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Property profile & analytics
OFF-MARKET
Retail space
1047 Raines Rd, Memphis, TN 38116-6336
Entity Owned
10-yr Hold
Absentee Owner
Property ID
US80-0576915
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Construction
FRAME
Total area
1,289 SF
Lot
0.34 ac (14,898 SF)
Zoning code
OG
APN
077-044- - -00004
UPID
US80-0576915
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
-
Barber On Duty Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lightspeed Unlimited LLC · 10 yrs held
Lightspeed Unlimited LLC
since 2016
7 recorded transactions
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,764
Tax year 2022
Assessed value
$28,960
Assessed 2023
Previous assessed
$28,960
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$10,760
Assessed improvement
$18,200
Land market value
$26,900
Improvement market value
$45,500
Total market value
$72,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Total area
1,289 SF
Lot
0.34 ac (14,898 SF)
Zoning code
OG
APN
077-044- - -00004
UPID
US80-0576915
Jurisdiction
SHELBY
Zoning & alternative use
OG · Memphis, TN
Zoning OG · permitted uses
OG · 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.
Building & site characteristics
From public records
Year built
1948
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Lightspeed Unlimited LLC
Entity
Mailing address
3640 GRAVES RD, MEMPHIS, TN 38116-3905
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2017
—
Anthony Carr
—
Deed
related
$55,250 · First Tn Bk
Mar 4, 2016
—
Lightspeed Unlimited LLC
Shannon,michael
Quit Claim Deed
related
—
Sep 3, 2015
$40,000
Michael Shannon
Nunn,wesley
Warranty Deed
—
Nov 30, 2012
$65,000
Anthony Carr
Boyd,will II
Grant Deed
—
Oct 31, 2011
$65,000
Carr,anthony & Mary
Boyd,will II
Warranty Deed
$55,250 · First Tn Bk
Nov 19, 2001
$46,000
Will Boyd
Cobb,ann E
Grant Deed
$46,000 · Insouth Bank
Mar 16, 2001
$35,489
Ann E Cobb
Parham,nat
Trustees Deed
—
—
—
Will Boyd II
—
Deed Of Trust
related
$53,025 · First Tennessee Bank National
—
—
Anthony Carr
—
Loan Modification
related
$55,250 · First Tn Bk
—
—
Will Boyd
—
Deed Of Trust
related
$47,000 · Trust One Bank
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.
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