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Property profile & analytics
FOR SALE
Medical Office Space

3590 Thomas St Memphis, TN 38127

3,417 SF 1.7 ac lot Built 1946
Entity Owned 9-yr Hold
Property ID
US80-1952606
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1946
Total area 3,417 SF
Lot 1.7 ac (74,052 SF)
Zoning code CMU-1
APN 069-062- - -00031-C
UPID US80-1952606
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
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k
Owner & transaction history
Gabrion Properties LLC · 9 yrs held
Gabrion Properties LLC
since 2017
7 recorded transactions
2019
Price N/A
2019
Price N/A
2017
$75,000
2008
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…

Zone name Commercial Mixed Use 1
General category MIXED_USE
Zone area 3,556.17 ac
Source CHAPTER 1
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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