New search
Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
1724 White Sta Rd, Memphis, TN 38117-7224
Entity Owned
~
Est. High Equity
Property ID
US80-3511835
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Total area
8,000 SF
Lot
0.75 ac (32,670 SF)
Zoning code
R-8
APN
067-037- - -00002-C
UPID
US80-3511835
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
-
Goodwill Donation Center Charitable Organization
-
Kraus Model Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$603k
Blend (final)
Blend
$535k
Owner & transaction history
Prime Forever LLC
Prime Forever LLC
since 2026
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
R-8 · 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
$560,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $400k (Sep 24 2021)
Last sale anchor
$400k
Sep 24 2021
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
$67 / 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
$11,206
Tax year 2022
Assessed value
$183,960
Assessed 2023
Previous assessed
$183,960
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$55,560
Assessed improvement
$128,400
Land market value
$138,900
Improvement market value
$321,000
Total market value
$459,900
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
1964
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,000 SF
Lot
0.75 ac (32,670 SF)
Zoning code
R-8
APN
067-037- - -00002-C
UPID
US80-3511835
Jurisdiction
SHELBY
Zoning & alternative use
R-8 · Memphis, TN
Zoning R-8 · permitted uses
R-8 · 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
1964
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Prime Forever LLC
Entity
Mailing address
1740 S WHITE STA RD #1, MEMPHIS, TN 38117-7224
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
$2,850,000
Prime Forever LLC
Marketplace Property 2 LLC
Special Warranty Deed
$2,260,825 · Planters Bank And Trust Company
Sep 29, 2021
—
Marketplace Property 2 LLC
—
Deed
related
$1,632,000 · Planters Bank & Trust Co
Sep 24, 2021
—
Marketplace Development 2 LLC
Marketplace Development LLC
Intrafamily Transfer
related
—
Jan 17, 2017
$400,000
Marketplace Property 2 LLC
Fairway Investments LLC
Warranty Deed
—
Sep 13, 2010
$430,000
Fairway Investments LLC
First Citizens Natl Bk
Grant Deed
$387,000 · First Citizens Nat'l Bk/munfor
May 21, 2010
$450,000
Citizens Natl Bk First
Henson Ralph
Trustees Deed
related
—
Apr 24, 2007
$600,000
Dan Bacaner
Clothier,kent SR
Warranty Deed
$491,704 · First Citizens National Bank
Nov 10, 2005
$385,000
Kent Clothier SR.
Bancorpsouth Bank
Grant Deed
$385,000 · Bancorp South Bank
Mar 18, 2005
$270,000
Bancorpsouth Bank
Harwood Griffin INC
Trustees Deed
related
—
Nov 20, 2000
$880,000
Harwood-griffin INC
Mccullar,meredithg L
Grant Deed
$804,000 · Bancorp South Bank
—
—
Meredith L Mccullar
—
Deed Of Trust
related
$400,000 · Bancorp South Bank
—
—
Meredith L Mccullar
—
Deed Of Trust
related
$665,000 · Peoples Bank & Trust
—
—
Fairway Investments LLC
—
Loan Modification
related
—
—
—
Harwood-griffin INC
—
Deed Of Trust
related
$245,000 · Union Planters National Bank
—
—
Fairway Investments LLC
—
Deed Of Trust
related
$5,930 · First Citizens National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1724 White Sta Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
