Property profile

Broad Ave Memphis, TN 38112

OFF-MARKET
Medical Office Space
Property ID
US80-0578840
9,000 SF 1.14 ac lot Built 2005
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2005
Total area 9,000 SF
Lot 1.14 ac (49,484 SF)
Zoning code CMU-1
APN 037-020- -A-00001
UPID US80-0578840

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Broad Ave Memphis, TN 38112
Memphis metro Census 2800 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$105k

Owner & transaction history

since 2025
7 recorded transactions
2025
$780,000
2024
$60,000
2024
$45,000
2024
Price N/A
2024
Price N/A
2024
Price N/A
2024
Price N/A

Zoning & alternative use

CMU-1 · Memphis, TN
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 □ □…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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