430 Monroe Ave Memphis, TN 38103
- Warehouses
- 24,141 SF
- 0.27 lot acres
Current Use by Public Records
- Numismatics Store Gen / Store
Property Details for 430 Monroe Ave
- Year built
- 1910
- Lot size
- 0.27 lot acres
- Property size
- 24,141 SF
- Zone code
- CBD
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 007-002- - -00007
- APU
- 700200007
Description
This exceptional three-story medical office building, located at 430 Monroe Avenue in Memphis, Tennessee, offers a unique opportunity for businesses seeking flexible and modern space. Built in 1997, the property boasts a total of 24,141 square feet, currently featuring two suites. A significant portion of the building, totaling 21,680 square feet, is currently vacant and available for lease. The building's design allows for adaptable layouts, with minimum divisible space starting at 1,000 square feet and maximum contiguous space reaching 10,840 square feet. Situated in Shelby County's vibrant Medical District, this converted warehouse offers a chic and modern aesthetic, perfectly suited for medical practices or other commercial tenants. Its location provides easy access to trendy breweries, restaurants, and apartments, creating a dynamic and desirable environment for employees and clients alike. The property's open layout provides the opportunity for tenants to customize the space to meet their specific needs and create a unique and functional workspace. This prime location and flexible space make 430 Monroe Avenue an exceptional investment opportunity. The building's address is 430 Monroe Ave, Memphis, TN 38103.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,590,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,075,000
- 6.5%
- $1,920,000
- 7%
- $2,090,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,030,000
- Geo Method
- $2,130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,805,000
- Retail
- $2,160,000
- Mixed-Use
- $1,705,000
- Hospitality
- $2,300,000
- Educational
- $2,150,000
- Residential Income
- $2,150,000
- Energy
- $2,275,000
- Income-Based Land
- $2,270,000
- Food Service
- $2,190,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -90.0424
- Latitude
- 35.1416
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
