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Property profile & analytics
OFF-MARKET Estimated value $600,000
Office Spaces

3257 Sarazens Cire Memphis, TN 38125-0807

2,956 SF 0.07 ac lot Built 2007
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-1016810
Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2007
Total area 2,956 SF
Lot 0.07 ac (3,006 SF)
Zoning code R-15
APN 081-079- -F-00005
UPID US80-1016810
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
$455k
CAP Approach CAP
$640k
Comparable Approach Comparable
$572k
Blend (final) Blend
$600k
Owner & transaction history
Recovery Assocs Grp At Southwi · 5 yrs held
Recovery Assocs Grp At Southwi
since 2020
Last sale
$630,000
4 recorded transactions
2020
$630,000
2017
$450,000
2015
$500,000
2006
$172,000
Zoning & alternative use
R-15 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture. 2. Neighborhood gardens shall: a. be managed to prevent the harborage of rodents and pests; b. be maintained to prevent odors; and c. be ma…

Zone name Residential Single Family 15
General category RESIDENTIAL
Zone area 8,024.06 ac
Source CHAPTER 1
Top alternative use upside
Medical building $425,000 +19.9%
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