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Property profile & analytics
OFF-MARKET Estimated value $230,000
Medical Office Space

3298 Hwy 61 Memphis, TN 38109

2,010 SF 0.58 ac lot Built 1950
Entity Owned 6-yr Hold Free & Clear
Property ID
US80-1444835
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1950
Total area 2,010 SF
Lot 0.58 ac (25,395 SF)
Zoning code CMU-3
APN 050-124- - -00028
UPID US80-1444835
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k
Owner & transaction history
Oncall Hvac LLC · 6 yrs held
Oncall Hvac LLC
since 2019
Last sale
$450,000
3 recorded transactions
2019
$55,000
2015
$67,500
1999
Price N/A
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Residential uses are allowed on the ground floor but upper -story units are encouraged. Typical uses in this…

Zone name Commercial Mixed Use 3
General category MIXED_USE
Zone area 4,582.25 ac
Source CHAPTER 1
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