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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Auto shops
122 Carolina Ave Memphis, TN 38103-4612
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1013818
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1944
Total area
4,000 SF
Lot
0.41 ac (17,990 SF)
Zoning code
BR
APN
002-087- - -00005-C
UPID
US80-1013818
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
-
Tucker Cooker Co Industrial Manufacturer Production Facility
-
Tri-state Body Works Auto Repair Shop
-
ABC Portable Toilets Production Facility Construction Company
-
Tri State Manufacturing General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$685k
Owner & transaction history
Kurtwin T Ramsey · 2 yrs held
Kurtwin T Ramsey
since 2024
Last sale
$685,000
4 recorded transactions
Zoning & alternative use
BR · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$570,000
+47.6%
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
$685,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$570,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $685k (Jan 12 2024)
Last sale anchor
$685k
Jan 12 2024
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
$171 / 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
$11,155
Tax year 2022
Assessed value
$183,120
Assessed 2023
Previous assessed
$183,120
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$101,560
Assessed improvement
$81,560
Land market value
$253,900
Improvement market value
$203,900
Total market value
$457,800
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1944
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
4,000 SF
Lot
0.41 ac (17,990 SF)
Zoning code
BR
APN
002-087- - -00005-C
UPID
US80-1013818
Jurisdiction
SHELBY
Zoning & alternative use
BR · Memphis, TN
Zoning BR · permitted uses
BR · 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
MEDICAL BUILDING
Est. value
$570,000
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
1944
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.41 ac
Current owner
From public records · entity-resolved
Kurtwin T Ramsey
Individual
Mailing address
134 W CAROLINA AVE, MEMPHIS, TN 38103-4612
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
—
Elite Chemical
—
Deed
related
$15,000 · Td Real Logistics LLC
Jan 12, 2024
$685,000
Kurtwin T Ramsey
Charles W Shoffner
Warranty Deed
$535,000 · Charles Shoffner
Nov 10, 2022
—
Charles Shoffner
—
Deed
related
$4,000,000 · Csp Rf LLC
Oct 12, 2005
—
George H Karcher
Karcher,ann J
Quit Claim Deed
related
—
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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