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    Property profile & analytics

    3860 Frst Hl Irene Rd Memphis, TN 38125-2586

    • Office buildings
    • 75,171 SF
    • 7.01 lot acres
    OFF-MARKET
    Value Estimation
    $10,945,000
    Last Sale
    Apr 03, 2024
    $11,100,000
    Location Intelligence
    Property ID
    US80-1867054
    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.

    Current Use by Public Records

    • Katt Transportation Inc / Trucking Company
    • Beast Athletics / Batting Cage Center / Baseball Club
    • KW Commercial - SAM MITCHELL / Real Estate Agent
    • FedEx Services / Shipping And Mailing Service
    • Collierville & Germantown Real Estate Agents, The Landry Team REALTORS / Real Estate Consultant

    Property Details for 3860 Frst Hl Irene Rd

    Year built
    2000
    Lot size
    7.01 lot acres
    Property size
    75,171 SF
    Zone code
    O-51
    Property type
    Office buildings
    APN
    G02-43 - - -00372
    APU
    G024300372

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $11,100,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,795,000
      6.5%
      $12,130,000
      7%
      $10,015,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,560,000
      Geo Method
      $10,045,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,610,000
      Retail
      $10,075,000
      Mixed-Use
      $10,080,000
      Hospitality
      $10,035,000
      Educational
      $11,040,000
      Residential Income
      $10,835,000
      Energy
      $11,045,000
      Income-Based Land
      $12,575,000
      Food Service
      $10,370,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7568
    Latitude
    35.0429
    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
    $213,748
    $615,080
    $3,606,520
    $4,221,600
    -
    $1,537,700
    $9,016,300
    $10,554,000

    Comparable in this City

    • Value Estimation by Request
      82,630 SF

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    • Value Estimation
      $265,000
      9,716 SF

      7125 Riverdale Bnd Rd

      OFFICE BUILDING • 9,716 SF
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    • Value Estimation by Request
      60,006 SF

      8700 Trl Lk Dr

      OFFICE BUILDING • 60,006 SF
      8700 Trl Lk Dr, Memphis, TN 38125-8205
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    • Value Estimation
      $1,555,000
      7,016 SF

      3242 Players Clb Cir

      OFFICE BUILDING • 7,016 SF
      3242 Players Clb Cir, Memphis, TN 38125-8843
      View Details
    • Value Estimation
      $605,000
      11,988 SF

      3760 Business Dr

      OFFICE BUILDING • 11,988 SF
      3760 Business Dr, Memphis, TN 38125-8505
      View Details
    • Value Estimation
      $550,000
      24,142 SF

      8335 Ave Of Commerce

      OFFICE BUILDING • 24,142 SF
      8335 Ave Of Commerce, Memphis, TN 38125
      View Details

    Similar Nearby for Sale

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      Prime 1.87-acre commercial lot
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    Similar Nearby for Lease

    • $16 SF/Yr
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      Germantown Single-Story Office Building

      Single-story office building in Germantown with ample parking.
      3740 Business Dr, Memphis, TN 38125
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    • $21 SF/Yr
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      Southwind Office Center Space Available

      Office spaces available in Memphis's Southwind Office Center.
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      10,689 SF

      Champion Hills Office Space for Lease

      Memphis Office Building, 10,689 SF Available
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    • Contact for pricing
      54,651 SF

      Memphis Office Space for Lease

      Modern Office Suites, Flexible Sizes Available
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    • $15 SF/Yr
      1,500 SF

      Office Space For Rent

      Office space available for lease. Contact broker for details.
      Riverdale Bend Rd, Memphis, TN 38125
      View Details
    • $19 SF/Yr
      3,000 SF

      Furnished Office Space Available

      3,000 SF Memphis office space for rent.
      7900 Winchester Rd, Memphis, TN 38125
      View Details
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    3860 Frst Hl Irene Rd
    Memphis, TN 38125-2586
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    Realmo Value Estimation

    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.

    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.

    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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