Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    236 Adams Ave Memphis, TN 38103-1922

    • Office buildings
    • 6,484 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    $455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1383236
    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

    • Alpha Legal Solutions / Legal Services
    • Alpha Reporting Corporation / Court Reporter

    Property Details for 236 Adams Ave

    Year built
    1920
    Lot size
    0.27 lot acres
    Property size
    6,484 SF
    Zone code
    CBD
    Property type
    Office buildings
    APN
    002-029- - -00026
    APU
    202900026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $566,000
      Market price range: $259k - $990k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0471
    Latitude
    35.1473
    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
    $10,687
    $72,360
    $103,080
    $175,440
    -
    $180,900
    $257,700
    $438,600

    Comparable in this City

    • Value Estimation by Request
      88,652 SF

      65 Un Ave

      OFFICE BUILDING (MULTI-STORY) • 88,652 SF
      65 Un Ave, Memphis, TN 38103-5196
      View Details
    • Value Estimation by Request
      268,812 SF

      123 Frnt St

      OFFICE BUILDING (MULTI-STORY) • 268,812 SF
      123 Frnt St, Memphis, TN 38103-3607
      View Details
    • Value Estimation by Request
      0.69 Acres

      201 Ct Ave

      OFFICE BUILDING (MULTI-STORY) • 0.69 Acres
      201 Ct Ave, Memphis, TN 38103-2315
      View Details
    • Value Estimation by Request
      507,568 SF

      40 Main St

      OFFICE BUILDING (MULTI-STORY) • 507,568 SF
      40 Main St, Memphis, TN 38103-2514
      View Details
    • Value Estimation by Request
      13,470 SF

      158 Vance Ave

      OFFICE BUILDING • 13,470 SF
      158 Vance Ave, Memphis, TN 38103-4319
      View Details
    • Value Estimation by Request
      0.54 Acres

      247 Washington Ave

      OFFICE BUILDING • 0.54 Acres
      247 Washington Ave, Memphis, TN 38103-1909
      View Details

    Similar Nearby for Sale

    • $1,030,000
      10,000 SF

      Downtown Area Multi-Tenant Building

      Three-story, 10,000 SF building near downtown Memphis.
      386-390 S Main St, Memphis, TN 38103
      View Details
    • $1,500,000
      15,400 SF

      Memphis Office Building For Sale

      Office building with 15,400 square feet of space.
      119 S Court Ave, Memphis, TN 38103
      View Details
    • $315,000
      2,100 SF

      Downtown Memphis Freestanding Office Building

      2,100 SF fully renovated office space with dedicated parking.
      251 Adams Ave, Memphis, TN 38103
      View Details
    • Contact for pricing
      11,250 SF

      Historic Office Building with Warehouse

      Two-story office building with warehouse space in Downtown Memphis.
      189 Jefferson Ave, Memphis, TN 38103
      View Details
    • Contact for pricing

      Downtown Memphis Redevelopment Opportunity

      52,684 SF building in vibrant downtown location.
      122 S Main St, Memphis, TN 38103
      View Details
    • $5,300,000
      16,525 SF

      Highly Visible Accessible Office Building

      Office building with controlled access parking and major street access.
      400 Union Ave, Memphis, TN 38103
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      18,513 SF

      Downtown Historic Class A Office

      Class A historic office building in the heart of Downtown.
      119 South Main St, Memphis, TN 38103
      View Details
    • Contact for pricing
      308,304 SF

      Downtown Memphis Office and Retail

      Office and retail spaces with excellent views and amenities.
      50 N Front St, Memphis, TN 38103
      View Details
    • Contact for pricing
      66,000 SF

      Downtown Memphis Office Building

      66,000 SF Office Space Available
      85 Danny Thomas Blvd, Memphis, TN 38103
      View Details
    • $4,800 /Mo
      370 SF

      Downtown Memphis Office Suites

      Historic Charm, Prime Location, 3 Suites Available
      242 Poplar Ave, Memphis, TN 38103
      View Details
    • Contact for pricing
      2,293 SF

      Memphis Office and Retail Space

      Office and retail spaces available in historic Peabody Place.
      50 Peabody Pl, Memphis, TN 38103
      View Details
    • Contact for pricing
      3,108 SF

      Downtown Memphis Office Space

      Office space in a premier downtown Memphis location.
      81 Monroe Ave, Memphis, TN 38103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    236 Adams Ave
    Memphis, TN 38103-1922
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.