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    3855 Perkins Rd Memphis, TN 38118

    For Sale
    $250,000

    Vacant Office Building, High Growth Potential

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 Features for 3855 Perkins Rd

    General Information

    Property type
    Medical offices
    Square Feet
    3,600 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1965/2020
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $250,000 asking price for a vacant, 3,690 square foot office building.
    • Located at 3855 S Perkins Rd, Memphis, TN 38118.
    • Single‑story, 3,600‑4,500 square foot building, built in 1965 and renovated in 2020.
    • Suitable for redevelopment or value‑add investment; zoned EMP‑Employment.
    • Ideal for pet boarding/grooming or continued use as a veterinary clinic; ample parking near major highways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parkway Village Companion ... Animal Hospital Doler James L ... Veterinarian

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9086914
    Latitude
    35.0434528

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    FAQs

    What type of property is this?
    Medical office - Vacant Office Building, High Growth Potential
    Where is this medical office located?
    The property is located at 3855 Perkins Rd Memphis, TN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price for a vacant, 3,690 square foot office building.; Located at 3855 S Perkins Rd, Memphis, TN 38118.; Single-story, 3,600-4,500 square foot building, built in 1965 and renovated in 2020.
    Request Owner's contact information
    3855 Perkins Rd Memphis, TN 38118
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    Memphis, TN 38118
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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
    3855 Perkins Rd Memphis, TN 38118
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