Office for Sale in Memphis, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Memphis, TN 38118
  • Size: 82,000 SF

Description

Now Available for Sale, Two-Story Office Building, located at 3971 Knight Arnold Rd.

Market Context

This office in Memphis, TN is listed for sale across 82,000 SF. It has been on the market for 119 days. Compare it against other office listings for sale in Memphis, TN — <a href="/search/sale/office/tennessee/memphis">view the full market</a>.

As of Q1 2026, the Memphis office market showed a 6.0% vacancy rate, average asking rents near $55.08/SF/yr, and rents up 0.4% year over year. Source: CBRE Q1 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Office market FAQ

Is the Memphis office market tightening or softening?
Vacancy is around 6.0% (Q1 2026).

Unified Estimate

Very Low Confidence

$36.98/SF – $50.02/SF

Mid: $43.50/SF

Total estimate for 82,000 SF: $3,567,000

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market chicago (similarity: 100%) with 11 comparable listings.

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