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    7938 Wolf River Blvd Germantown, TN 38138

    Sponsored
    For Lease
    Contact for pricing

    Prime Germantown medical office suites available.

    Lot size:
    12,552 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This exceptional Class A medical office building, totaling 12,552 square feet, presents a unique opportunity for healthcare providers seeking space in the thriving Germantown submarket. Located at 7938 Wolf River Boulevard, this single-story building boasts excellent visibility and accessibility at a signalized intersection across from Campbell Clinic. The property features four total suites, with 4,500 square feet currently vacant, offering flexible space options ranging from a minimum of 1,477 square feet to a maximum contiguous space of 4,500 square feet. Built in 1999, the building benefits from its strategic location near major retailers including Walmart, Lowe's, Office Depot, Kroger, Trader Joe's, T.J. Maxx, Starbucks, Five Below, Ulta, Sephora, Hollywood Feed, Dollar Tree, Hobby Lobby, Planet Fitness, AutoZone, Chick-Fil-A, and Walgreens, ensuring high foot traffic and convenient access for patients and staff. Its proximity to Baptist Rehabilitation Hospital and Le Bonheur Children's Pediatrics further enhances its appeal to medical professionals. High traffic counts on S Germantown Parkway (59,405 AADT) and Wolf River Boulevard (23,202 AADT) underscore the significant potential for business growth in this desirable location. Multiple tenancy options are available to accommodate various practice sizes and needs. This is an ideal opportunity to establish or expand a medical practice in a vibrant and well-connected area.

    Property Features for 7938 Wolf River Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,552 SF
    Class
    A

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Unit 7918
    Size
    3,023 SF
    Space
    Unit 7910
    Size
    1,477 SF

    We can help!

    Listing Contact
    Wriley Gillen
    Wriley Gillen

    Learn more

    HighLights

    • 12,552 SF Class A medical office building in Germantown, built in 1999.
    • Single‑story building with four suites, offering 1,477 - 4,500 SF contiguous spaces.
    • 4,500 SF of vacant space available for lease.
    • High‑traffic location at the signalized intersection of Germantown Parkway and Wolf River Blvd, across from Campbell Clinic.
    • Excellent proximity to major medical facilities and numerous retail amenities including Walmart, Lowe's, Kroger, and more.
    Property Profile Location Intelligence

    Current Use by Public Records

    John C. Ford, ... Dentist Germantown Advanced Dentistry Dentist Christopher E Cooley Dentist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Germantown
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.79868478
    Latitude
    35.11257811

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    FAQs

    What type of property is this?
    Individual retail property - Prime Germantown medical office suites available.
    Where is this individual retail property located?
    The property is located at 7938 Wolf River Blvd Germantown, TN.
    What are key features of this property?
    This property features: 12,552 SF Class A medical office building in Germantown, built in 1999.; Single-story building with four suites, offering 1,477 - 4,500 SF contiguous spaces.; 4,500 SF of vacant space available for lease.
    Request Owner's contact information
    7938 Wolf River Blvd Germantown, TN 38138
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7938 Wolf River Blvd Germantown, TN 38138
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    We can help!
    Listing Contact
    Wriley Gillen
    Wriley Gillen
    Real Estate License ID: TN 368080
    Learn more
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