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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Medical Office Space
2589 Appling Rd Memphis, TN 38133-5002
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US80-1666934
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
5,088 SF
Lot
0.53 ac (23,261 SF)
Zoning code
R-6
APN
095-100- - -00188
UPID
US80-1666934
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
-
Ramon T Ungab, MD Physician
-
Aparna Murti, MD Pediatrician Physician
-
Jeffrey Banham, APN, DNP Physician
-
Methodist Medical Group - Primary Care Physician
-
Katherine Oakley Kopinski Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$590k
Owner & transaction history
William C Jackson · 12 yrs held
William C Jackson
since 2013
7 recorded transactions
Zoning & alternative use
R-6 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis 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
$730,000
Current use
OFFICE BUILDING
$605,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$116 / 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
$12,656
Tax year 2022
Assessed value
$207,760
Assessed 2023
Previous assessed
$207,760
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$31,640
Assessed improvement
$176,120
Land market value
$79,100
Improvement market value
$440,300
Total market value
$519,400
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
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
5,088 SF
Lot
0.53 ac (23,261 SF)
Zoning code
R-6
APN
095-100- - -00188
UPID
US80-1666934
Jurisdiction
SHELBY
Zoning & alternative use
R-6 · Memphis, TN
Zoning R-6 · permitted uses
R-6 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$730,000
OFFICE BUILDING
Est. value
$605,000
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
William C Jackson
Individual
Mailing address
2589 APPLING RD, MEMPHIS, TN 38133-5002
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2019
—
William C Jackson
—
Deed
related
$429,657 · First Alliance Bk
Dec 26, 2013
$600,000
William C Jackson
Thorp,max K
Warranty Deed
$47,500 · Max K Thorp
Dec 3, 2009
—
Max K Thorp
—
Trustees Deed
related
$37,500 · First Alliance Bank Fsb
Nov 3, 2008
—
Max Thorp
—
Trustees Deed
related
$37,500 · First Alliance Bank Fsb
—
—
Max K Thorp
—
Loan Modification
related
$512,797 · First Alliance Bank Fsb
—
—
Max K Thorp
—
Deed Of Trust
related
$5,000 · First Alliance Bank Fsb
—
—
William C Jackson
—
Loan Modification
related
$429,657 · First Alliance Bk
—
—
Max K Thorp
—
Deed Of Trust
related
$37,500 · First Alliance Bank Fsb
—
—
Thorp,max K
—
Deed Of Trust
related
$36,780 · First Alliance Bank Fsb
—
—
Max K Thorp
—
Loan Modification
related
$47,500 · First Alliance Bank Fsb
—
—
Max K Thorp
—
Loan Modification
related
$512,797 · First Alliance Bank Fsb
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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