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    Property profile & analytics

    1428 Monroe Ave Memphis, TN 38104-3633

    • Medical offices
    • 14,956 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimation
    $3,200,000
    Last Sale
    Feb 06, 2020
    $3,750,000
    Location Intelligence
    Property ID
    US80-3334941
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fresenius Kidney Care Memphis / Dialysis Center

    Property Details for 1428 Monroe Ave

    Year built
    2007
    Lot size
    0.83 lot acres
    Property size
    14,956 SF
    Zone code
    OG
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    017-023- - -00006-C
    APU
    01702300006C

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,100,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,875,000
      6.5%
      $4,140,000
      7%
      $3,675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,415,000
      Geo Method
      $3,755,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,055,000
      Retail
      $3,090,000
      Mixed-Use
      $3,535,000
      Hospitality
      $3,060,000
      Educational
      $3,940,000
      Residential Income
      $2,950,000
      Energy
      $3,020,000
      Income-Based Land
      $3,280,000
      Food Service
      $3,710,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0138
    Latitude
    35.1379
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $33,265
    $142,680
    $403,400
    $546,080
    -
    $356,700
    $1,008,500
    $1,365,200

    Comparable in this City

    • Value Estimation
      $185,000
      15,908 SF

      2076 Un Ave

      MEDICAL BUILDING • 15,908 SF
      2076 Un Ave, Memphis, TN 38104-4138
      View Details
    • Value Estimation
      $475,000
      6,448 SF

      1533 Un Ave

      MEDICAL BUILDING • 6,448 SF
      1533 Un Ave, Memphis, TN 38104-3726
      View Details
    • Value Estimation
      $280,000
      2,527 SF

      1653 Poplar Ave

      MEDICAL BUILDING • 2,527 SF
      1653 Poplar Ave, Memphis, TN 38104-2511
      View Details
    • Value Estimation
      $260,000
      6,232 SF

      1215 Poplar Ave

      MEDICAL BUILDING • 6,232 SF
      1215 Poplar Ave, Memphis, TN 38104-7241
      View Details
    • Value Estimation
      $605,000
      17,072 SF

      266 Cleveland St

      MEDICAL BUILDING • 17,072 SF
      266 Cleveland St, Memphis, TN 38104-3533
      View Details
    • Value Estimation
      $250,000
      4,388 SF

      1448 Madison Ave

      MEDICAL BUILDING • 4,388 SF
      1448 Madison Ave, Memphis, TN 38104-6313
      View Details

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      Mixed-Use Development in Midtown Memphis

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    1428 Monroe Ave
    Memphis, TN 38104-3633
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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