6616 Kirby Center Cv
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6616 Kirby Center Cv
3,152 SF Office Building Memphis, TN 38115 $450,000 ($143/SF)
Investment Highlights
- Brick Building
- 1st Horizon Bank on the corner
- In a cove with other similar buildings
Executive Summary
This well-positioned brick office/medical building offers an excellent opportunity for both growing practices and savvy investors. Located in a quiet cove surrounded by similar properties and just steps from a corner bank, it combines convenience with a professional setting. With 3,152 square feet of flexible space, ample parking, and an attractive price of $450K, this property is a smart investment for professionals looking to expand or capitalize on future growth.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$48,000
|
$15.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$48,000
|
$15.23
|
| Taxes |
$5,772
|
$1.83
|
| Operating Expenses |
$5,300
|
$1.68
|
| Total Expenses |
$11,072
|
$3.51
|
| Net Operating Income |
$36,928
|
$11.72
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $48,000 |
| Annual Per SF | $15.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $48,000 |
| Annual Per SF | $15.23 |
| Taxes | |
|---|---|
| Annual | $5,772 |
| Annual Per SF | $1.83 |
| Operating Expenses | |
|---|---|
| Annual | $5,300 |
| Annual Per SF | $1.68 |
| Total Expenses | |
|---|---|
| Annual | $11,072 |
| Annual Per SF | $3.51 |
| Net Operating Income | |
|---|---|
| Annual | $36,928 |
| Annual Per SF | $11.72 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,152 SF
Building Class
C
Year Built
1993
Price
$450,000
Price Per SF
$143
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,152 SF
Building FAR
0.14
Lot Size
0.50 AC
Zoning
OG
Parking
30 Spaces (7.33 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
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PROPERTY TAXES
| Parcel Number | 09-3500-0-0420 | Total Assessment | $94,760 (2024) |
| Land Assessment | $39,200 (2024) | Annual Taxes | $5,772 ($1.83/SF) |
| Improvements Assessment | $55,560 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
09-3500-0-0420
Land Assessment
$39,200 (2024)
Improvements Assessment
$55,560 (2024)
Total Assessment
$94,760 (2024)
Annual Taxes
$5,772 ($1.83/SF)
Tax Year
2022
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6616 Kirby Center Cv
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