85 Danny Thomas Blvd Memphis, TN 38103
- Office buildings
- 68,176 SF
- 3.91 lot acres
Current Use by Public Records
- Dr. Suzanne E. Baker, MD / Family Practice Physician
- Yates Robert L MD / Obstetrician-Gynecologist
- Smith Phillip K MD / Family Practice Physician
- BlueCross BlueShield of Tennessee / Insurance Company / Health Insurance Agency
- Southern Health Plan / Insurance Agency / Health
Property Details for 85 Danny Thomas Blvd
- Year built
- 1970
- Lot size
- 3.91 lot acres
- Property size
- 68,176 SF
- Zone code
- CBD
- Property type
- Office buildings
- APN
- 002-033- - -00001-C
- APU
- 00203300001C
Description
This exceptional six-story, 66,000-square-foot office building, located in Memphis' vibrant Downtown submarket at 85 N Danny Thomas Blvd, presents a unique investment opportunity. Built in 1970 and extensively renovated in 1986, the property boasts multiple tenancy options within its fully vacant 9,000 square-foot floor plates. Suitable for traditional office, executive office, or medical office uses, the building offers significant flexibility for various business needs. The building features ample parking included at no extra cost to tenants, and prominent building signage opportunities are available. Further enhancing its appeal, the property has achieved LEED Platinum Certification, a testament to its commitment to sustainability. Recent upgrades include a complete overhaul of the roof, HVAC system, elevators, and windows. Tenants will also enjoy the convenience of a newly added fitness center and cafeteria located on the lower level. For added security, the building is currently undergoing installation of a fully automated access system and perimeter fencing. This prime Downtown Memphis location, in Shelby County, Tennessee (zip code 38103), offers unparalleled access to the city's amenities and transportation networks. The building's impressive features and strategic location make it an ideal choice for businesses seeking a modern, efficient, and sustainable workspace.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,380,000
- 6.5%
- $2,510,000
- 7%
- $2,340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,060,000
- Geo Method
- $2,420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,455,000
- Retail
- $2,375,000
- Mixed-Use
- $2,160,000
- Hospitality
- $2,040,000
- Educational
- $2,460,000
- Residential Income
- $2,605,000
- Energy
- $2,390,000
- Income-Based Land
- $2,180,000
- Food Service
- $2,470,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0454
- Latitude
- 35.146
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
