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Property profile & analytics
OFF-MARKET
Estimated value
$8,595,000
Warehouses
1801 Shelby Oaks N Dr Memphis, TN 38134-7438
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-1997964
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Total area
132,121 SF
Lot
6.88 ac (299,693 SF)
Zoning code
RU-3
APN
089-044- - -00296
UPID
US80-1997964
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
-
KCI USA Medical Clinic
-
Signet, Inc Marketing & Advertising Advertising Agency
-
Kinetic Concepts Inc Medical Supply Store
-
IPGpublications.com Marketing & Advertising IT Consulting Firm
-
TruGreen Store Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.55M
Blend (final)
Blend
$8.60M
Owner & transaction history
Apexus 1801 Shelby LP · 3 yrs held
Apexus 1801 Shelby LP
since 2022
Last sale
$10.0M
3 recorded transactions
Zoning & alternative use
RU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.8M
+115.9%
Office building
$11.8M
+98.9%
Apartment house (5+ units)
$11.8M
+98.1%
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
$7,930,000
ML approach
$8,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,935,000
Current use
AUTO REPAIR, GARAGE
$12,810,000
Change: +116% · Conversion: Easy
OFFICE BUILDING
$11,800,000
Change: +99% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,755,000
Change: +98% · Conversion: Difficult
RETAIL STORES
$10,960,000
Change: +85% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$9,700,000
Change: +63% · Conversion: Moderate
Blend value · Realmo final
$8.60M
Range $7.74M – $9.45M · ±10% · vs last sale $9.97M (Aug 25 2022)
Last sale anchor
$9.97M
Aug 25 2022
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
$65 / 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
$152,781
Tax year 2022
Assessed value
$2,508,040
Assessed 2023
Previous assessed
$2,508,040
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$323,800
Assessed improvement
$2,184,240
Land market value
$809,500
Improvement market value
$5,460,600
Total market value
$6,270,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
132,121 SF
Lot
6.88 ac (299,693 SF)
Zoning code
RU-3
APN
089-044- - -00296
UPID
US80-1997964
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
WAREHOUSE, STORAGE Current
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$12.8M
OFFICE BUILDING
Est. value
$11.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.8M
RETAIL STORES
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1994
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
6.88 ac
Current owner
From public records · entity-resolved
Apexus 1801 Shelby LP
Entity
Free & Clear · 3 yrs held
Mailing address
10101 FONDREN RD STE 250F, HOUSTON, TX 77096-5551
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
$9,970,592
Apexus 1801 Shelby LP
Breit Se Industrial Propco Tn LLC
Special Warranty Deed
—
Nov 9, 2018
—
Breit Se Indl Propeo Tn LLC
Breit Se Indl Memphis Portfol
Quit Claim Deed
related
—
Jun 19, 2015
$36,380,866
Mdh Memphis Portfolio LLC
Belz Devco Gp
Grant Deed
$62,000,000 · 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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