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Property profile & analytics
OFF-MARKET
Truck terminals
1235 Riverside Blvd Memphis, TN 38106-2528
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-1522222
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1946
Total area
27,478 SF
Lot
1.41 ac (61,202 SF)
Zoning code
IH
APN
024-001- - -00037
UPID
US80-1522222
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
-
L7 Logistics Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Morgan Steel INC · 3 yrs held
Morgan Steel INC
since 2023
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
IH · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,546
Tax year 2022
Assessed value
$91,040
Assessed 2023
Previous assessed
$91,040
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$12,120
Assessed improvement
$78,920
Land market value
$30,300
Improvement market value
$197,300
Total market value
$227,600
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1946
Heating
SPACE
Cooling
NONE
Stories
1
Total area
27,478 SF
Lot
1.41 ac (61,202 SF)
Zoning code
IH
APN
024-001- - -00037
UPID
US80-1522222
Jurisdiction
SHELBY
Zoning & alternative use
IH · Memphis, TN
Zoning IH · permitted uses
IH · 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
1946
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Morgan Steel INC
Entity
Free & Clear · 3 yrs held
Mailing address
1235 RIVERSIDE BLVD, MEMPHIS, TN 38106-2528
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
$400,000
Morgan Steel INC
David V Couch
Warranty Deed
—
Apr 2, 2014
—
David Couch
—
Trustees Deed
related
$272,000 · Bancorp South Bank
Mar 24, 2014
$302,500
David V Couch
Wilson,virginia B
Trustees Deed
—
Dec 30, 2013
$302,500
Morris Auction Co
Wilson Virginia B
Trustees Deed
—
Mar 27, 2008
—
David W Allen
—
Trustees Deed
related
$1,015,957 · First Citizens National Bank
Jul 5, 2005
—
David W Allen
Mcmillin,michael M & Eva M
Quit Claim Deed
related
—
Jul 5, 2005
$160,000
David W Allen
Mcmillin,michael M & Eva M
Warranty Deed
$252,800 · Enterprise National Bank
—
—
David W Allen
—
Deed Of Trust
related
$195,957 · First Citizens National 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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