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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Office buildings
1052 Brookfield Rd Memphis, TN 38119-3860
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1699302
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
FRAME
Total area
6,080 SF
Lot
0.36 ac (15,551 SF)
Zoning code
OG
APN
056-063- - -00023
UPID
US80-1699302
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
-
Mathes Law Firm Law Firm
-
The Plexus Groupe Insurance Agency
-
Aubrey Ford - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Jim Whitehead - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
First Mortgage Strategies Group Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$815k
Owner & transaction history
Whitehead LLC · 3 yrs held
Whitehead LLC
since 2023
Last sale
$817,000
7 recorded transactions
Zoning & alternative use
OG · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$870,000
+4.4%
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
$785,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$835,000
Current use
MEDICAL BUILDING
$870,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $817k (May 1 2023)
Last sale anchor
$817k
May 1 2023
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
$134 / 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
$13,889
Tax year 2022
Assessed value
$228,000
Assessed 2023
Previous assessed
$228,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$74,280
Assessed improvement
$153,720
Land market value
$185,700
Improvement market value
$384,300
Total market value
$570,000
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
Off-Market
Year built
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,080 SF
Lot
0.36 ac (15,551 SF)
Zoning code
OG
APN
056-063- - -00023
UPID
US80-1699302
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$835,000
MEDICAL BUILDING
Est. value
$870,000
OFFICE BUILDING Current
MEDICAL BUILDING
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
1975
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Whitehead LLC
Entity
Mailing address
5865 RIDGEWAY CTR PKWY STE #300, MEMPHIS, TN 38120-4014
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
$817,000
Whitehead LLC
One Call Telecom LLC
Warranty Deed
$653,600 · First Commercial Bank
Oct 29, 2021
—
One Call Telecom LLC
—
Deed
related
$464,513 · Simmons Bank
Jun 20, 2012
$340,000
One Call Telecom LLC
Commercial Bk & Trust
Grant Deed
$412,500 · Insouth Bank
Jan 27, 2012
$338,000
Commercial Bk & Trust
Alrutz,douglas M
Trustees Deed
related
—
—
—
Gail O Mathes
—
Deed Of Trust
related
$427,000 · Commercial Bank & Trust
—
—
One Call Telecom LLC
—
Deed Of Trust
related
$383,002 · Simmons First Nat'l Bk
—
—
Gail O Mathes
—
Deed Of Trust
related
$325,000 · Commercial Bank & Trust
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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