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    620 Sevier St Memphis, TN 38122

    For Lease
    $12 SF/Yr ($4,037 /Mo)

    Prime Summer Corridor Office - 1,337-3,800 SF

    Lot size:
    3,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This single-story, 3,800-square-foot office building at 620 Sevier Street in Memphis, Tennessee, offers a unique opportunity for businesses seeking flexible space in a desirable location. Built in 1987, the property features two suites, with 1,337 square feet currently available for lease. The minimum leasable space is 1,337 square feet, while the maximum contiguous space is the entire 3,800 square feet, allowing for future expansion. The building is situated on a 0.2-acre lot in the Summer Corridor submarket of Shelby County, providing convenient access to Interstate/Sam Cooper Boulevard. Its location on a quiet dead-end street near Summer and Highland offers a peaceful work environment. The property includes ample parking with 10 spaces available. Utilities are serviced by MLGW. The zoning is classified as CH. This traditional office space is also suitable for executive or medical office uses. The building's single-story design and convenient amenities make it an ideal choice for a variety of businesses. Contact us today to learn more about this exceptional leasing opportunity.

    Property Features for 620 Sevier St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,800 SF
    Total Rate
    4037.5

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    620#100
    Size
    1,337 SF
    Rate per SF
    $12

    HighLights

    • Professionally managed building.
    • Excellent access to major thoroughfares.
    • Efficient office suite featuring two private bathrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lazarov Realty Co Real Estate Agency Abogada Ann Schiller Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -89.940697
    Latitude
    35.1488446

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    FAQs

    What type of property is this?
    Medical office - Prime Summer Corridor Office - 1,337-3,800 SF
    Where is this medical office located?
    The property is located at 620 Sevier St Memphis, TN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Professionally managed building.; Excellent access to major thoroughfares.; Efficient office suite featuring two private bathrooms.
    Request Owner's contact information
    620 Sevier St Memphis, TN 38122
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    Memphis, TN 38122
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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
    620 Sevier St Memphis, TN 38122
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