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    Property profile & analytics

    2829 Lamar Ave Memphis, TN 38114-5016

    • Medical offices
    • 12,012 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US80-0163826
    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

    • Good Health Institute (Greer Joe C DDS) / Physical Therapy Clinic / Dentist
    • Comprehensive Diabetes And Metabolic Center Of Excellence / Medical Clinic / Endocrinologist
    • Dr. Sheila B. Thomas, DO / Family Practice Physician
    • Transforming Bodies Fitness Senior Wellness Center / Wellness Center
    • Janet Walker, NP / Nurse Practitioner

    Property Details for 2829 Lamar Ave

    Year built
    1957
    Lot size
    0.69 lot acres
    Property size
    12,012 SF
    Zone code
    CMU-3
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    059-019- - -00028
    APU
    5901900028

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $310,000
      7%
      $370,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $370,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $355,000
      Mixed-Use
      $400,000
      Hospitality
      $395,000
      Educational
      $355,000
      Residential Income
      $370,000
      Energy
      $385,000
      Income-Based Land
      $325,000
      Food Service
      $320,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9686
    Latitude
    35.0928
    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
    $15,846
    $26,560
    $233,560
    $260,120
    -
    $66,400
    $583,900
    $650,300

    Comparable in this City

    • Value Estimation by Request
      8.10 Acres

      1979 Alcy Rd

      MEDICAL BUILDING • 8.10 Acres
      1979 Alcy Rd, Memphis, TN 38114-5902
      View Details
    • Value Estimation
      $190,000
      1,722 SF

      1952 Lamar Ave

      MEDICAL BUILDING • 1,722 SF
      1952 Lamar Ave, Memphis, TN 38114-2151
      View Details
    • Value Estimation
      $165,000
      2,049 SF

      1948 Lamar Ave

      MEDICAL BUILDING • 2,049 SF
      1948 Lamar Ave, Memphis, TN 38114
      View Details
    • Value Estimation by Request
      2,400 SF

      2390 Lamar Cir

      MEDICAL BUILDING • 2,400 SF
      2390 Lamar Cir, Memphis, TN 38114
      View Details
    • Value Estimation by Request
      744 SF

      2212 Airways Blvd

      MEDICAL BUILDING • 744 SF
      2212 Airways Blvd, Memphis, TN 38114-5361
      View Details
    • Value Estimation
      $195,000
      2,800 SF

      2523 Lamar Ave

      MEDICAL BUILDING • 2,800 SF
      2523 Lamar Ave, Memphis, TN 38114-4348
      View Details

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      0.11 Acres

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      Residential lot available for building a home or investment property.
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    Similar Nearby for Lease

    • $5 SF/Yr
      2,583 SF

      Lamar Retail/Office Space Available

      Retail and office spaces available for lease.
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      88,862 SF

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      Neighborhood shopping center with spaces and outparcel for lease.
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      View Details
    • Contact for pricing
      4,578 SF

      Retail Spaces on Lamar Avenue

      Retail spaces available near Memphis International Airport.
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      View Details
    • $190,000
      4,888 SF

      Former Restaurant on Corner Lot

      Freestanding 4,888 SF former restaurant available for lease.
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    • $15 SF/Yr
      3,233 SF

      Automotive Property with Five Bays

      Automotive property featuring five bays, office, and gated parking.
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    Memphis, TN 38114-5016
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    Realmo Value Estimation

    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.

    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.

    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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