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    Property profile & analytics

    6605 Stage Rd Bartlett, TN 38134

    • Medical Office Space
    • 11,297 SF
    • 0.98 lot acres
    For Sale
    View listing
    $1,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1817382
    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

    • Bentons Carpet Installers / General Contractor / Carpet & Flooring Store
    • Kimberly Byrd / Physician
    • Figueredo Ivan MD / Physician / Medical Clinic
    • Dr. Michael Holliman / Alternative Medicine Practice

    Property Details for 6605 Stage Rd

    Year built
    1988
    Lot size
    0.98 lot acres
    Property size
    11,297 SF
    Zone code
    O-C
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    B01-57H- -A-00009-C
    APU
    B0157HA00009C

    Description

    This exceptional medical office space, located at 6605 Stage Road in Bartlett, Tennessee, presents a unique opportunity for healthcare providers seeking a well-situated and spacious facility. The property boasts a total of 11,300 square feet, with 5,650 square feet currently available for lease. This sizable space is ideal for expansion or relocation, offering ample room for various medical practices. The building is classified as a multi-tenant property, providing a collaborative environment. Situated in Shelby County, this Bartlett location offers convenient access to major roadways and a thriving community. The property's address is 6605 Stage Rd, Bartlett, TN 38134. The building's classification is Office, with a subtype of Medical Office and Commercial. The readily available 5,650 square feet presents a significant opportunity for immediate occupancy. This prime location in Bartlett offers excellent visibility and accessibility for patients and staff alike. The property's convenient location within Shelby County ensures easy access to a wide range of amenities and services. This is an exceptional opportunity to establish or expand a medical practice in a high-demand area. The available space is ready for immediate occupancy, allowing for a quick and efficient transition. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,586,000
      Market price range: $651k - $2.39M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,615,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8434
    Latitude
    35.2043
    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
    $14,368
    $77,000
    $346,840
    $423,840
    -
    $192,500
    $867,100
    $1,059,600

    Comparable in this City

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      $8,450,000
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      1701 Century Ctr Cv

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    • Value Estimation by Request
      2,203 SF

      2798 Bartlett Blvd

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      2798 Bartlett Blvd, Bartlett, TN 38134-4530
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    • Value Estimation
      $970,000
      8,216 SF

      3155 Kirby Whitten Rd

      MEDICAL BUILDING • 8,216 SF
      3155 Kirby Whitten Rd, Bartlett, TN 38134-2823
      View Details
    • Value Estimation by Request
      3,342 SF

      2855 Summer Oaks Dr

      MEDICAL BUILDING • 3,342 SF
      2855 Summer Oaks Dr, Bartlett, TN 38134-3812
      View Details
    • Value Estimation
      $535,000
      4,480 SF

      6385 Stage Rd

      MEDICAL BUILDING • 4,480 SF
      6385 Stage Rd, Bartlett, TN 38134-3715
      View Details
    • Value Estimation by Request
      1,806 SF

      6405 Stage Rd

      MEDICAL BUILDING • 1,806 SF
      6405 Stage Rd, Bartlett, TN 38134-3738
      View Details

    Similar Nearby for Sale

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      Bartlett Office Building - Investment Opportunity

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      Memphis Commercial Office and Medical Building

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      Office Space in Old Bartlett

      3,262 SF office space for sale in Bartlett.
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      Office, warehouse, and covered parking on four acres.
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    Similar Nearby for Lease

    • $120 SF/Yr
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      Bartlett Office Space for Lease

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    • $12 SF/Yr
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      Bartlett Medical Office Space for Lease

      Prime Bartlett location, 5,650 SF available.
      6605 Stage Rd, Bartlett, TN 38134
      View Details
    • $12 SF/Yr
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      Bartlett Office Building For Sale/Lease

      Prime Bartlett medical/office space. Multiple suites available.
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    • Contact for pricing

      Bartlett Medical Space Available

      Medical space for lease in multi-tenant building, Bartlett, Tennessee.
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    • $12 SF/Yr
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      Freestanding Medical Office Building

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      9,700 SF

      Available Office Space for Lease

      9,700 SF office space with signage and ample parking.
      1610 Century Center Pkwy, Memphis, TN 38134
      View Details
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    Bartlett, TN 38134
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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