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Property profile & analytics
OFF-MARKET Estimated value $265,000
Office Spaces

718 Hbr Bnd Rd Memphis, TN 38103-0888

3,420 SF 0.08 ac lot Built 2003
Entity Owned 15-yr Hold Free & Clear
Property ID
US80-1672015
Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2003
Total area 3,420 SF
Lot 0.08 ac (3,615 SF)
Zoning code CMU-3
APN 001-001- -R-00001
UPID US80-1672015
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
  • Harbor of Health: Sullivan Meghan MD Physician
  • Downtown Healthloop Medical Clinic
  • Melody W. Breeden, FNP Physician
  • Dr. Susan F. Nelson, MD Pediatrician Physician
  • Karen Andrews, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$552k
Blend (final) Blend
$265k
Owner & transaction history
Island Properties Associates · 15 yrs held
Island Properties Associates
since 2011
1 recorded transaction
2011
$1,000
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations with direct access to arterials. Residential uses are allowed on the ground floor but upper -story units are encouraged. Typical uses in this…

Zone name Commercial Mixed Use 3
General category MIXED_USE
Zone area 4,582.25 ac
Source CHAPTER 1
Top alternative use upside
Medical building $490,000 +40.6%
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