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Property profile & analytics
OFF-MARKET
Industrial properties
1620 Century Ctr Pkwy Memphis, TN 38134-8849
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-1086144
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1996
Total area
47,040 SF
Lot
3.67 ac (159,865 SF)
Zoning code
RU-2
APN
089-046- - -00024
UPID
US80-1086144
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
-
Steven N. Gurley, PharmD Pharmacy
-
David Plunkett, PharmD Pharmacy
-
Day N. Lam, Pharm Pharmacy
-
Robbie C. Burns, PharmD Pharmacy
-
Nancy N. Thomas, RD Pharmacy
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
Plymouth Century Center Parkway Tn · 1 yrs held
Plymouth Century Center Parkway Tn
since 2024
Last sale
$47.7M
7 recorded transactions
Zoning & alternative use
RU-2 · 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
$109,596
Tax year 2022
Assessed value
$1,799,120
Assessed 2023
Previous assessed
$1,799,120
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$249,960
Assessed improvement
$1,549,160
Land market value
$624,900
Improvement market value
$3,872,900
Total market value
$4,497,800
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
47,040 SF
Lot
3.67 ac (159,865 SF)
Zoning code
RU-2
APN
089-046- - -00024
UPID
US80-1086144
Jurisdiction
SHELBY
Zoning & alternative use
RU-2 · Memphis, TN
Zoning RU-2 · permitted uses
RU-2 · 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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.67 ac
Current owner
From public records · entity-resolved
Plymouth Century Center Parkway Tn
Individual
Free & Clear · 1 yrs held
Mailing address
280 PARK AVE FL #36, NEW YORK, NY 10017-1285
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
Plymouth Century Center Parkway Tn
Memphis Industrial Ll LLC
Quit Claim Deed
related
—
Jul 26, 2024
$47,700,000
Plymouth Center Parkway Tn LLC
Memphis Industrial Ll LLC
Special Warranty Deed
—
Nov 12, 2019
$120,000,000
Memphis Industrial Ll LLC
Taurus Uslf 183 Southpark Ll
Trustees Deed
$214,060,000 · Bank Of America
May 14, 2019
—
Taurus Uslf 181 Century Ctr Ll
—
Loan Modification
related
$30,891,015 · Mcmif Holdco I LLC
May 16, 2017
$7,812,250
Taurus Uslf 181 Century Center
Taurus Cd 181 1620 Century Cen
Grant Deed
related
—
Feb 2, 2017
—
Taurus Cd 181 1620 Century Cen
Economic Dev Growth Engine Ind
Quit Claim Deed
related
—
Jul 10, 2012
$1,600,000
Memphis Light Gas & Water Div
Whitten Ptshp Ltd
Grant Deed
—
Jul 5, 2005
—
Industrial Dev Board Of City/memp
Sun Life Assurance Co Of Canada
Grant Deed
related
—
—
—
Windsor Of Century Center 1620 Ll
—
Deed Of Trust
related
$14,600,000 · Deutsche Banc Mortgage Capital
—
—
Taurus Cd 181 1620 Century Cen
—
Deed Of Trust
related
$33,360,000 · Citizens 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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