Property profile

709 Chelsea Ave Memphis, TN 38107

OFF-MARKET
Office buildings
Property ID
US80-1048875
2,387 SF 0.14 ac lot Built 1967
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1967
Total area 2,387 SF
Lot 0.14 ac (6,098 SF)
Zoning code MU
APN 027-006- - -00012
UPID US80-1048875

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church Mosque

Location

709 Chelsea Ave Memphis, TN 38107-2504
Memphis metro Census 2000 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2020
4 recorded transactions
2020
$65,800
2010
$4,000
2001
$70,000
1969
Price N/A

Zoning & alternative use

MU · Memphis, TN
Zoning description

C. Mixed Use (MU) The MU District is intended to accommodate physically integrated uses. Permitted land use types include commercial, townhouses, apartments, and institutions. The ideal model consists of building(s) with…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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