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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Office buildings
110 Frnt St, Memphis, TN 38103
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-0899082
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1880
Total area
30,000 SF
Lot
0.2 ac (8,799 SF)
Zoning code
CBD
APN
002-042- - -00019
UPID
US80-0899082
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$2.89M
Owner & transaction history
Economic Dev Growth Engine Industri · 5 yrs held
Economic Dev Growth Engine Industri
since 2021
7 recorded transactions
Zoning & alternative use
CBD · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.3M
+40.6%
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
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
$3,055,000
Current use
MEDICAL BUILDING
$4,290,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,910,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,670,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±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
$96 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$7,964
Tax year 2021
Land market value
$249,300
Improvement market value
$3,165,500
Total market value
$3,414,800
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
1880
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
30,000 SF
Lot
0.2 ac (8,799 SF)
Zoning code
CBD
APN
002-042- - -00019
UPID
US80-0899082
Jurisdiction
SHELBY
Zoning & alternative use
CBD · Memphis, TN
Zoning CBD · permitted uses
CBD · 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
$3.1M
MEDICAL BUILDING
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1880
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Economic Dev Growth Engine Industri
Individual
Free & Clear · 5 yrs held
Mailing address
100 PEABODY PL STE #1100, MEMPHIS, TN 38103-3652
Ownership since
2021
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
Mar 25, 2021
—
Economic Dev Growth Engine Industri
Autozone Parts INC
Special Warranty Deed
—
May 24, 2018
$2,210,000
Autozone Parts INC
104-110 S Front Street Hldgs L
Grant Deed
—
Sep 21, 2017
$1,092,000
104-110 South Front Street Hol
Prochaska Joseph R|lsac Memphis LP
Trustees Deed
—
May 29, 2015
$1,000
Lsac Memphis LP
Memphis Center City Revenue Fi
Quit Claim Deed
related
—
Sep 1, 1999
—
Memphis Center City Revenue
Hbg Real Estate LLC
Quit Claim Deed
related
—
Jan 6, 1999
$250,000
Hbg Real Estate LLC
Hnedak,gregory O
Grant Deed
—
Sep 17, 1998
$250,000
Gregory O Hnedak
Weathersby Trust
Grant Deed
$250,000 · National Bank Commerce Tr & Sa
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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