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Property profile & analytics
OFF-MARKET Estimated value $2,550,000
Medical Office Space

1455 Un Ave Memphis, TN 38104-6727

6,920 SF 0.39 ac lot Built 1952
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1288682
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1952
Total area 6,920 SF
Lot 0.39 ac (16,858 SF)
Zoning code CMU-3
APN 016-022- - -00003
UPID US80-1288682
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
  • Mary Stephens Physician
  • Dr. Robin Friedman-Musicante Physician Medical Clinic
  • Buckley Parker Physician
  • Gardner J Harvey MD Physician Medical Clinic
  • Joseph Pietrangelo Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.57M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.55M
Owner & transaction history
Mdc Properties Group Gp · 3 yrs held
Mdc Properties Group Gp
since 2022
Last sale
$3.2M
4 recorded transactions
2022
$3.2M
2016
Price N/A
2011
Price N/A
2009
Price N/A
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Residential uses are allowed on the ground floor but upper -story units are encouraged. Typical uses in this…

Zone name Commercial Mixed Use 3
General category MIXED_USE
Zone area 4,582.25 ac
Source CHAPTER 1
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