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    Property profile & analytics

    4031 Austin Peay Hwy Memphis, TN 38128-2503

    • Medical offices
    • 7,939 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimation
    $3,305,000
    Last Sale
    Jul 19, 2021
    $3,908,000
    Location Intelligence
    Property ID
    US80-2717830
    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

    • DaVita Singleton Farms Dialysis / Dialysis Center / Local Medical Services

    Property Details for 4031 Austin Peay Hwy

    Year built
    2018
    Lot size
    1.02 lot acres
    Property size
    7,939 SF
    Zone code
    CMU-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    087-006- - -00012
    APU
    8700600012

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,140,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,160,000
      6.5%
      $3,965,000
      7%
      $3,655,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,575,000
      Geo Method
      $3,460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,810,000
      Retail
      $4,085,000
      Mixed-Use
      $4,275,000
      Hospitality
      $4,060,000
      Educational
      $4,635,000
      Residential Income
      $4,080,000
      Energy
      $3,955,000
      Income-Based Land
      $3,810,000
      Food Service
      $4,275,000

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8957
    Latitude
    35.2366
    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
    $51,226
    $56,680
    $784,240
    $840,920
    -
    $141,700
    $1,960,600
    $2,102,300

    Comparable in this City

    • Value Estimation
      $175,000
      3,223 SF

      4387 Stage Rd

      MEDICAL BUILDING • 3,223 SF
      4387 Stage Rd, Memphis, TN 38128-5708
      View Details
    • Value Estimation
      $130,000
      17,376 SF

      4901 Raleigh Cmn Dr

      MEDICAL BUILDING • 17,376 SF
      4901 Raleigh Cmn Dr, Memphis, TN 38128-2478
      View Details
    • Value Estimation
      $220,000
      2,327 SF

      4321 Fayette Rd

      MEDICAL BUILDING • 2,327 SF
      4321 Fayette Rd, Memphis, TN 38128-5723
      View Details
    • Value Estimation
      $290,000
      6,392 SF

      3809 New Covington Pike

      MEDICAL BUILDING • 6,392 SF
      3809 New Covington Pike, Memphis, TN 38128-2509
      View Details
    • Value Estimation
      $235,000
      1,665 SF

      3074 Covington Pike

      MEDICAL BUILDING • 1,665 SF
      3074 Covington Pike, Memphis, TN 38128-5016
      View Details
    • Value Estimation
      $415,000
      1,907 SF

      2946 Ee Rd

      MEDICAL BUILDING • 1,907 SF
      2946 Ee Rd, Memphis, TN 38128-5735
      View Details

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      Versatile Commercial Property in Memphis

      20,700 SF commercial property suitable for various business ventures.
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      Prime North Memphis location, ideal for owner-user.
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    Similar Nearby for Lease

    • $12 SF/Yr
      20,000 SF

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      Prime Medical/Executive Office Suites Available
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    • Contact for pricing
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      Memphis Retail/Office Opportunity
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    • $12 SF/Yr
      1,091 SF

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      Office, flex, and warehouse spaces for rent in Memphis.
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      View Details
    • Contact for pricing
      14,885 SF

      Covington Springs Retail Center

      Memphis Shopping Center: Suites Available
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      View Details
    • Contact for pricing
      570 SF

      Memphis Retail Space - Covington Pike

      Prime 570 SF Retail/Restaurant Space
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      View Details
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    Memphis, TN 38128-2503
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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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