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Property profile & analytics
FOR SALE
Medical Office Space

2860 Covington Pike Memphis, TN 38128-8090

19,592 SF 7.19 ac lot Built 1997
Entity Owned 4-yr Hold Free & Clear
Property ID
US80-0805177
2860 Covington Pike, Memphis, TN 38128-8090 For Sale
Contact for pricing 19,592 SF
2860 Covington Pike, Memphis, TN 38128-8090
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Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1997
Total area 19,592 SF
Lot 7.19 ac (313,196 SF)
Zoning code R-10
APN 088-012- - -00133-C
UPID US80-0805177
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
  • Raleigh Group Pediatrician Medical Clinic
  • Mrs. Veronica Ahmadian Pediatrician Medical Clinic
  • Dr. David K. Ragland, MD Pediatrician Medical Clinic
  • Dr. Jennifer D. Mink, MD Pediatrician Medical Clinic
  • Douglas M MacGaw, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.12M
CAP Approach CAP
$3.60M
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$3.13M
Owner & transaction history
Stiefvater Orchards LP · 4 yrs held
Stiefvater Orchards LP
since 2022
Last sale
$3.9M
2 recorded transactions
2022
$3.9M
2022
Price N/A
Zoning & alternative use
R-10 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture. 2. Neighborhood gardens shall: a. be managed to prevent the harborage of rodents and pests; b. be maintained to prevent odors; and c. be ma…

Zone name Residential Single Family 10
General category RESIDENTIAL
Zone area 20,653.94 ac
Source CHAPTER 1
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