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    2 2Nd St Memphis, TN 38103

    • Office buildings
    • 23,232 SF
    • 0.12 lot acres
    For Sale
    View listing
    $1,300,000
    Value Estimation
    Last Sale
    Mar 10, 2020
    $875,000
    Location Intelligence
    Property ID
    US80-0174885
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 2 2Nd St

    Year built
    1960
    Lot size
    0.12 lot acres
    Property size
    23,232 SF
    Zone code
    SE
    Property type
    Office buildings
    APN
    002-025- - -00008
    APU
    202500008

    Description

    This exceptional office building, located at 2 N 2nd St in Memphis, Tennessee, offers 30,275 square feet of Class C space in a highly desirable downtown location. The building features three suites, with a minimum divisible space of 5,265 square feet, and currently boasts 18,000 square feet of immediately available space. Its convenient corner location at the intersection of 2nd Street and Madison Avenue provides easy access to numerous amenities, including the Main Street Trolley line, bicycle-friendly paths, and scooter rentals, all within walking distance. The building is equipped with elevators for convenient access to all floors. The available space is ready for immediate occupancy, featuring recently installed new carpet and paint, included in the asking rate. This property presents a unique opportunity for businesses seeking a prominent downtown Memphis address with excellent accessibility and modern finishes. The building is situated in Shelby County, within the Downtown submarket, and offers a traditional office layout suitable for a variety of tenants. The zip code is 38103. This is a multi-tenant building.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $755,000

    • CAP approach

      CAP return
      Estimation
      6%
      $790,000
      6.5%
      $815,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $900,000
      Geo Method
      $860,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $835,000
      Retail
      $775,000
      Mixed-Use
      $710,000
      Hospitality
      $720,000
      Educational
      $740,000
      Residential Income
      $930,000
      Energy
      $790,000
      Income-Based Land
      $795,000
      Food Service
      $825,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0513
    Latitude
    35.145
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,770
    $63,200
    $195,680
    $258,880
    -
    $158,000
    $489,200
    $647,200

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      0.69 Acres

      201 Ct Ave

      OFFICE BUILDING (MULTI-STORY) • 0.69 Acres
      201 Ct Ave, Memphis, TN 38103-2315
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    • Value Estimation by Request
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      OFFICE BUILDING (MULTI-STORY) • 507,568 SF
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      158 Vance Ave

      OFFICE BUILDING • 13,470 SF
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      View Details
    • Value Estimation by Request
      0.54 Acres

      247 Washington Ave

      OFFICE BUILDING • 0.54 Acres
      247 Washington Ave, Memphis, TN 38103-1909
      View Details

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    2 2Nd St
    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
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