Technical
Financial
Distress signals
Property profile

3855 Perkins Rd Memphis, TN 38118

OFF-MARKET
Specialty properties
Property ID
US80-0812233
3,690 SF 0.48 ac lot Built 1965
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This 3,690 square foot vacant office building, located at 3855 S Perkins Rd, Memphis, TN 38118, presents a compelling redevelopment or value-add investment opportunity. The single-story, 1965-built structure underwent renovations in 2020 and sits on a lot with ample parking. Currently zoned EMP-Employment, this property offers significant flexibility for various uses. Previously operating as a veterinary clinic, it's ideally suited for a pet boarding/grooming facility, capitalizing on a booming $11+ billion industry. However, the adaptable layout allows for conversion to other office spaces or even a small distribution facility. The building's 3,600-4,500 square feet of space provides ample room for expansion or customization. The property is conveniently located near major US highways and local thoroughfares, ensuring excellent accessibility. Available for occupancy immediately, this owner/user property offers a unique chance to establish a thriving business or create a strong return on investment. The asking price is $250,000.

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 1965
Total area 3,690 SF
Lot 0.48 ac (21,039 SF)
Zoning code EMP
APN 073-040- - -00035
UPID US80-0812233

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Veterinary Clinic
  • Veterinary Clinic

Location

3855 Perkins Rd Memphis, TN 38118-6329
Memphis metro Census 22600 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2025
Last sale
$195,000
3 recorded transactions
2025
$195,000
2019
Price N/A
1969
Price N/A

Zoning & alternative use

EMP · Memphis, TN
Zoning description

1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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