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Property profile & analytics
FOR LEASE
Office buildings
8275 Tournament Dr Memphis, TN 38125
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-1860661
For Lease
1 / 2
$21 SF/Yr
8275 Tournament Dr, Memphis, TN 38125
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
64,020 SF
Lot
4.32 ac (188,179 SF)
Zoning code
CA
APN
081-092- - -00013
UPID
US80-1860661
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
-
Stewart Law Group, PLLC Law Firm
-
Horizon AG Agricultural Organization
-
The Women's Advocacy Center Charitable Organization Social Service Agency
-
Doorstep Realty Real Estate Agency
-
Advanced TRT Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.04M
Blend (final)
Blend
$5.86M
Owner & transaction history
Southwind Memphis Realty LP · 8 yrs held
Southwind Memphis Realty LP
since 2017
1 recorded transaction
Zoning & alternative use
CA · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.2M
+19.9%
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
$7,635,000
Current use
MEDICAL BUILDING
$9,155,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,205,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.86M
Range $5.27M – $6.45M · ±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
$92 / 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
$113,231
Tax year 2022
Assessed value
$1,858,800
Assessed 2023
Previous assessed
$1,858,800
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$305,440
Assessed improvement
$1,553,360
Land market value
$763,600
Improvement market value
$3,883,400
Total market value
$4,647,000
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
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
64,020 SF
Lot
4.32 ac (188,179 SF)
Zoning code
CA
APN
081-092- - -00013
UPID
US80-1860661
Jurisdiction
SHELBY
Zoning & alternative use
CA · Memphis, TN
Zoning CA · permitted uses
CA · 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
$7.6M
MEDICAL BUILDING
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$6.2M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.32 ac
Current owner
From public records · entity-resolved
Southwind Memphis Realty LP
Entity
Mailing address
100 WILLIAM ST RM #301, NEW YORK, NY 10038-3008
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2017
$39,000,000
Southwind Memphis Realty LP
Highwoods Realty LP
Trustees Deed
$34,310,000 · Fs Creit Originator LLC
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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