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3000 Walnut Grove Rd 24,000 SF 100% Leased Office Building Memphis, TN 38111 $1,450,000 ($60.42/SF) 10% Cap Rate
Investment Highlights
- Heavy day time traffic
- Elevator
- Strong Tenant Base
- Developing Area
Executive Summary
Prime investment opportunity in a developing area and a high NOI
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
24,000 SF
Building Class
B
Year Built/Renovated
1968/2019
Price
$1,450,000
Price Per SF
$60.42
Cap Rate
10%
NOI
$145,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,000 SF
Slab To Slab
12’
Building FAR
0.74
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
CH - Commercial
Parking
45 Spaces (1.88 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 04-4011-0-0057 | Improvements Assessment | $235,360 |
| Land Assessment | $65,040 | Total Assessment | $300,400 |
Property Taxes
Parcel Number
04-4011-0-0057
Land Assessment
$65,040
Improvements Assessment
$235,360
Total Assessment
$300,400
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Photos
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Street
Map
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Contact the Sale Advisor
3000 Walnut Grove Rd