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Property profile & analytics
FOR SALE
Office Spaces

3263 E Sarazens Cir Memphis, TN 38125

7,610 SF 0.11 ac lot Built 2018
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US80-1218992
Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2018
Total area 7,610 SF
Lot 0.11 ac (4,792 SF)
Zoning code R-15
APN 081-079- -F-00009
UPID US80-1218992
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
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$660k
Owner & transaction history
Beruk Properties INC · 2 yrs held
Beruk Properties INC
since 2023
Last sale
$700,000
5 recorded transactions
2023
$700,000
2017
$100,000
2016
$150,000
2016
$170,000
2010
$520,800
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 $1.1M +19.9%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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