Technical
Financial
Distress signals
Property profile

305 Lk Dr Somerville, TN 38068

OFF-MARKET
Medical Office Space
Property ID
US80-1850120
1,975 SF 0.51 ac lot Built 1991
Individually Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1991
Total area 1,975 SF
Lot 0.51 ac (22,000 SF)
Zoning code B2
APN 024090B A 06400
UPID US80-1850120

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Dental Office
  • Dental Office
  • Dental Office

Location

305 Lk Dr Somerville, TN 38068-9724
Somerville metro Census 60501 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2014
2 recorded transactions
2014
$56,000
2008
$149,500

Zoning & alternative use

B2 · Somerville, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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