Medical Office
3430 Summer Avenue, Memphis, TN 38122
For Sale
Contact for pricing
Mental Health Cooperative occupies this freestanding facility.
Property Size8,735 SF
Price / SF$195.19
Days on Market40
Property Features for 3430 Summer Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Sands Investment Group Austin - Offenbecher
Listed By:
Ethan Offenbecher · License TN #642658
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 6:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group Austin - Offenbecher
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Investment Insights
Based on property information with market context.
At 3430 Summer Avenue in Memphis, this freestanding medical office property contains 8,735 square feet. Mental Health Cooperative occupies the building; the organization operates 12 locations across Tennessee and is headquartered in Nashville.
Key Highlights
- 8,735‑square‑foot medical office property
- Freestanding building at 3430 Summer Avenue in Memphis
- Occupied by Mental Health Cooperative, which operates 12 Tennessee locations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,646
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,672,920
$2.7M
Cap Rate 7%
$1,909,229
$1.9M
Cap Rate 9%
$1,484,956
$1.5M
Market Conditions
NOI Build-Up for 8,735 SF
Gross rent
$209.6K $24.00/SF
− Vacancy
−$31.4K −$3.60/SF
EGI
$178.2K $20.40/SF
− OpEx
−$44.5K −$5.10/SF
NOI
$133.6K $15.30/SF
Area
Memphis, TN
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,672,920
Cap Rate 7%
$1,909,229
Cap Rate 9%
$1,484,956
Alternative Uses
Best Use
Office B
$1.91M
$1.67M – $2.23M
NOI $133,646 @ 7.0% cap · market cap 7.84%
Second Best
Healthcare Medical
$1.81M
$1.58M – $2.11M
NOI $126,602 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,710 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 38122, TN
26,432
Population
10,201
Households
2.6
Avg Household Size
33
Median Age
22%
College-Educated
74%
High-School Grad
6.8 sq mi
ZIP Area
3,887
Density / Sq Mi
$45,456
Median Household Income
$32,760
Median Earnings
$1,127
Median Rent
$108,200
Median Home Value
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Market
Properties on Market for Medical Office Space in Memphis
Vacancy Rate% for Office in Memphis, TN
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- Kim Garner — 3767 Summer Ave, Memphis, TN 38122
Frequently Asked Questions
What type of property is this?
Medical Office Space - Mental Health Cooperative occupies this freestanding facility.
Where is this medical office space located?
The property is located at 3430 Summer Avenue Memphis, TN.
What is the asking price?
The asking price for this property is $1,705,000.
What are key features of this property?
This property features: 8,735‑square‑foot medical office property; Freestanding building at 3430 Summer Avenue in Memphis; Occupied by Mental Health Cooperative, which operates 12 Tennessee locations
