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Property profile & analytics
OFF-MARKET Estimated value $215,000
Medical Office Space

1057 Raines Rd Memphis, TN 38116-6336

3,516 SF 0.48 ac lot Built 1947
Trust Owned 11-yr Hold
Property ID
US80-1718820
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1947
Total area 3,516 SF
Lot 0.48 ac (20,778 SF)
Zoning code OG
APN 077-044- - -00005
UPID US80-1718820
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Firestone Dental Group: Lewis Beverly DDS Dental Office
  • Nellie Harriette Center-Health Dental Office
  • Williams Ashley DDS Dental Office
  • Harriette Nellie Center For Help Physician
  • Dr. Lovelace Gipson Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k
Owner & transaction history
Gipson,lovelace P & A T Trust · 11 yrs held
Gipson,lovelace P & A T Trust
since 2015
2 recorded transactions
2015
Price N/A
2002
Price N/A
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B. Office General (OG) The OG District is intended to accommodate a range of more intense professional office uses and a limited range of civic, residential and commercial service uses. The district is intended to be located along freeways and adjacent to commercial uses to act as a buffer between higher intensity commercial and lower intensity residential.…

Zone name Office General
General category CIVIC_INSTITUTIONAL
Zone area 866.70 ac
Source CHAPTER 1
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