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Property profile & analytics
OFF-MARKET Estimated value $375,000
Medical Office Space

5659 Rex Rd Memphis, TN 38119-3821

12,036 SF 0.76 ac lot Built 2002
Individually Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-0888231
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2002
Total area 12,036 SF
Lot 0.76 ac (32,888 SF)
Zoning code OG
APN 056-064- - -00019-C
UPID US80-0888231
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
  • Cindy Earle, NP Physician
  • Brennan Palazola Mccullar Physician
  • Raymond Jude Staniunas Physician Medical Clinic
  • Baptist Medical Group- The Endocrine Clinic (Memphis) Medical Clinic
  • Benjamin Brannick, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.31M
Blend (final) Blend
$375k
Owner & transaction history
Jay & Hallie Cohen Family · 19 yrs held
Jay & Hallie Cohen Family
since 2007
7 recorded transactions
2020
Price N/A
2017
Price N/A
2007
Price N/A
2001
Price N/A
2000
$180,000
2000
$131,621
1969
Price N/A
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B. Office General (OG) The OG District is intended to accommodate a range of more intense professional office uses and a limited range of civic, residential and commercial service uses. The district is intended to be located along freeways and adjacent to commercial uses to act as a buffer between higher intensity commercial and lower intensity residential.…

Zone name Office General
General category CIVIC_INSTITUTIONAL
Zone area 866.70 ac
Source CHAPTER 1
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