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Property profile & analytics
FOR LEASE
Medical Office Space

4299 Elvis Presley Blvd Memphis, TN 38116

12,953 SF 1.34 ac lot Built 1965
Entity Owned 2-yr Hold Free & Clear
Property ID
US80-1377153
Property summary
AI-generated overview

This exceptional Memphis, Tennessee property, located at 4299 Elvis Presley Blvd, offers 12,953 square feet of versatile commercial space in a single, one-story building. Situated on 1.3 acres of land in the Whitehaven submarket, this Class B building boasts a prime location on the iconic Elvis Presley Boulevard. Recently renovated in 2024, the property features a mix of office space types, including medical, traditional, executive, coworking, and creative office options. The building is currently partially vacant, with 5,750 square feet available for lease. Individual suites range from 180 to 3,300 square feet, providing flexibility for businesses of various sizes. Built in 1965, this property offers a blend of classic charm and modern updates, making it an ideal location for businesses seeking a unique and convenient space in a high-traffic area. The property's location on Elvis Presley Boulevard ensures high visibility and accessibility, while the recent renovations guarantee a modern and efficient workspace. The available space presents a fantastic opportunity for businesses looking to establish or expand their presence in the vibrant Memphis market. The property's diverse suite sizes cater to a wide range of business needs, offering a flexible and adaptable environment. This is a rare opportunity to secure a well-located, renovated commercial space in a thriving Memphis neighborhood.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1965
Total area 12,953 SF
Lot 1.34 ac (58,370 SF)
Zoning code CMU-3
APN 077-045- - -00029-C
UPID US80-1377153
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
  • Rickey N. Hudson MD Pediatrician Physician
  • Johnson Jr Joseph DDS Dental Office
  • Prabha Sudheendran MD Pediatrician Medical Clinic
  • Ultrasound Imaging Medical Clinic
  • Total Health Care Associates Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
$746k
Blend (final) Blend
$575k
Owner & transaction history
Suites Of Graceland LLC · 2 yrs held
Suites Of Graceland LLC
since 2024
Last sale
$575,000
7 recorded transactions
2024
$575,000
2020
Price N/A
2019
Price N/A
2019
Price N/A
2017
Price N/A
2016
$250,000
2016
$250,000
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Residential uses are allowed on the ground floor but upper -story units are encouraged. Typical uses in this…

Zone name Commercial Mixed Use 3
General category MIXED_USE
Zone area 4,582.25 ac
Source CHAPTER 1
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