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Property profile & analytics
FOR LEASE
Medical Office Space

1107 E Raines Rd Memphis, TN 38116

2,868 SF 0.48 ac lot Built 1963
Trust Owned 5-yr Hold
Property ID
US80-1493198
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1963
Total area 2,868 SF
Lot 0.48 ac (20,822 SF)
Zoning code R-10
APN 077-044- - -00010
UPID US80-1493198
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
  • Klein Marvin L OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$90k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$100k
Owner & transaction history
Thomas Living Trust · 5 yrs held
Thomas Living Trust
since 2020
Last sale
$120,000
3 recorded transactions
2020
Price N/A
2012
$120,000
1969
Price N/A
Zoning & alternative use
R-10 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture. 2. Neighborhood gardens shall: a. be managed to prevent the harborage of rodents and pests; b. be maintained to prevent odors; and c. be ma…

Zone name Residential Single Family 10
General category RESIDENTIAL
Zone area 20,653.94 ac
Source CHAPTER 1
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