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Property profile & analytics
OFF-MARKET Estimated value $240,000
Medical Office Space

3251 Park Ave Memphis, TN 38111-3045

3,538 SF 0.19 ac lot Built 1979
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-1520392
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1979
Construction FRAME
Total area 3,538 SF
Lot 0.19 ac (8,494 SF)
Zoning code OG
APN 059-072- - -00012
UPID US80-1520392
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
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k
Owner & transaction history
Dwayne A Jones Construction Company · 2 yrs held
Dwayne A Jones Construction Company
since 2024
1 recorded transaction
2024
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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