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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Medical Office Space
3087 Professional Plz Germantown, TN 38138-7912
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0699680
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
3,904 SF
Lot
0.09 ac (3,920 SF)
Zoning code
SC-1
APN
G02-32 - - -00423
UPID
US80-0699680
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$785k
Owner & transaction history
Lida P Curlee · 2 yrs held
Lida P Curlee
since 2024
Last sale
$785,000
4 recorded transactions
Zoning & alternative use
SC-1 · Germantown, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
l district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (SC-1) Office district (O) Office district (O-51) Office district (O-C office campus) Office district (O-T office technology) Old Germantown…
Zone name
Shopping District
General category
COMMERCIAL
Zone area
71.50 ac
Source
code of ordinances
Top alternative use upside
Office building
$1.2M
+107.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Germantown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Germantown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$785,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$870,000
7%
$810,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$560,000
Current use
OFFICE BUILDING
$1,160,000
Change: +108% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $785k (May 14 2024)
Last sale anchor
$785k
May 14 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$201 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$16,990
Tax year 2022
Assessed value
$335,560
Assessed 2023
Previous assessed
$335,560
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$18,760
Assessed improvement
$316,800
Land market value
$46,900
Improvement market value
$792,000
Total market value
$838,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,904 SF
Lot
0.09 ac (3,920 SF)
Zoning code
SC-1
APN
G02-32 - - -00423
UPID
US80-0699680
Jurisdiction
SHELBY
Zoning & alternative use
SC-1 · Germantown, TNZoning SC-1 · permitted uses
SC-1 · Germantown, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
l district (R-3 two-family density) Residential district (R-T multifamily) Residential district (R-H retirement housing) Neighborhood commercial district (C-1) General commercial district (C-2) Shopping center district (SC-1) Office district (O) Office district (O-51) Office district (O-C office campus) Office district (O-T office technology) Old Germantown district (OG) Old Germantown district (OG-1) Smart growth suburban (T-3) Smart growt
Zone name
Shopping District
General category
COMMERCIAL
Zone area
71.50 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$560,000
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Lida P Curlee
Individual
Mailing address
3515 CLASSIC DR S, MEMPHIS, TN 38125-0763
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2024
—
Lida P Curlee
Patrick M Curlee
Intrafamily Transfer
related
—
Dec 16, 2010
$785,000
Kpn Ents LLC
Simpson Family Trust
Warranty Deed
$419,850 · Magna Bank NA
Jun 2, 2004
—
Simpson Trust
Simpson,jon A & Caroline M
Quit Claim Deed
related
—
—
—
Kpn Ents LLC
—
Deed Of Trust
related
$342,000 · Six Bridges Capital Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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