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Property profile & analytics
FOR LEASE
Medical Office Space

3950 New Covington Pike Memphis, TN 38128

81,440 SF 3.98 ac lot Built 1998
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US80-1863092
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1998
Total area 81,440 SF
Lot 3.98 ac (173,369 SF)
Zoning code R-10
APN 087-004- - -00119
UPID US80-1863092
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
Current use
Occupant on record · Public records
  • Kidney Care Consultants, P.C.: Pathak Minesh MD Physician Medical Clinic
  • North Memphis Medical Clinic Medical Clinic
  • Wesley Neurology Clinic Medical Clinic
  • Sutherland Cardiology Clinic Physician
  • Methodist Diagnostic Center - North Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.65M
Blend (final) Blend
$780k
Owner & transaction history
HOSPITALS MEMPHIS METHODIST
HOSPITALS MEMPHIS METHODIST
Zoning & alternative use
R-10 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture. 2. Neighborhood gardens shall: a. be managed to prevent the harborage of rodents and pests; b. be maintained to prevent odors; and c. be ma…

Zone name Residential Single Family 10
General category RESIDENTIAL
Zone area 20,653.94 ac
Source CHAPTER 1
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