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Property profile & analytics
FOR SALE
Medical Office Space

968 Reddoch Cv Memphis, TN 38119-3614

2,238 SF 0.27 ac lot Built 1954
Trust Owned 6-yr Hold
Property ID
US80-1925079
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1954
Total area 2,238 SF
Lot 0.27 ac (11,761 SF)
Zoning code CMU-1
APN 056-038- - -00009
UPID US80-1925079
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
  • Safley Jr Charles F MD Physician Medical Clinic
  • Sage+Honey Hair Co. Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k
Owner & transaction history
Barks Family Trust · 6 yrs held
Barks Family Trust
since 2019
3 recorded transactions
2019
Price N/A
2019
$383,000
1969
Price N/A
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…

Zone name Commercial Mixed Use 1
General category MIXED_USE
Zone area 3,556.17 ac
Source CHAPTER 1
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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