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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Retail space
1308 Getwell Rd Memphis, TN 38111-7222
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-3530594
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Total area
8,012 SF
Lot
0.42 ac (18,426 SF)
Zoning code
CMU-1
APN
058-115- - -00027
UPID
US80-3530594
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
-
La Fiesta Supermarket Specialty Food Shop Supermarket
-
MoneyGram Bank Credit Union
-
Ria Money Transfer - La Fiesta Supermarket Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$933k
Blend (final)
Blend
$1.21M
Owner & transaction history
Ghassan Jaber · 3 yrs held
Ghassan Jaber
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+62.3%
Office building
$955,000
+35.4%
Auto repair, garage
$775,000
+10.0%
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
$1,195,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,145,000
Change: +62% · Conversion: Difficult
OFFICE BUILDING
$955,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$775,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$735,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.50M (Sep 9 2022)
Last sale anchor
$1.50M
Sep 9 2022
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
$151 / 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
$12,076
Tax year 2022
Assessed value
$198,240
Assessed 2023
Previous assessed
$198,240
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$33,160
Assessed improvement
$165,080
Land market value
$82,900
Improvement market value
$412,700
Total market value
$495,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,012 SF
Lot
0.42 ac (18,426 SF)
Zoning code
CMU-1
APN
058-115- - -00027
UPID
US80-3530594
Jurisdiction
SHELBY
Zoning & alternative use
CMU-1 · Memphis, TN
Zoning CMU-1 · permitted uses
CMU-1 · 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
$1.1M
OFFICE BUILDING
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$775,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$735,000
MEDICAL BUILDING
OFFICE 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
1962
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Ghassan Jaber
Individual
Mailing address
2360 FRST HL IRENE RD, GERMANTOWN, TN 38139-6704
Ownership since
2022
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
Sep 9, 2022
$1,500,000
Ghassan Jaber
Lcrf LLC
Special Warranty Deed
$1,220,942 · The Bank Of Holly Spring
Aug 25, 2022
—
Lcrf LLC
—
Deed
related
$800,000 · Midwest Regional Bank
Nov 2, 2012
—
Lcrf LLC
Lcrf Holdings INC
Quit Claim Deed
related
$17,750,000 · German American Capital Corp
Nov 2, 2012
$1,100,000
Walpert Robert A Living Trust
Nrw Getwell Ptshp
Warranty Deed
—
Mar 12, 2004
$650,000
Nrw Getwell Ptshp
Getwell Quick Associates
Grant Deed
related
$520,000 · Southern Commercial Bank
—
—
Nrw Getwell Ptshp
—
Deed Of Trust
related
$480,000 · Eagle Bank & Trust Co Missouri
—
—
Nrw Getwell Ptshp
—
Deed Of Trust
related
$950,000 · Eagle Bank & Trust Co Missouri
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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