New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Retail space
18 Main St, Memphis, TN 38103-2503
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1549242
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Total area
29,035 SF
Lot
0.17 ac (7,318 SF)
Zoning code
CBD
APN
002-057- - -00006
UPID
US80-1549242
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.04M
Owner & transaction history
Private Mortgage Investments LLC · 1 yrs held
Private Mortgage Investments LLC
since 2025
Last sale
$710,000
7 recorded transactions
Zoning & alternative use
CBD · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $710k (Apr 21 2025)
Last sale anchor
$710k
Apr 21 2025
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
$36 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$4,979
Tax year 2021
Land market value
$213,500
Improvement market value
$317,800
Total market value
$531,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
29,035 SF
Lot
0.17 ac (7,318 SF)
Zoning code
CBD
APN
002-057- - -00006
UPID
US80-1549242
Jurisdiction
SHELBY
Zoning & alternative use
CBD · Memphis, TN
Zoning CBD · permitted uses
CBD · 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
1910
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Private Mortgage Investments LLC
Entity
Mailing address
114 N MAIN ST, MEMPHIS, TN 38103-2003
Ownership since
2025
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 29, 2026
—
Private Mortgage Investments L
—
Deed
related
$200,000
Oct 7, 2025
—
Private Mtg Investments LLC Series
—
Deed
related
$950,000 · Private Mortgage Investments LLC
Apr 21, 2025
$3,200,000
Private Mortgage Investments LLC
Memphis Center City Revenue Finance
Trust Deed
related
—
Feb 13, 2025
—
18 S Main Memphis LLC
Memphis Center City Revenue Finance
Deed
related
—
Jan 22, 2025
$1,000
18 S Main Memphis LLC
Memphis Center City Revenue Finance
Quitclaim Deed
related
—
Sep 9, 2024
—
107 S Main LLC
—
Deed
related
$1,930,829 · Sachem Capital Corp
May 4, 2023
—
18 S Main Mem LLC
—
Deed
related
$1,000,000 · Jg Funding Corp
Jul 10, 2019
—
Memphis Ctr City Revenue Fin C
18 S Main Mem LLC
Quit Claim Deed
related
$1,904,000 · Sharestates Intercap Line LLC
Apr 12, 2019
—
18 S Main Mem LLC
—
Deed
related
$1,904,000 · Sharestates Intercap Line LLC
Jul 31, 2018
$710,000
18 S Main Mem LLC
Mitchell,steve A
Warranty Deed
—
Oct 18, 2005
$250,000
Steve A Mitchell
Humphrey,vicki L
Warranty Deed
$391,375 · First Tennessee Bank National
Mar 6, 2000
$3,243
Steve A Mitchell
Spindel,carol & Alan
Quit Claim Deed
related
$200,000 · Seller
—
—
18 S Main Mem LLC
—
Deed Of Trust
related
$1,904,000 · Sharestates Intercap Line LLC
—
—
Steve Mitchell
—
Loan Modification
related
$596,668 · First Tennessee Bank National
—
—
Steve A Mitchell
—
Deed Of Trust
related
$545,000 · 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.
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 18 Main 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.
