3855 Perkins Rd Memphis, TN 38118-6329
This 3,690 square foot vacant office building, located at 3855 S Perkins Rd, Memphis, TN 38118, presents a compelling redevelopment or value-add investment opportunity. The single-story, 1965-built structure underwent renovations in 2020 and sits on a lot with ample parking. Currently zoned EMP-Employment, this property offers significant flexibility for various uses. Previously operating as a veterinary clinic, it's ideally suited for a pet boarding/grooming facility, capitalizing on a booming $11+ billion industry. However, the adaptable layout allows for conversion to other office spaces or even a small distribution facility. The building's 3,600-4,500 square feet of space provides ample room for expansion or customization. The property is conveniently located near major US highways and local thoroughfares, ensuring excellent accessibility. Available for occupancy immediately, this owner/user property offers a unique chance to establish a thriving business or create a strong return on investment. The asking price is $250,000.
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Parkway Village Companion Animal Hospital Veterinary Clinic
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Doler James L DVM Veterinary Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
EMP · Memphis, TNMemphis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.