Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1575 Parr Avenue Dyersburg, TN 38024

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    7,908 sq. ft. medical office building with 40 parking spaces.

    Type:Office, Retail
    Property size:
    7,908 SF
    Price / SF:
    $120/SF
    Added:
    Nov 8, 2024
    Days on Market:
    536
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 1575 Parr Avenue

    General Information

    Standard status
    Active
    Size
    7,908 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    Dreana Sinclair

    Listing agent Dreana Sinclair License #208091

    Listing office First Southern Real Estate

    Listing date Nov 8, 2024

    Source Crexi

    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 First Southern Real Estate

    Overview

    Medical Office Building For Sale

    A 7,908 sq. ft. medical office building is available for sale. The property includes approximately 40 parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DaVita Dyersburg At Home Medical Clinic Dr. Ramakant M. ... Physician West Tn Kidney ... Medical Clinic Dr. Kandala R. ... Physician Dr. Shree Mulay Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Dr. William T. Dickerson — 410 US-51 BYP, Dyersburg, TN 38024
    • Harris John DVM — 410 TN-3, Dyersburg, TN 38024
    • Crisp Jimmy DVM — 410 TN-3, Dyersburg, TN 38024
    • Dyer County Animal Hospital — 410 US-51 W, Dyersburg, TN 38024

    Location Insight

    • Map
    • Local Demand
    City
    Dyersburg
    County
    Dyer
    State
    Tennessee
    Longitude
    -89.382325
    Latitude
    36.047981

    Nearby Similar for Sale

    • $84,900
      4,219 SF

      Dyersburg Commercial Building For Sale

      Versatile commercial building suitable for retail, office, or service-based operations.
      1334 E Court Street, Dyersburg, TN 38024
      View Details
    • $149,900
      2,040 SF

      Dyersburg Commercial Property with Charm

      Versatile commercial space in downtown Dyersburg with historic features.
      119 W Market Street, Dyersburg, TN 38024
      View Details
    • $249,900
      1,813 SF

      Dyersburg Commercial Property with Warehouse

      4.7-acre commercial property featuring office, shop, and warehouse space.
      1335 E Court Street, Dyersburg, TN 38024
      View Details
    • $249,900
      4,000 SF

      Dyersburg Commercial Property on Highway

      4000 SF commercial building with high traffic frontage.
      345 US-51 Bypass, Dyersburg, TN 38024
      View Details
    • $135,000
      952 SF

      Dyerburg Restaurant Opportunity

      Commercial restaurant property in the heart of Dyerburg, Tennessee.
      414 E Court, Dyerburg, TN 38024
      View Details
    • $64,900
      1,728 SF

      Dyersburg Duplex with Rental Income

      Income-generating duplex in Dyersburg, Tennessee with strong management history.
      715 Byars Street, Dyersburg, TN 38024
      View Details
    • $135,000
      952 SF

      Dyersburg Commercial Property For Sale

      Commercial property in the heart of Dyersburg, Tennessee.
      414 E Court Street, Dyersburg, TN 38024
      View Details
    • $69,900
      2,010 SF

      Dyersburg Duplex with Income Potential

      Duplex in Dyersburg, TN with tenant income and vacant unit.
      1826 Schaffer Street, Dyersburg, TN 38024
      View Details
    • $217,000
      1,718 SF

      Dyersburg Duplex: Income Opportunity

      Residential duplex in Dyersburg, TN, ideal for investors.
      202 College Street, Dyersburg, TN 38024
      View Details
    • $149,900
      2,131 SF

      Dyersburg Retail Space For Sale

      Commercial space in historic downtown Dyersburg, currently a home decor boutique.
      321 Troy Avenue, Dyersburg, TN 38024
      View Details
    • $94,900
      3,778 SF

      Dyersburg Quadplex Investment Opportunity

      Well-maintained quadplex with income potential in a desirable location.
      704 Finley Street, Dyersburg, TN 38024
      View Details
    • $174,900
      2,366 SF

      Dyersburg Triplex Investment Opportunity

      Fully occupied triplex with strong rental history in Dyersburg, TN.
      628 Christie Street, Dyersburg, TN 38024
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 7,908 sq. ft. medical office building with 40 parking spaces.
    Where is this medical office space located?
    The property is located at 1575 Parr Avenue Dyersburg, TN.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Large 7,908 sq.ft. medical office building for sale.; Approximately 40 parking spaces.; Built in 1994.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dreana Sinclair
    Real Estate License ID: 208091
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!