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Property profile & analytics
OFF-MARKET Estimated value $225,000
Medical Office Space

3122 Thomas St Memphis, TN 38127-6003

1,209 SF 0.2 ac lot Built 1957
Individually Owned 3-yr Hold Absentee Owner
Property ID
US80-0174869
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1957
Construction FRAME
Total area 1,209 SF
Lot 0.2 ac (8,538 SF)
Zoning code CMU-1
APN 069-032- - -00013
UPID US80-0174869
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
  • Vanraj Modhvadia DDS Dental Office
  • V.M MODHVADIA Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k
Owner & transaction history
Vanraj M Modhvadia · 3 yrs held
Vanraj M Modhvadia
since 2022
3 recorded transactions
2022
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…

Zone name Commercial Mixed Use 1
General category MIXED_USE
Zone area 3,556.17 ac
Source CHAPTER 1
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