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Property profile & analytics
OFF-MARKET Estimated value $365,000
Medical Office Space

3068 Covington Pike Memphis, TN 38128-5001

15,419 SF 1.22 ac lot Built 1982
Individually Owned 7-yr Hold Free & Clear
Property ID
US80-1793959
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1982
Total area 15,419 SF
Lot 1.22 ac (53,274 SF)
Zoning code OG
APN 087-051- - -00114
UPID US80-1793959
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
  • Medicos Medical Center Medical Clinic
  • Keith Morris Family Dentistry Dental Office
  • Dr. Brad S. Buckingham, DMD Dental Office
  • Dr. Mark Eakes Pediatrician Physician
  • Marie Hennelly Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
$502k
Blend (final) Blend
$365k
Owner & transaction history
Camellia Rodney · 7 yrs held
Camellia Rodney
since 2019
4 recorded transactions
2019
$450,000
2014
Price N/A
2009
Price N/A
1969
Price N/A
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B. Office General (OG) The OG District is intended to accommodate a range of more intense professional office uses and a limited range of civic, residential and commercial service uses. The district is intended to be located along freeways and adjacent to commercial uses to act as a buffer between higher intensity commercial and lower intensity residential.…

Zone name Office General
General category CIVIC_INSTITUTIONAL
Zone area 866.70 ac
Source CHAPTER 1
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