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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Manufacturing properties
1353 Heistan Pl Memphis, TN 38104-4700
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1857911
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1936
Total area
47,092 SF
Lot
1.71 ac (74,488 SF)
Zoning code
EMP
APN
015-015- - -00007
UPID
US80-1857911
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
-
Fresh Start Facility Services General Contractor
-
faynepropertymaintenance Hardware & Home Improvement General Contractor
-
Millerwood Door Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$630k
Owner & transaction history
My Wealthy Place LLC · 1 yrs held
My Wealthy Place LLC
since 2024
5 recorded transactions
Zoning & alternative use
EMP · 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
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
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
$13 / 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
$4,038
Tax year 2022
Assessed value
$66,280
Assessed 2023
Previous assessed
$66,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$26,080
Assessed improvement
$40,200
Land market value
$65,200
Improvement market value
$100,500
Total market value
$165,700
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1936
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
47,092 SF
Lot
1.71 ac (74,488 SF)
Zoning code
EMP
APN
015-015- - -00007
UPID
US80-1857911
Jurisdiction
SHELBY
Zoning & alternative use
EMP · Memphis, TN
Zoning EMP · permitted uses
EMP · 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
1936
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
My Wealthy Place LLC
Entity
Mailing address
1431 HEISTAN PL, MEMPHIS, TN 38104-4729
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
—
My Wealthy Place LLC
Fresh Start Facility Services INC
Quitclaim Deed
related
—
Aug 20, 2024
$206,000
Fresh Start Facility Services INC
New Way Aquaponic Farms LLC
Warranty Deed
$175,100 · Pinnacle Bank
Jun 7, 2016
$90,000
New Way Aquaponic Farms LLC
Vandemark Richard E Trust
Warranty Deed
—
Jul 6, 2015
$150,000
3d Ents LLC
Kemmons Wilson INC
Grant Deed
—
—
—
Junius L Taylor
—
Deed Of Trust
related
$30,000 · First Tennessee Bank National
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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