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Property profile & analytics
OFF-MARKET Estimated value $220,000
Office Spaces

415 Frnt St 21 Memphis, TN 38103-6404

2,000 SF 0.05 ac lot Built 1932
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-0153938
Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1932
Total area 2,000 SF
Lot 0.05 ac (2,004 SF)
Zoning code SM
APN 002-094- -A-00021
UPID US80-0153938
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k
Owner & transaction history
Mark Miesse · 5 yrs held
Mark Miesse
since 2021
Last sale
$271,600
5 recorded transactions
2021
$271,600
2018
Price N/A
2013
$220,000
2006
$210,000
1969
Price N/A
Zoning & alternative use
SM · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

7.2.2 South Main (SM) District Memphis/Shelby County Unified Development Code 295 ZTA 24-2 Hotel, Bed and Breakfast Retail Sales, Outdoor D. Additional Requirements 1. Adult Entertainment shall not be permitted. 2. Any building, structure, or use is subject to the landscaping requirements of Chapter 4.6, Landscaping and Screening. 3. A drive-thru window shal…

Zone name South Main
General category SPECIAL
Zone area 154.14 ac
Source CHAPTER 1
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