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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
108 Mulberry St, Collierville, TN 38017-2675
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US80-0767120
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1905
Total area
5,664 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CB
APN
C02-44 - - -00864
UPID
US80-0767120
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
-
John Green & Company: Molly Phillips Real Estate Agency
-
Spirit Architecture Group LLC Architect
-
Jon C Moss Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$540k
Owner & transaction history
Mid-south Pak-n-stor · 25 yrs held
Mid-south Pak-n-stor
since 2001
7 recorded transactions
Zoning & alternative use
CB · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$840,000
+1.8%
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 Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$825,000
Current use
MEDICAL BUILDING
$840,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$95 / 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
$8,025
Tax year 2022
Assessed value
$157,040
Assessed 2023
Previous assessed
$157,040
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$20,760
Assessed improvement
$136,280
Land market value
$51,900
Improvement market value
$340,700
Total market value
$392,600
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
1905
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
5,664 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CB
APN
C02-44 - - -00864
UPID
US80-0767120
Jurisdiction
SHELBY
Zoning & alternative use
CB · Collierville, TN
Zoning CB · permitted uses
CB · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Collierville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$825,000
MEDICAL BUILDING
Est. value
$840,000
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
1905
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Mid-south Pak-n-stor
Individual
Mailing address
108 E MULBERRY ST, COLLIERVILLE, TN 38017-2675
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2025
—
Rowlett Properties Gp
—
Deed
related
$560,000 · First National Bank & Trust
Nov 28, 2016
—
Rowlett Properties
—
Deed
related
$637,500 · Community Bk N Ms
Mar 30, 2001
$1,350,000
Mid-south Pak-n-stor
—
Grant Deed
related
—
Nov 20, 2000
$450,162
Rowlett Properties
Barrettville Bank & Trust Co
Grant Deed
$420,000 · Peoples Bank & Trust
—
—
Rowlett Properties
—
Deed Of Trust
related
$40,500 · Bancorp South Bank
—
—
Rowlett Properties
—
Deed Of Trust
related
$40,500 · Bancorp South Bank
—
—
Rowlett Properties
—
Deed Of Trust
related
$570,000 · Bancorp South Bank
—
—
Rowlett Properties
—
Deed Of Trust
related
$637,500 · Community Bk N Ms
—
—
Rowlett Properties
—
Deed Of Trust
related
$475,000 · Bancorp South 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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