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Property profile & analytics
OFF-MARKET Estimated value $125,000
Office buildings

247 Bodley Ave Memphis, TN 38109-2534

2,500 SF 5 ac lot Built 1978
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-0787216
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Construction FRAME
Total area 2,500 SF
Lot 5 ac (217,756 SF)
Zoning code IH
APN 050-084- - -00002
UPID US80-0787216
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$120k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k
Owner & transaction history
247 Bodley LLC · 5 yrs held
247 Bodley LLC
since 2021
Last sale
$90,000
3 recorded transactions
2023
Price N/A
2021
$90,000
1969
Price N/A
Zoning & alternative use
IH · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be located within an enclosed building. I. Art or Photo Studio or Gallery The following standards apply to art or photo studios or galleries permitte…

Zone name Heavy Industrial
General category MIXED_USE
Zone area 21,172.09 ac
Source CHAPTER 1
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