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Property profile & analytics
OFF-MARKET
Estimated value
$260,000
Medical Office Space
242 Poplar Vw Pkwy Collierville, TN 38017-3435
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US80-3231497
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
FRAME
Total area
4,968 SF
Lot
0.42 ac (18,121 SF)
Zoning code
SCC
APN
C02-44N- -A-00012
UPID
US80-3231497
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
-
Memphis Endodontics PLC Collierville Dental Office
-
24 Hour Emergency Dentist Memphis Dental Office
-
Hayes Family and Cosmetic Dentistry Dental Office
-
Collierville Dental Solutions, Terry S. Hayes D.D.S., P.C. Dental Office
-
Collierville Periodontics Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$260k
Owner & transaction history
Hayes,terrence S · 18 yrs held
Hayes,terrence S
since 2008
6 recorded transactions
Zoning & alternative use
SCC · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
9 TN Traditional Neighborhood District 151.050 MU Mixed Use District Commercial Districts 151.060 Statement of purpose 151.061 NC Neighborhood Commercial District 151.062 MPO Medical-Professional Office District 151.063 SCC Shopping Center Commercial District 151.064 CB Central Business District 151.065 GC General Commercial District Industrial Districts 151…
Zone name
Shopping Center Commercial
General category
COMMERCIAL
Zone area
889.71 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$735,000
Current use
OFFICE BUILDING
$725,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$260k
Range $234k – $286k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$52 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$10,768
Tax year 2022
Assessed value
$210,720
Assessed 2023
Previous assessed
$210,720
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$57,920
Assessed improvement
$152,800
Land market value
$144,800
Improvement market value
$382,000
Total market value
$526,800
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
4,968 SF
Lot
0.42 ac (18,121 SF)
Zoning code
SCC
APN
C02-44N- -A-00012
UPID
US80-3231497
Jurisdiction
SHELBY
Zoning & alternative use
SCC · Collierville, TNZoning SCC · permitted uses
SCC · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
9 TN Traditional Neighborhood District 151.050 MU Mixed Use District Commercial Districts 151.060 Statement of purpose 151.061 NC Neighborhood Commercial District 151.062 MPO Medical-Professional Office District 151.063 SCC Shopping Center Commercial District 151.064 CB Central Business District 151.065 GC General Commercial District Industrial Districts 151.075 Statement of purpose 151.076 RI - Restrictive Industrial District 151.077 GI -
Zone name
Shopping Center Commercial
General category
COMMERCIAL
Zone area
889.71 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$735,000
OFFICE BUILDING
Est. value
$725,000
MEDICAL BUILDING Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Hayes,terrence S
Individual
Mailing address
242 POPLAR VW PKWY STE A, COLLIERVILLE, TN 38017-3435
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2008
$700,000
Hayes,terrence S
Knm Family LP
Warranty Deed
$731,000 · Trustmark Nat'l Bk
Sep 6, 2005
—
Kmn Family
—
Trustees Deed
related
$150,000 · Regions Bank
—
—
Knm Family LP
—
Deed Of Trust
related
$300,000 · First Tennessee Bank National
—
—
Terrence S Hayes
—
Deed Of Trust
related
$332,990 · Trustmark National Bank
—
—
Terrence S Hayes
—
Loan Modification
related
—
—
—
Kmn Family LP
—
Deed Of Trust
related
$100,000 · Union Planters National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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