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    3657 Old Getwell Rd Memphis, TN 38118
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    Property profile & analytics

    3657 Old Getwell Rd, Memphis, TN 38118

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    • Office buildings
    • 29,412 SF
    • 4.10 lot acres
    For Sale
    $4,420,000
    View Listing →
    Memphis Flex Industrial Property For Sale
    $4,420,000
    34,278 SF

    Memphis Flex Industrial Property

    34,278 SF flex industrial property in Memphis, Tennessee for sale.

    3657 Old Getwell Road, Memphis, TN 38118
    View Listing
    Property ID
    US80-1655936
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 3657 Old Getwell Rd

    Year built
    1972
    Lot size
    4.10 lot acres
    Zone code
    EMP
    Property type
    Office buildings
    APN
    073-089- - -00018
    APU
    7308900018

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 10, 2026 — Old Getwell LLC — Deed · related $3.7M · Firstbank
    Aug 7, 2024 $4,150,000 Old Getwell LLC Tn Portfolio 14 LLC Special Warranty Deed $2.5M · Southeast Financial Cu
    Jun 14, 2023 $4,000,000 Tn Portfolio 14 LLC Aren Strategic Finance II LLC Special Warranty Deed $27M · Ameris Bank
    Jan 26, 2023 — Not Provided Nera Investments LLC Correction Deed · related —
    Dec 18, 2020 — Aren Strategic Finance Ill LLC Nera Investments LLC Quit Claim Deed · related —
    Jan 13, 2017 $150,000 Nera Investments LLC Rref II Rb-tn Acquisitions LLC Grant Deed —
    Feb 5, 2014 $50,000 Rref II Rb-tn Acquisitions LLC Quinn Harris P Trustees Deed —
    Feb 19, 2009 — Cassidy Real Estate LLC Cassidy LP II Quit Claim Deed · related —
    Dec 13, 2002 — Cassidy LP III Cassidy,tom & Mary L Quit Claim Deed · related —
    — — Cassidy LP II — Deed Of Trust · related $590k · Regions Bank
    — — Cassidy LP II — Deed Of Trust · related $590k · Regions Bank
    — — Cassidy LP II — Deed Of Trust · related $300k · Regions Bank
    — — Cassidy LP II — Deed Of Trust · related $695k · First Tennessee Bank National

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,850,000
      ML approach
      $3,915,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,426,000
      Market price range: $1.02M - $3.85M
      AI Estimate
      $3,336,000
      Market price range: $1.13M - $5.08M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,205,000
      AUTO REPAIR, GARAGE
      $2,850,000
      APARTMENT HOUSE (5+ UNITS)
      $2,615,000
      RETAIL STORES
      $2,440,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9386
    Latitude
    35.0488
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $44,038
    $73,240
    $649,680
    $722,920
    -
    $183,100
    $1,624,200
    $1,807,300

    Comparable in this City

    • Value Estimation by Request
      775 SF

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      OFFICE BUILDING
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      720 SF

      3227 Jean Dr

      OFFICE BUILDING
      3227 Jean Dr, Memphis, TN 38118-2704
      View Details
    • Value Estimation by Request
      4,800 SF

      2768 Colony Park Dr

      OFFICE BUILDING
      2768 Colony Park Dr, Memphis, TN 38118-2079
      View Details
    • Value Estimation
      $3,260,000
      21,980 SF

      2890 Democrat Rd

      OFFICE BUILDING
      2890 Democrat Rd, Memphis, TN 38118
      View Details
    • Value Estimation by Request
      1,434 SF

      5637 Lamar Ave

      OFFICE BUILDING
      5637 Lamar Ave, Memphis, TN 38118-7945
      View Details
    • Value Estimation by Request
      9,682 SF

      4280 Cherry Ctr Dr

      OFFICE BUILDING
      4280 Cherry Ctr Dr, Memphis, TN 38118-2987
      View Details

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      Three-building office campus in East Memphis submarket.
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      33-Acre Office Campus Opportunity

      301,000+ SF office campus near Memphis Airport.
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      82,000 SF

      82,000 SF Office Building

      82,000 SF office building for sale.
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      Office/Warehouse Facility in Southeast Memphis

      Well-maintained office and warehouse facility with flexible layouts.
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      6,000 SF

      Memphis Office/Warehouse on Getwell Road

      6,000 SF office/warehouse in high-traffic Memphis location.
      4848 Getwell Rd, Memphis, TN 38118
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    • Contact for pricing

      Memphis Industrial Property with Office

      22,507 SF industrial property with office and warehouse.
      3955 Whitebrook Dr, Memphis, TN 38118
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Multi-Tenant Office Space Available

      Class B office space with modern systems and amenities.
      2650 Thousand Oaks Blvd, Memphis, TN 38118
      View Details
    • Contact for pricing

      Flex Space in Willow Lake

      4,025 SF flex space with ample parking available for rent.
      4135-4165 Willow Lake Blvd, Memphis, TN 38118
      View Details
    • $4 SF/Yr

      Premier Memphis Office Space

      Flexible office spaces in a prime Memphis location.
      2851 Lamb Pl, Memphis, TN 38118
      View Details
    View Listing
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    Memphis, TN 38118
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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