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Property profile & analytics
OFF-MARKET Estimated value $1,780,000
Medical Office Space

7685 Winchester Rd Memphis, TN 38125-2202

15,580 SF 1.23 ac lot Built 1999
Individually Owned 21-yr Hold ~ Est. High Equity
Property ID
US80-1216195
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1999
Total area 15,580 SF
Lot 1.23 ac (53,622 SF)
Zoning code R-8
APN 081-085- - -00008
UPID US80-1216195
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
  • Alisha Conway Pediatrician Physician
  • Julian Venegas Physician
  • Tabitha Marek, MD Medical Clinic
  • Quaneshia Farris Physician
  • Racquel Spencer Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.44M
Blend (final) Blend
$1.78M
Owner & transaction history
Michael A Lightman SR. · 21 yrs held
Michael A Lightman SR.
since 2004
3 recorded transactions
2011
Price N/A
2004
Price N/A
1969
Price N/A
Zoning & alternative use
R-8 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

1. On-site sales at neighborhood gardens are prohibited in residential zoning districts (R -MP, R-E, R-15, R-10, R-8, R-6, R-3, RU-1, RU-2, RU-3, RU-4, RU-5 and RW), with the exception of Community Supported Agriculture. 2. Neighborhood gardens shall: a. be managed to prevent the harborage of rodents and pests; b. be maintained to prevent odors; and c. be ma…

Zone name Residential Single Family 8
General category RESIDENTIAL
Zone area 15,015.24 ac
Source CHAPTER 1
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