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Property profile & analytics
FOR LEASE
Office buildings
6745 Lenox Center Ct Memphis, TN 38115
Entity Owned
Absentee Owner
Free & Clear
Property ID
US80-3487621
For Lease
1 / 2
$19.50 SF/Yr
6745 Lenox Center Ct, Memphis, TN 38115
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
105,240 SF
Lot
7.31 ac (318,424 SF)
Zoning code
RU-2
APN
093-200- - -00425
UPID
US80-3487621
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
-
Universal Dance Association Training Center
-
C.H. Robinson Memphis Trucking Company
-
Two Guys Cafe Restaurant
-
National Council for Spirit Safety & Education Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.98M
Blend (final)
Blend
$14.20M
Owner & transaction history
Mbg Investment Holdings LLC
Mbg Investment Holdings LLC
since 2026
7 recorded transactions
Zoning & alternative use
RU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.1M
+73.0%
Apartment house (5+ units)
$9.4M
+7.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,700,000
Current use
MEDICAL BUILDING
$15,055,000
Change: +73% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,360,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$14.20M
Range $12.78M – $15.62M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$136,199
Tax year 2022
Assessed value
$2,235,840
Assessed 2023
Previous assessed
$2,455,920
-9.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$455,680
Assessed improvement
$1,780,160
Land market value
$1,139,200
Improvement market value
$4,450,400
Total market value
$5,589,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
105,240 SF
Lot
7.31 ac (318,424 SF)
Zoning code
RU-2
APN
093-200- - -00425
UPID
US80-3487621
Jurisdiction
SHELBY
Zoning & alternative use
RU-2 · Memphis, TN
Zoning RU-2 · permitted uses
RU-2 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$15.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.4M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
7.31 ac
Current owner
From public records · entity-resolved
Mbg Investment Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1 WORLD TRADE CTR FL 83G, NEW YORK, NY 10007-0139
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
$10,500,000
Mbg Investment Holdings LLC
Lenox Park Memphis Realty LP
Deed
—
Jul 22, 2019
$32,250,000
Lenox Park Memphis Realty LP
Lenox Park C-f Owner LLC
Grant Deed
related
$24,187,500 · Argentic R/e Fin LLC
Dec 27, 2017
—
Lenox Park C-f Owner LLC
—
Grant Deed
related
$24,500,000 · Pfp Holding Co V LLC
Apr 30, 2012
$22,250,000
Lenox Park C-f Owner LLC
Nnn Lenox C-f LLC
Grant Deed
related
$14,218,500 · Bank Of The Ozarks
Jan 4, 2007
$1,000
Lenox Park Building B Partners
Industrial Dev Board Of City/memp
Quit Claim Deed
related
—
Jan 4, 2007
$12,255,000
Nnn Lenox C-f LLC
Clark,william B
Grant Deed
—
Aug 28, 2006
$1,000
William B Clark JR.
Industrial Dev Board Of The City/
Quit Claim Deed
related
—
Dec 31, 2001
—
Dev Board Memphis Industrial
Clark,william B
Grant Deed
related
—
Dec 5, 2001
$4,512,716
William B Clark
Lenox Park Building F Partners
Quit Claim Deed
related
—
Jun 9, 2000
—
Lenox Park Building F Partners
Industrial Development Board
Quit Claim Deed
related
—
—
—
Lenox Park C-f Owner LLC
—
Deed Of Trust
related
$22,300,000 · Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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