Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Grocery and convenience stores
1234 Lamar Ave Memphis, TN 38104-4524
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1514584
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1982
Construction
FRAME
Total area
2,585 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CMU-3
APN
015-001- - -00076
UPID
US80-1514584
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
-
Valero Gas Station
-
Lamar Corner Grocery Grocery & Convenience Store Food Market
-
CoinFlip Bitcoin ATM Currency Exchange Service Investment Service
-
Snowden Food & Grocery Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Jre Lamar Avenue Investment LLC · 4 yrs held
Jre Lamar Avenue Investment LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CMU-3 · 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
Method
Estimation
Statistic approach
$1,060,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.32M (Aug 18 2021)
Last sale anchor
$1.32M
Aug 18 2021
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
$460 / 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
$3,626
Tax year 2022
Assessed value
$59,520
Assessed 2023
Previous assessed
$59,520
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$17,160
Assessed improvement
$42,360
Land market value
$42,900
Improvement market value
$105,900
Total market value
$148,800
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1982
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,585 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CMU-3
APN
015-001- - -00076
UPID
US80-1514584
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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
1982
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Jre Lamar Avenue Investment LLC
Entity
Free & Clear · 4 yrs held
Mailing address
384 DISTRIBUTION PKWY, COLLIERVILLE, TN 38017-3910
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2021
$1,320,000
Jre Lamar Avenue Investment LLC
Pekin Properties LLC
Special Warranty Deed
—
Nov 22, 2019
—
Eastview Properties LLC
—
Deed
related
$1,784,000 · Landmark Cmnty Bk
Sep 4, 2019
$1,300,000
Pekin Properties LLC
Bauman S Richard Trust
Warranty Deed
$910,000 · Citizens Equity First Cu
Jan 22, 2014
$425,000
Eastview Properties LLC
Georgia Commercial Stores INC
Warranty Deed
—
Dec 9, 2005
—
Ga C-store INC
—
Trustees Deed
related
$350,000 · First Tennessee Bank National
May 9, 2002
$165,000
Ga C-store INC
Williams Express INC
Grant Deed
—
Nov 12, 1999
$5,916
Acorn Property Partners II LP
Jill T Kiviat Trustee
Trustees Deed
—
Nov 12, 1999
$394,400
Mapco Petroleum INC
Acorn Property Partners II LP
Trustees Deed
—
—
—
Eastview Properties LLC
—
Deed Of Trust
related
$1,784,000 · Landmark Cmnty Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1234 Lamar Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
