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620 Sevier St 3,800 SF 47% Leased Office Building Memphis, TN 38122 $325,000 ($85.53/SF) 15.38% Cap Rate
Investment Highlights
- Secure Office Suites off Summer
- Easy Access, just off Summer Ave, East of Highland
- Great for Office/Service Business
Executive Summary
3,480 s.f. Office building tucked away, just off Summer Ave. Updated Bathrooms, unique layout with loads of storage. Perfect for an Investor or owner/user. Sold as is, subject to buyer inspections. May be sold as a package with 3615-19 Summer Avenue, Adjacent 12,000 s.f. +/- Retail Center ($825,000).
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,800 SF
Building Class
C
Year Built
1987
Price
$325,000
Price Per SF
$85.53
Cap Rate
15.38%
NOI
$50,000
Percent Leased
47%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,800 SF
Building FAR
0.42
Lot Size
0.21 AC
Zoning
CH - Commercial Highway
Parking
8 Spaces (2.38 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Ann Schiller Attorney
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Service Systems, Inc.
- Professional, Scientific, and Technical Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Ann Schiller Attorney | Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Service Systems, Inc. | Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Great Office space at Sevier and Summer, Near Highland. Entire Building may be available for $3,000/month, NNN.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 2,000 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 2,000 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Great Office space at Sevier and Summer, Near Highland. Entire Building may be available for $3,000/month, NNN.
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 04-4089-0-0014 | Total Assessment | $73,600 (2025) |
| Land Assessment | $12,160 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $61,440 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
04-4089-0-0014
Land Assessment
$12,160 (2025)
Improvements Assessment
$61,440 (2025)
Total Assessment
$73,600 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026 Payable 2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
620 Sevier St