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1695 Bonnie Ln, Memphis, TN 38016
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Property summary
AI-generated overview
This exceptional 5,129 square foot commercial property, located at 1695 Bonnie Ln in Memphis, Tennessee, presents a unique investment opportunity. The single-story, Class B building, constructed in 2001 and extensively renovated in 2021, sits on a 0.511-acre lot (APN: 096500 00645) and is zoned for commercial use. The property boasts ample drive-up parking, making it highly accessible for clients and employees. Its versatile design caters to various uses, including medical office, storefront, and traditional office spaces. The asking price is $795,000, translating to $155 per square foot. Situated in a high-traffic commercial area, the building benefits from excellent visibility and proximity to a diverse range of retail and dining establishments. Convenient access to I-40 further enhances its strategic location, providing easy commutes to Memphis, Germantown, and Bartlett. The property features prominent signage opportunities and is part of a well-maintained, modern office complex. Public transportation is also readily available via a nearby bus line. This turnkey ready space offers a blend of modern amenities and a prime location, making it an ideal investment for discerning buyers.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
5,129 SF
Lot
0.51 ac (22,259 SF)
Zoning code
RU-3
APN
096-500- - -00645
UPID
US80-0998662
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
RU-3 · Cordova, TN
Top alternative use upside
Restaurant
$1.6M
+176.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.45M
Value range
$1.30M – $1.59M
±10% around blend
Estimated value / SF
$282 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$1.30M
blend $1.45M
$1.59M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,129 SF
Lot area
0.51 ac
Year built
2001
Stories
1
APN
096-500- - -00645
Zoning
RU-3
Assessed value
$152,600
Annual tax
$9,296
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$9,296
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.36M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.0 mi away · 3,700 SF
7.4 mi away · 3,960 SF
7.7 mi away · 6,284 SF
8.5 mi away · 6,320 SF
9.3 mi away · 4,480 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.45M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$114
+147%
Submarket 66 sales
$109
+159%
County 632 sales
$120
+136%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $282/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+176%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.70%
Selected cap rate for this office buildings
Derived from the Memphis market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.70%
9.0%
NOI (est.)
$74k *
Last sale · Oct 2023
$1.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.01M
Move the market yield to see immediate price impact.
Value / SF
$392
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.20%3.70%4.20%
$67k
$2.09M
$1.81M
$1.59M
$74k
$2.32M
$2.01M
$1.77M
$82k
$2.56M
$2.21M
$1.95M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$1.73M
4.3 mi · Apr 2026 · $432/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$9,296
Tax year 2022
Assessed value
$152,600
Assessed 2023
Previous assessed
$152,600
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$48,960
Assessed improvement
$103,640
Land market value
$122,400
Improvement market value
$259,100
Total market value
$381,500
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
5,129 SF
Lot
0.51 ac (22,259 SF)
Zoning code
RU-3
APN
096-500- - -00645
UPID
US80-0998662
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Cordova, TNZoning RU-3 · permitted uses
RU-3 · Cordova, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RU-3
Jurisdiction
Cordova, TN
Recorded code
RU-3
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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