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Property profile & analytics
FOR LEASE
Office buildings
3175 Lenox Park Blvd Memphis, TN 38115
Entity Owned
Free & Clear
Property ID
US80-0068496
For Lease
1 / 2
Contact for pricing
3175 Lenox Park Blvd, Memphis, TN 38115
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
103,023 SF
Lot
7.83 ac (341,118 SF)
Zoning code
CMU-2
APN
093-200- - -00408
UPID
US80-0068496
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
-
Barfield Valerie L Physician
-
Dr. Albert Grobmyer Physician
-
Bliss Julie S Medical Clinic
-
Quality Home Health Services Home Health Care Service
-
Logan Portable Toilets Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
3175 Lenox Park Blvd LLC
3175 Lenox Park Blvd LLC
since 2026
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$65,563
Tax year 2022
Assessed value
$1,076,280
Assessed 2023
Previous assessed
$1,076,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$487,440
Assessed improvement
$588,840
Land market value
$1,218,600
Improvement market value
$1,472,100
Total market value
$2,690,700
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1996
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
103,023 SF
Lot
7.83 ac (341,118 SF)
Zoning code
CMU-2
APN
093-200- - -00408
UPID
US80-0068496
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Memphis, TN
Zoning CMU-2 · permitted uses
CMU-2 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
7.83 ac
Current owner
From public records · entity-resolved
3175 Lenox Park Blvd LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5350 POPLAR AVE STE #205, MEMPHIS, TN 38119-3661
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
$1,601,650
3175 Lenox Park Blvd LLC
Lenox Park A LLC
Deed
related
—
Nov 3, 2025
$1,601,650
3175 Lenox Park Blvd LLC
Lenox Park A LLC
Special Warranty Deed
—
Aug 26, 2019
—
Lenox Park A LLC
—
Deed
related
$11,050,000 · Inpoint Reit Operating Ptshp L
Nov 17, 2017
$2,675,000
Lenox Park A LLC
6625 Lenox Park Boulevard Hold
Grant Deed
related
—
Apr 24, 2014
$6,112,500
Lenox Park Boulevard Hold 6625
Clift R Spencer III
Trustees Deed
—
Mar 20, 2007
$923,580
Nnn Lenox Park 28 LLC
Nnn Lenox Park LLC
Grant Deed
related
—
Mar 1, 2007
$689,020
Nnn Lenox Park 30 LLC
Nnn Lenox Park LLC
Grant Deed
related
—
Jan 4, 2007
$11,780,000
Nnn Lenox Park LLC
Lenox Park Building A Partners
Limited Warranty Deed
$17,300,000 · Lasalle Bank NA
Nov 16, 2006
—
Lenox Park Building B Partners
Lenox Park Building A Partners
Quit Claim Deed
related
—
—
—
Lenox Park A LLC
—
Deed Of Trust
related
$11,050,000 · Inpoint Reit Operating Ptshp L
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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