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Property profile & analytics
OFF-MARKET Estimated value $2,265,000
Medical Office Space

6485 Poplar Ave Memphis, TN 38119-4838

19,936 SF 1.08 ac lot Built 1985
Entity Owned 20-yr Hold Free & Clear
Property ID
US80-0073645
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1985
Total area 19,936 SF
Lot 1.08 ac (46,871 SF)
Zoning code R-15
APN 081-009- -B-00002-C
UPID US80-0073645
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
  • Meca: Jerre M. Freeman, MD Ophthalmologist
  • Meca Eye and Laser Center Eye Care Center Doctor
  • Robert Vestal Ophthalmologist
  • Theresa Cassidy Physician
  • World Cataract Lens Project Medical Group
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.86M
Blend (final) Blend
$2.27M
Owner & transaction history
Freeman Building LLC · 20 yrs held
Freeman Building LLC
since 2005
5 recorded transactions
2023
Price N/A
2021
Price N/A
2005
Price N/A
2005
Price N/A
2005
$800,000
Zoning & alternative use
R-15 · 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 15
General category RESIDENTIAL
Zone area 8,024.06 ac
Source CHAPTER 1
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