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    Property profile & analytics

    2565 Horizon Lake Dr Memphis, TN 38133

    • Office buildings
    • 41,300 SF
    • 3.60 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1016284
    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

    • Dr. Lori R. Holtzman, MD / Pediatrician / Medical Clinic
    • Fleet Tech / Freight Service / Logistics Company
    • Community Health Care Ambulance / Ambulance Service
    • Cody's Center of Hope, Dedicated Pediatric Care PC / Pediatrician / Medical Clinic
    • Best Choice Roofing / Roofing Company / General Contractor

    Property Details for 2565 Horizon Lake Dr

    Year built
    1990
    Lot size
    3.60 lot acres
    Property size
    41,300 SF
    Zone code
    CA
    Property type
    Office buildings
    APN
    092-008- - -00014
    APU
    9200800014

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,363,000
      Market price range: $2.61M - $8.00M
      AI Estimate
      $2,795,000
      Market price range: $1.49M - $4.75M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,925,000
      Current use
      MEDICAL BUILDING
      $5,910,000
      Change: +20% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,005,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7982
    Latitude
    35.1957
    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
    $83,107
    $313,800
    $1,050,480
    $1,364,280
    -
    $784,500
    $2,626,200
    $3,410,700

    Comparable in this City

    • Value Estimation
      $905,000
      14,606 SF

      3150 Appling Rd

      OFFICE BUILDING • 14,606 SF
      3150 Appling Rd, Bartlett, TN 38133-3994
      View Details
    • Value Estimation
      $960,000
      6,960 SF

      2795 Appling Rd

      OFFICE BUILDING • 6,960 SF
      2795 Appling Rd, Memphis, TN 38133-5078
      View Details
    • Value Estimation
      $950,000
      6,000 SF

      6850 Hillshire Dr

      OFFICE BUILDING • 6,000 SF
      6850 Hillshire Dr, Memphis, TN 38133-7047
      View Details
    • Value Estimation by Request
      1,155 SF

      6734 Whitten Pl

      OFFICE BUILDING • 1,155 SF
      6734 Whitten Pl, Memphis, TN 38133-6012
      View Details
    • Value Estimation by Request
      2,606 SF

      7892 Us Hwy 70

      OFFICE BUILDING • 2,606 SF
      7892 Us Hwy 70, Bartlett, TN 38133-1306
      View Details
    • Value Estimation by Request
      1,230 SF

      6969 Us Hwy 70

      OFFICE BUILDING • 1,230 SF
      6969 Us Hwy 70, Bartlett, TN 38133-3811
      View Details

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    • $1,250,000

      Versatile Commercial Building in Memphis

      Adaptable commercial space suitable for office, retail, or flex use.
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      Memphis Light Industrial/Manufacturing Opportunity

      Versatile flex/warehouse space with office, convenient location, and dual power.
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    • Contact for pricing

      New Flex Facility Available

      New flex facility with flexible build-out options available for lease.
      8000 Horizon Center Blvd, Memphis, TN 38133
      View Details
    • Contact for pricing
      2.10 Acres

      Bartlett Industrial Land Parcels

      Memphis industrial land, build-ready lots.
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      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Freestanding Office Building For Lease

      Freestanding office building in Bartlett, near Stage Road and Germantown.
      7953 Stage Hills Blvd, Memphis, TN 38133
      View Details
    • $28 SF/Yr
      2,677 SF

      Germantown Retail or Office Space

      2,845 SF retail or office space available for lease.
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      View Details
    • $16 SF/Yr
      22,800 SF

      7657 US Hwy 70 Creative Office Space

      Modern Creative Office, Flexible Suites
      7657 Us Highway 70, Memphis, TN 38133
      View Details
    • Contact for pricing
      23,179 SF

      Medical Office Building For Rent

      Three-story medical office building in a rapidly growing submarket.
      7865 Educators Ln, Memphis, TN 38133
      View Details
    • $16 SF/Yr

      Memphis Flex and Office Space

      Flex and office spaces available for lease at Whitten and Hillshire.
      6850-6890 Hillshire Dr, Memphis, TN 38133
      View Details
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      1,624 SF

      Bartlett Office Space For Rent

      Office space featuring a reception area, offices, and break room.
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      View Details
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    2565 Horizon Lake Dr
    Memphis, TN 38133
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    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
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