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    430 Monroe Ave Memphis, TN 38103

    Sponsored
    For Lease
    Contact for pricing

    Prime Medical Office Suites Available in Memphis

    Lot size:
    24,141 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story medical office building, located at 430 Monroe Avenue in Memphis, Tennessee, offers a unique opportunity for businesses seeking flexible and modern space. Built in 1997, the property boasts a total of 24,141 square feet, currently featuring two suites. A significant portion of the building, totaling 21,680 square feet, is currently vacant and available for lease. The building's design allows for adaptable layouts, with minimum divisible space starting at 1,000 square feet and maximum contiguous space reaching 10,840 square feet. Situated in Shelby County's vibrant Medical District, this converted warehouse offers a chic and modern aesthetic, perfectly suited for medical practices or other commercial tenants. Its location provides easy access to trendy breweries, restaurants, and apartments, creating a dynamic and desirable environment for employees and clients alike. The property's open layout provides the opportunity for tenants to customize the space to meet their specific needs and create a unique and functional workspace. This prime location and flexible space make 430 Monroe Avenue an exceptional investment opportunity. The building's address is 430 Monroe Ave, Memphis, TN 38103.

    Property Features for 430 Monroe Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,141 SF

    Building Details

    Year Built
    1997
    Stories
    3

    Unit(s) available at that property

    Space
    First Floor
    Size
    10,840 SF
    Space
    Second Floor
    Size
    10,840 SF

    HighLights

    • 24,141 SF three‑story medical office building in Memphis, TN's Medical District.
    • Eligible for Memphis Medical District grants and incentives.
    • Strong medical district location anchored by major hospitals and research facilities, generating significant daytime population.
    • Surrounded by over $300M in recent and planned developments, including new apartments, retail, and a large mixed‑use project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Numismatics Store Gen Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Food Market Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0423626
    Latitude
    35.1415759

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Suites Available in Memphis
    Where is this medical office located?
    The property is located at 430 Monroe Ave Memphis, TN.
    What are key features of this property?
    This property features: 24,141 SF three-story medical office building in Memphis, TN's Medical District.; Eligible for Memphis Medical District grants and incentives.; Strong medical district location anchored by major hospitals and research facilities, generating significant daytime population.
    Request Owner's contact information
    430 Monroe Ave Memphis, TN 38103
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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
    430 Monroe Ave Memphis, TN 38103
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