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    1231 E Raines Rd Memphis, TN 38116

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    For Sale
    Contact for pricing

    8,988 SF medical office building designed for various practices.

    Property size:
    8,988 SF
    Lot size:
    0.63 Acres

    Property Features for 1231 E Raines Rd

    General Information

    Size
    8,988 SF
    Lot size
    0.63 Acres

    Source: Cushman & Wakefield | Commercial Advisors - Memphis Agent William "Matt" Weathersby

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Medical Office Building Available

    This is an opportunity to acquire a freestanding, fully built-out medical office building. The property offers 8,988 square feet of available space and features brand new medical office construction. The layout includes 12 exam rooms, two X-ray rooms with lead-lined walls, a lab, and a pharmacy. The design is suitable for dental, optical, physical therapy, and family practice uses. There are 28 parking spaces available, in addition to street parking.
    Insight Report Location Intelligence

    Current Use by Public Records

    Memphis Professional Insurance Insurance Agency Anne's Etc Tailor Insurance Services Tillman Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0230251
    Latitude
    35.0352228

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    FAQs

    What type of property is this?
    Medical office - 8,988 SF medical office building designed for various practices.
    Where is this medical office located?
    The property is located at 1231 E Raines Rd Memphis, TN.
    What are key features of this property?
    This property features: - Freestanding, fully built-out medical office building.; - Brand new medical office construction.; - Includes **12 exam rooms, two X-ray rooms with lead-lined walls, lab, and pharmacy.**
    (901) 362-4317
    Request Owner's contact information
    1231 E Raines Rd Memphis, TN 38116
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    Memphis, TN 38116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1231 E Raines Rd Memphis, TN 38116
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