Property profile

779 Walnut Knoll Ln Cordova, TN 38018

FOR SALE
Office buildings
Property ID
US80-0470434
6,000 SF 0.37 ac lot Built 1987
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 6,000 SF
Lot 0.37 ac (15,987 SF)
Zoning code RU-3
APN 091-034- - -00009
UPID US80-0470434

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Vocational School Training Center
  • Church Mosque

Location

779 Walnut Knoll Ln Cordova, TN 38018
Cordova metro Census 21143 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2023
Last sale
$219,500
5 recorded transactions
2023
Price N/A
2016
Price N/A
2014
Price N/A
2013
$219,500
2013
$219,500

Zoning & alternative use

RU-3 · Cordova, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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