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Property profile & analytics
OFF-MARKET
Estimated value
$14,325,000
Office buildings
1661 Aaron Brenner Dr Memphis, TN 38120-1468
Individually Owned
24-yr Hold
Free & Clear
Property ID
US80-0878328
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
63,413 SF
Lot
2.78 ac (121,140 SF)
Zoning code
RU-3
APN
080-008- - -00529
UPID
US80-0878328
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
-
Plan Administration Consulting Business Management Consultant
-
Confluent Strategies Financial Advisor
-
Nashville Mortgage Bankers Association Loan Service Bank
-
Bergmann For Congress Advocacy Group Volunteer Organization
-
Bailey L Wiener Jr Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.92M
Comparable Approach
Comparable
$13.94M
Blend (final)
Blend
$14.33M
Owner & transaction history
Renaissance Center Owners Assn · 24 yrs held
Renaissance Center Owners Assn
since 2001
5 recorded transactions
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.5M
+78.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$17,250,000
6.5%
$15,920,000
7%
$14,785,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,965,000
Current use
RESTAURANT
$19,525,000
Change: +78% · Conversion: Moderate
MEDICAL BUILDING
$9,070,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$14.33M
Range $12.89M – $15.76M · ±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
$226 / 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
$248,919
Tax year 2022
Assessed value
$4,086,240
Assessed 2023
Previous assessed
$4,086,240
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$1,078,360
Assessed improvement
$3,007,880
Land market value
$2,695,900
Improvement market value
$7,519,700
Total market value
$10,215,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
63,413 SF
Lot
2.78 ac (121,140 SF)
Zoning code
RU-3
APN
080-008- - -00529
UPID
US80-0878328
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Memphis, TN
Zoning RU-3 · permitted uses
RU-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
OFFICE BUILDING Current
Est. value
$11.0M
RESTAURANT
Est. value
$19.5M
MEDICAL BUILDING
Est. value
$9.1M
OFFICE BUILDING Current
RESTAURANT
MEDICAL 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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.78 ac
Current owner
From public records · entity-resolved
Renaissance Center Owners Assn
Individual
Free & Clear · 24 yrs held
Mailing address
1661 AARON BRENNER DR STE #103, MEMPHIS, TN 38120-1467
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
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
Mar 16, 2017
—
Legacy Center
—
Deed
related
$10,400,000 · Miscellaneous Ins Co
Sep 30, 2010
—
Legacy Center
—
Deed Of Trust
related
$9,593,447 · Metropolitan Bank
Dec 31, 2001
—
Renaissance Center Owners Assn
Cooper,bernice S
Quit Claim Deed
related
—
—
—
Legacy Center
—
Deed Of Trust
related
$9,550,000 · Metropolitan Bank
—
—
Legacy Center
—
Deed Of Trust
related
$10,400,000 · Miscellaneous Ins Co
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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