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Property profile & analytics
OFF-MARKET Estimated value $275,000
Medical Office Space

1533 Un Ave Memphis, TN 38104-3726

6,448 SF 0.49 ac lot Built 1920
Trust Owned 12-yr Hold Free & Clear
Property ID
US80-1522128
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1920
Total area 6,448 SF
Lot 0.49 ac (21,562 SF)
Zoning code CMU-3
APN 016-023- - -00005
UPID US80-1522128
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
  • Methodist Medical Group - Primary Care Medical Clinic
  • Stephanie Connelly, MD Physician
  • Christi Earnest, MD Physician
  • Simon Tesfau, MD Physician
  • Dr. James Patterson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$995k
Blend (final) Blend
$275k
Owner & transaction history
Kensinger,james H Living Trust · 12 yrs held
Kensinger,james H Living Trust
since 2014
3 recorded transactions
2025
Price N/A
2014
Price N/A
1999
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
Top alternative use upside
Restaurant $1.0M +12.2%
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