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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Warehouses
2114 Hillshire Cir Memphis, TN 38133-6075
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3119729
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
11,868 SF
Lot
0.63 ac (27,530 SF)
Zoning code
EMP
APN
089-028- -B-00066
UPID
US80-3119729
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
-
Memphis Stone and Stucco Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$630k
Owner & transaction history
Nabil Investments LLC · 5 yrs held
Nabil Investments LLC
since 2021
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$985,000
+42.5%
Neighborhood: shopping center
$870,000
+26.1%
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
$560,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$690,000
Current use
RETAIL STORES
$985,000
Change: +42% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $700k (Jul 12 2021)
Last sale anchor
$700k
Jul 12 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
$53 / 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
$15,214
Tax year 2022
Assessed value
$249,760
Assessed 2023
Previous assessed
$249,760
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$35,840
Assessed improvement
$213,920
Land market value
$89,600
Improvement market value
$534,800
Total market value
$624,400
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,868 SF
Lot
0.63 ac (27,530 SF)
Zoning code
EMP
APN
089-028- -B-00066
UPID
US80-3119729
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
WAREHOUSE, STORAGE Current
Est. value
$690,000
RETAIL STORES
Est. value
$985,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$870,000
WAREHOUSE, STORAGE Current
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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Nabil Investments LLC
Entity
Mailing address
4501 SIR GALAHAD LN, BARTLETT, TN 38135-6101
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2021
$700,000
Nabil Investments LLC
Jy Property LLC
Warranty Deed
$595,000 · First State Bank
Mar 29, 2019
—
Jy Property LLC
—
Deed
related
$493,000 · Paragon Nat'l Bk
Jan 18, 2008
$580,000
Jy Property LLC
Levert-st John INC
Grant Deed
$493,000 · Paragon National Bank
Jul 18, 2003
$650,000
Levert-st John INC
Gallagher,paul S & Emmett E
Grant Deed
$450,000 · Whitney National Bank
—
—
Jy Property LLC
—
Loan Modification
related
$493,000 · Paragon Nat'l Bk
—
—
Paul S Gallagher
—
Deed Of Trust
related
$100,000 · Nashoba Bank
—
—
Jy Property LLC
—
Loan Modification
related
$367,000 · Paragon 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.
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