879 Willow Tree Cir Memphis, TN 38018
- Office buildings
- 5,432 SF
- 0.68 lot acres
Current Use by Public Records
- Memphis-Area Home Educ Associates / School
- Unique Bodies LLC / Skin Care Clinic / Service Establishment
- SIGNET ULTRASOUND,LLC / Medical Center
- 901 Logistics & Permits / Freight Forwarding Service
- Autism Resources of the Mid-South / Non-Profit Organization
Property Details for 879 Willow Tree Cir
- Year built
- 2007
- Lot size
- 0.68 lot acres
- Property size
- 5,432 SF
- Zone code
- RU-3
- Property type
- Office buildings
- APN
- 091-037- - -00006
- APU
- 9103700006
Description
This exceptional investment opportunity presents a fully occupied, single-story, 5,432 square foot office building in Cordova, Tennessee. Built in 2007, this Class B property boasts 100% occupancy, generating a strong net operating income (NOI) of $50,616, representing a 9.22% cap rate. The asking price is $549,000, translating to $101.07 per square foot. Situated on a 0.68-acre lot, the all-brick building features a desirable location near Germantown, offering a tranquil lakeside setting. The property's strong tenant mix, comprised of a diverse range of businesses, ensures a consistent and reliable income stream, minimizing investment risk. The meticulously maintained building represents a durable and attractive asset with lasting value. Its prime location within a thriving business community makes it an ideal investment for those seeking a secure and profitable return. The property is zoned for office use and includes one building with one unit. This stabilized investment opportunity offers a compelling combination of strong financial performance and a desirable location, making it an attractive proposition for discerning investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cordova
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.7937
- Latitude
- 35.149
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA