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Property profile & analytics

266 Cleveland St Memphis, TN 38104-3533

  • Medical offices
  • 17,072 SF
  • 0.37 lot acres
OFF-MARKET
Value Estimations
$740,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US80-1940327
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

  • Scott Edwards DDS / Emergency Dental Service / Teeth Whitening Service
  • Kemp Greg DDS / Dentist
  • Human Technology Prosthetics and Orthotics / Orthotics & Prosthetics Service
  • Mid-America Manufacturing / Manufacturer
  • 𝗔𝟭 𝗔𝘂𝘁𝗼 𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁 𝗠𝗲𝗺𝗽𝗵𝗶𝘀 / Vehicle Shipping Agent

Property Details for 266 Cleveland St

Year built
1957
Lot size
0.37 lot acres
Property size
17,072 SF
Zone code
CMU-3
Property type
Medical offices
Property subtype
Medical centers
APN
016-019- - -00010
APU
1601900010

Description

This exceptional 8,536-square-foot creative office building, located at 266 S Cleveland Street in Memphis, Tennessee, presents a unique investment opportunity. Built in 1957, this Class B property boasts a prime location in the heart of the Medical District, offering convenient access to Methodist University and other key medical facilities. The entire building, encompassing 8,536 contiguous square feet, is currently vacant and available for lease. The two-story structure features one elevator and ample parking with 50 spaces spread across three dedicated lots. The zoning is Commercial - Medical Office - CMU 3, making it ideally suited for a variety of medical office uses, including, but not limited to, chiropractic, physical therapy, dental, or counseling practices. The property includes a single building with a total of 8,536 square feet, offering flexibility for a single tenant or the potential for multiple tenants. The building's address is 266 S Cleveland Street, Memphis, TN 38104, with a cross street of Union Avenue. The Shelby County Assessor's Parcel Number (APN) is 016019 00010. This property offers a rare chance to acquire a substantial, well-located office building in a thriving medical district. The building's size and parking provisions make it an attractive option for a variety of medical professionals seeking a prominent location with ample space and convenient parking for both staff and clients. The second floor is currently available for lease.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $540,000
    Market price range: $527k - $1.63M

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


Location Insight

  • Map
  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-90.0165
Latitude
35.1348
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
$19,469
$23,440
$296,160
$319,600
-
$58,600
$740,400
$799,000
More about this property
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