Property profile

3775 Covington Pike Memphis, TN 38135

OFF-MARKET
Medical Office Space
Property ID
US80-2043564
8,230 SF 0.76 ac lot Built 1991
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1991
Total area 8,230 SF
Lot 0.76 ac (33,323 SF)
Zoning code RW
APN 087-004- -B-00001-C
UPID US80-2043564

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Environmental Consultant
  • Physician
  • Physician
  • Physician

Location

3775 Covington Pike Memphis, TN 38135-2279
Memphis metro Census 20532 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2020
Last sale
$355,000
4 recorded transactions
2020
$355,000
2019
$215,000
2018
$235,000
1969
Price N/A

Zoning & alternative use

RW · Memphis, TN
Zoning description

A. Residential Work (RW) The RW District is intended to provide appropriate areas for new and existing development that incorporates both small- scale residential and office uses within close proximity to one another and…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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