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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Grocery and convenience stores
1335 Bellevue Blvd Memphis, TN 38106-3523
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3559036
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2003
Total area
4,950 SF
Lot
1.14 ac (49,702 SF)
Zoning code
CMU-3
APN
026-027- - -00014-C
UPID
US80-3559036
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
-
Bellevue Food Mart Grocery & Convenience Store
-
Champs Chicken Restaurant
-
bp Car Wash
-
Hangar 54 Pizza Restaurant
-
Cryptobase Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$627k
Blend (final)
Blend
$955k
Owner & transaction history
Bellevue Express LLC · 5 yrs held
Bellevue Express LLC
since 2020
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$710,000
+94.9%
Office building
$590,000
+62.5%
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
$950,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$710,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +62% · Conversion: Moderate
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $1.15M (Dec 17 2020)
Last sale anchor
$1.15M
Dec 17 2020
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
$193 / 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
$21,518
Tax year 2022
Assessed value
$353,240
Assessed 2023
Previous assessed
$353,240
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$124,440
Assessed improvement
$228,800
Land market value
$311,100
Improvement market value
$572,000
Total market value
$883,100
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
2003
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,950 SF
Lot
1.14 ac (49,702 SF)
Zoning code
CMU-3
APN
026-027- - -00014-C
UPID
US80-3559036
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$710,000
OFFICE BUILDING
Est. value
$590,000
MEDICAL BUILDING
OFFICE 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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Bellevue Express LLC
Entity
Mailing address
1335 S BELLEVUE BLVD, MEMPHIS, TN 38106-3523
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
$1,150,000
Bellevue Express LLC
1335 S Bellevue LLC
Warranty Deed
$1,355,000 · First Capital Bank
Sep 9, 2016
—
1335 S Bellevue LLC
—
Deed
related
$399,374 · Insouth Bk
Dec 27, 2013
$1,500,000
1335 S Bellevue LLC
H & P Shell LLC
Warranty Deed
$1,130,000 · First Capital Bank Ssb
Mar 3, 2006
$1,800,000
H & P Shell LLC
Tessema,bezuneh
Warranty Deed
$1,440,000 · First Capital Bank Ssb
Nov 20, 2000
$300,000
Bts Amoco
Mcdonalds Real Estate Co
Trustees Deed
$205,041 · Banktennessee
—
—
1335 S Bellevue LLC
—
Deed Of Trust
related
$399,374 · Insouth 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.
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