphis, TN 38018, presents a compelling investment opportunity. The 6,000 square foot property is ideally situated for convenient access to Germantown Parkway and the broader Memphis business community. The building offers a flexible layout, currently configured as two separate office spaces downstairs (3,000 sq ft each) and two separate apartments upstairs (3,000 sq ft total). This multi-use configuration provides significant versatility and potential for diverse income streams. The asking price is $830,000, translating to $138.33 per square foot. This represents a strong value proposition in a thriving market. The property's modern amenities and adaptable floor plans allow for customization to suit a variety of business needs. Invest in this exceptional opportunity to secure a foothold in one of Memphis's most desirable commercial areas. The building's strategic location and flexible design make it an ideal investment for both established businesses and forward-thinking entrepreneurs seeking a high-return property in a dynamic market. Don't miss this chance to own a piece of Memphis's vibrant commercial landscape.

    Property Features for 779 Walnut Knl Ln

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,000 SF
    Class
    A

    HighLights

    • 6,000 square feet total building area.
    • 3,000 square feet of ground floor space.
    • 3,000 square feet of upper floor space.
    • Ground floor features two existing office suites.
    • Upper floor contains two existing apartments.
    • Multi‑use property ideal for various business and residential configurations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Murphy & Associates Insurance Agency Cordova Music Academy Music School Grace Assembly Religious Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7941166
    Latitude
    35.1464109

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Memphis location, 6,000 sq ft, multi-use.
    Where is this office property / space located?
    The property is located at 779 Walnut Knl Ln Memphis, TN.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: 6,000 square feet total building area.; 3,000 square feet of ground floor space.; 3,000 square feet of upper floor space.
    Request Owner's contact information
    779 Walnut Knl Ln Memphis, TN 38018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    779 Walnut Knl Ln Memphis, TN 38018
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