2996 Kate Bond RdBartlett, TN 38133

Property Details for 2996 Kate Bond Rd

Year built

2003

Lot size

0.62 AC

Property size (Sq ft)

60,636 SF

Zone code

C-G

Property type

Medical offices

Property subtype

Medical centers

APN

B01-58I- -B-00049

APU

B0158IB00049

Description

This four-story, 59,578-square-foot medical office building in Bartlett, Tennessee, offers multiple tenancy options. Located at 2996 Kate Bond Rd, Bartlett, TN 38133, this state-of-the-art facility, a 2012 Energy Star award recipient, provides convenient access to a hospital via climate-controlled passage. The building boasts an attractive lobby and covered canopy entrance for patient drop-off, ensuring a positive patient experience. Its prime location offers excellent visibility and accessibility, situated in a high-traffic area with close proximity to major highways. Currently, there are eight available spaces ranging from 743 to 4,837 contiguous square feet, with a total of 19,877 square feet currently vacant. The building's design and amenities, combined with competitive lease rates and generous tenant improvement allowances, make it an exceptional opportunity for medical practices seeking on-campus space to establish or expand their operations. This property presents a unique chance to benefit from a thriving location and a modern, efficient workspace designed to meet the needs of today's medical professionals. The building's features are designed to enhance patient care and operational efficiency.

• CAP approach

  CAP return

  Valuation

  6%

  $8,736,687

  6.5%

  $8,064,634

  7%

  $7,488,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,727,182

  Geo Method

  $4,727,182

• Alternative Use

  Use

  Valuation

  Residential

  $10,000,146

  Hospitality

  $9,160,080

  Educational

  $7,621,079

  Medical

  $7,883,180

  Retail

  $11,855,012

Location Insight

City

Bartlett

County

Shelby

State

Tennessee

Latitude

35.2075

Longitude

-89.8014

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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