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    948 Reddoch Cv Memphis, TN 38119

    Sponsored
    For Sale
    Contact for pricing

    Prime East Memphis location, high NOI.

    Property size:
    2,149 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,149 square foot Class B executive office building, constructed in 1954, sits on a 0.274-acre lot in the heart of East Memphis, Tennessee (APN: 056038 00007). Located just off Poplar Avenue, it benefits from high visibility and significant traffic (38,809 AADT). The property boasts a strong net operating income (NOI) of $41,803.19. Currently, the building is occupied by Brent Taylor and Paul McCarver Funeral Directors under a lease expiring April 30, 2025 (lease term: 61.5 months, start date: March 15, 2020). Additionally, parking spaces are leased to Sunrise Memphis under a separate 120-month lease (start date: December 19, 2022, end date: December 19, 2032). The surrounding area features a high concentration of retail establishments, including well-known national and local brands such as Office Depot, Domino's Pizza, The Fresh Market, and many more, indicating a strong and vibrant commercial environment. The 1-mile household median income of $108,893 further underscores the desirability of this location. This property presents a compelling investment opportunity in a thriving East Memphis market.

    Property Features for 948 Reddoch Cv

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,149 SF
    Class
    B
    Lot Size
    11,935 SF

    Building Details

    Year Built
    1954

    HighLights

    • Brent Taylor and Paul McCarver Funeral Directors occupy the property, with Sunrise Memphis leasing parking spaces.
    • Excellent East Memphis location, directly south of Poplar Avenue, boasting high traffic counts (38,809 AADT) and strong demographics ($108,893 median household income within 1 mile).
    • Surrounded by a dense concentration of national and local retailers, including Sunrise Memphis, Domino's, Office Depot, and many more.
    • Funeral home lease: 61.5 months remaining (March 15, 2020 - April 30, 2025).
    • Tenants include Brent Taylor and Paul McCarver Funeral Directors.
    • Sunrise Memphis parking lease: 10 years remaining (December 19, 2022 - December 19, 2032).
    Property Profile Location Intelligence

    Current Use by Public Records

    American National Insurance ... Insurance Agency TelaMed PLUS Medical Clinic Brent Taylor and Paul ... Funeral Home The Stevens Agency representing ... Insurance Agency Benefits Consulting Group Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8797099
    Latitude
    35.1057172

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    FAQs

    What type of property is this?
    Office Property / Space - Prime East Memphis location, high NOI.
    Where is this office property / space located?
    The property is located at 948 Reddoch Cv Memphis, TN.
    What are key features of this property?
    This property features: Brent Taylor and Paul McCarver Funeral Directors occupy the property, with Sunrise Memphis leasing parking spaces.; Excellent East Memphis location, directly south of Poplar Avenue, boasting high traffic counts (38,809 AADT) and strong demographics ($108,893 median household income within 1 mile).; Surrounded by a dense concentration of national and local retailers, including Sunrise Memphis, Domino's, Office Depot, and many more.
    (901) 545-3139
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    948 Reddoch Cv Memphis, TN 38119
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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
    948 Reddoch Cv Memphis, TN 38119
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