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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Medical Office Space
755 Brookhaven Cir Memphis, TN 38117-4501
Entity Owned
3-yr Hold
Property ID
US80-1119978
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1952
Construction
FRAME
Total area
2,574 SF
Lot
0.27 ac (11,674 SF)
Zoning code
CMU-1
APN
056-035- - -00005
UPID
US80-1119978
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
-
Fergus Steve DDS Dental Office
-
Jacobs Pat Dental Office
-
SuiteSerenitySalonSuites Hair Salon
-
Vicki deseck Hair Salon Nail Salon
-
Olive Eugene Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$590k
Owner & transaction history
Suite Serenity LLC · 3 yrs held
Suite Serenity LLC
since 2023
Last sale
$610,000
7 recorded transactions
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$585,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$370,000
Current use
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $610k (Jan 5 2023)
Last sale anchor
$610k
Jan 5 2023
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
$229 / 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
$9,513
Tax year 2022
Assessed value
$156,160
Assessed 2023
Previous assessed
$116,920
+33.6% YoY
Effective rate
6.09%
On assessed value
Assessed land
$61,760
Assessed improvement
$94,400
Land market value
$154,400
Improvement market value
$236,000
Total market value
$390,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1952
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
15
Bathrooms
2
Total area
2,574 SF
Lot
0.27 ac (11,674 SF)
Zoning code
CMU-1
APN
056-035- - -00005
UPID
US80-1119978
Jurisdiction
SHELBY
Zoning & alternative use
CMU-1 · Memphis, TN
Zoning CMU-1 · permitted uses
CMU-1 · 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
MEDICAL BUILDING Current
Est. value
$370,000
MEDICAL BUILDING Current
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
1952
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
15
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Suite Serenity LLC
Entity
Mailing address
8275 TOURNAMENT DR STE #100, MEMPHIS, TN 38125-8870
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2023
—
Suite Serenity LLC
Smj Enterprises LLC
Quit Claim Deed
related
$736,000 · Cogent Bank
Apr 23, 2022
$610,000
Smj Enterprise Sllc
John Howard Mccain
Warranty Deed
—
Dec 18, 2020
—
Jimmy H Mcclain
—
Deed
related
$57,000 · Central Renewal Group INC
Feb 11, 2019
—
Jimmy H Mcclain
—
Deed
related
$200,000 · Banktennessee
Oct 19, 2018
—
Jimmy H Mcclain
—
Deed
related
—
Jul 23, 2018
—
Jimmy H Mcclain
—
Deed
related
—
—
—
Jimmy H Mcclain
—
Deed Of Trust
related
$200,000 · Banktennessee
—
—
Jimmy H Mcclain
—
Deed Of Trust
related
$152,559 · Trustmark National Bank
—
—
Jimmy H Mcclain
—
Deed Of Trust
related
$13,504 · Banktennessee
—
—
Jimmy H Mcclain
—
Deed Of Trust
related
$107,178 · Trustmark National Bank
—
—
Jimmy H Mcclain
—
Deed Of Trust
related
$135,443 · Trustmark National Bank
—
—
Jimmy H Mcclain
—
Loan Modification
related
—
—
—
Jimmy H Mcclain
—
Loan Modification
related
—
—
—
Jimmy H Mcclain
—
Deed Of Trust
related
$57,000 · Central Renewal Group INC
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.
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