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Property profile & analytics
OFF-MARKET Estimated value $255,000
Medical Office Space

1215 Poplar Ave Memphis, TN 38104-7241

6,232 SF 0.4 ac lot Built 1945
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US80-0733210
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1945
Total area 6,232 SF
Lot 0.4 ac (17,555 SF)
Zoning code RU-4
APN 017-001- - -00003
UPID US80-0733210
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
  • Dr. Phillip R. Northcross, MD Physician
  • Dr. Richard Gibbs Physician Medical Clinic
  • Phillip Northcross Physician
  • Katherine Elsenrath Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$255k
Owner & transaction history
Phillip R Bowden · 9 yrs held
Phillip R Bowden
since 2016
7 recorded transactions
2020
Price N/A
2016
Price N/A
2016
$325,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RU-4 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Housing Type RU-1 RU-2 RU-3 RU-4 RU-5 Conventional Side Yard House Cottage ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- -- Semi-Attached Two-Family Townhouse ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ -- -- ■ Large Home Stacked Townhouse Apartment   -- ■ ■ -- ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ = Permitted -- = not permitted  = permitted by Special Use Permit Building Regulations for Permitted Housing…

Zone name Residential Urban 4
General category RESIDENTIAL
Zone area 308.01 ac
Source CHAPTER 1
Top alternative use upside
Restaurant $1.0M +12.2%
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