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Property profile & analytics
FOR SALE
Retail space
2063 Castex St Memphis, TN 38109
Individually Owned
6-yr Hold
Free & Clear
Property ID
US80-0656895
For Sale
1 / 2
$149,000
2063 Castex St, Memphis, TN 38109
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Total area
1,200 SF
Lot
0.17 ac (7,492 SF)
Zoning code
R-6
APN
050-009- - -00011
UPID
US80-0656895
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
-
MAAE Market Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mohamed Alkabsh · 6 yrs held
Mohamed Alkabsh
since 2019
7 recorded transactions
Zoning & alternative use
R-6 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$809
Tax year 2023
Assessed value
$13,280
Assessed 2024
Previous assessed
$13,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$3,920
Assessed improvement
$9,360
Land market value
$9,800
Improvement market value
$23,400
Total market value
$33,200
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
For Sale
Year built
1970
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
1,200 SF
Lot
0.17 ac (7,492 SF)
Zoning code
R-6
APN
050-009- - -00011
UPID
US80-0656895
Jurisdiction
SHELBY
Zoning & alternative use
R-6 · Memphis, TN
Zoning R-6 · permitted uses
R-6 · 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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Mohamed Alkabsh
Individual
Free & Clear · 6 yrs held
Mailing address
3995 MICHAEL RD, MEMPHIS, TN 38116-5522
Ownership since
2019
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
Sep 11, 2019
$12,000
Mohamed Alkabsh
Mccreight,ashley
Warranty Deed
—
Aug 8, 2013
$15,000
Anthony A Davis
Mccreight,ashley
Dual Purpose Document
related
$15,000 · Anthony A Davis
Apr 25, 2012
$7,000
Ashley Mccreight
Rose Land & Fin Corp
Grant Deed
—
Aug 30, 2011
$16,341
Rose Land & Fin Corp
Jones,j Phillip
Trustees Deed
—
Apr 23, 2009
—
Rose Land & Finance Corp
Rose Acceptance INC
Quit Claim Deed
related
—
Apr 23, 2009
$13,500
Brian K Evans SR.
Rose Land & Finance Corp
Warranty Deed
$13,936 · First National Acceptance Co
Dec 10, 2007
$7,046
Rose Acceptance INC
Alkabsh,taher M
Trustees Deed
—
Apr 24, 2003
$25,000
Taher M Alkabsh
Watters,william E & Charlene
Grant Deed
$23,000 · William E & Charlene Watters
Jul 14, 1998
$20,000
William E Watters
Perkins,leother & Dimple M
Grant Deed
$10,000 · Seller
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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