Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,880,000
Manufacturing properties
1725 3rd St Memphis, TN 38109-7711
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0883459
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1961
Total area
316,830 SF
Lot
23.61 ac (1,028,452 SF)
Zoning code
EMP
APN
050-055- - -00005-C
UPID
US80-0883459
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
-
FW Logistics Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.10M
Blend (final)
Blend
$9.88M
Owner & transaction history
Olymbec USA LLC · 2 yrs held
Olymbec USA LLC
since 2023
Last sale
$10.9M
7 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
$10,495,000
ML approach
$9,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,005,000
Current use
Blend value · Realmo final
$9.88M
Range $8.89M – $10.87M · ±10% · vs last sale $10.90M (Dec 19 2023)
Last sale anchor
$10.90M
Dec 19 2023
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
$31 / 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
$81,845
Tax year 2022
Assessed value
$1,343,560
Assessed 2023
Previous assessed
$1,343,560
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$226,160
Assessed improvement
$1,117,400
Land market value
$565,400
Improvement market value
$2,793,500
Total market value
$3,358,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1961
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
316,830 SF
Lot
23.61 ac (1,028,452 SF)
Zoning code
EMP
APN
050-055- - -00005-C
UPID
US80-0883459
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.0M
INDUSTRIAL (GENERAL) Current
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
1961
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
23.61 ac
Current owner
From public records · entity-resolved
Olymbec USA LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1004 E BRKS RD, MEMPHIS, TN 38116-1708
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
$10,900,000
Olymbec USA LLC
Lyonhill Third LP
Special Warranty Deed
—
Jun 20, 2023
—
Lyonhill Canada INC
Lyonhill Third LLC
Quit Claim Deed
related
—
May 5, 2022
$8,700,000
Lyonhill Third LLC
1725 South Third LLC
Special Warranty Deed
$7,275,000 · Rra Real Estate Debt Fund II Subsid
May 5, 2022
—
Lyonhill Third LLC
1725 South Third LLC
Quit Claim Deed
related
—
Oct 27, 2020
—
1725 South Third LLC
Kik International LLC
Quit Claim Deed
related
$800,000 · Tracy Commerce Center LLC
Oct 27, 2020
$800,000
1725 South Third LLC
Kik International LLC
Warranty Deed
—
Jan 5, 2016
$3,800,000
Kik International LLC
Agnl Kik LLC
Warranty Deed
—
Jul 28, 2008
$2,250,000
Agnl Kik LLC
Kik Custom Products INC
Warranty Deed
related
—
—
—
Agnl Kik LLC
—
Deed Of Trust
related
$10,000,000 · Cantor Commercial Real Estate
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 1725 3rd St?
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.
