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Property profile & analytics
OFF-MARKET
Estimated value
$2,955,000
Strip malls
2145 Un Ave Memphis, TN 38104-4206
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-2797083
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
29,184 SF
Lot
2.35 ac (102,366 SF)
Zoning code
CMU-3
APN
028-008- - -00001-C
UPID
US80-2797083
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
-
Dawn R. Wilburn-Goo, Pharm Pharmacy
-
Ron L. Williams, DPH Pharmacy
-
The Fresh Market Bakery Specialty Food Shop
-
Yolanda Tyson Pharmacy
-
Sport Clips Haircuts of Memphis - Midtown Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$2.96M
Owner & transaction history
City Of Memphis · 1 yrs held
City Of Memphis
since 2025
7 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+118.7%
Medical building
$4.2M
+94.9%
Retail stores
$3.5M
+64.0%
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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,140,000
Current use
RESTAURANT
$4,685,000
Change: +119% · Conversion: Difficult
MEDICAL BUILDING
$4,175,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$3,515,000
Change: +64% · Conversion: Easy
OFFICE BUILDING
$3,300,000
Change: +54% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,830,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,545,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±10%
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
$101 / 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
$234,911
Tax year 2022
Assessed value
$3,856,280
Assessed 2023
Previous assessed
$3,856,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$862,720
Assessed improvement
$2,993,560
Land market value
$2,156,800
Improvement market value
$7,483,900
Total market value
$9,640,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
29,184 SF
Lot
2.35 ac (102,366 SF)
Zoning code
CMU-3
APN
028-008- - -00001-C
UPID
US80-2797083
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
RESTAURANT
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.2M
RETAIL STORES
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
City Of Memphis
Entity
Mailing address
1200 DUDA TRL, OVIEDO, FL 32765-4507
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2025
—
City Of Memphis
Wg Memphis LLC
Special Warranty Deed
—
Jun 1, 2012
$9,500,000
Wg Memphis LLC
Laf Brothers Properties LLC
Grant Deed
—
Nov 22, 2011
$500,000
Laf Brothers Properties LLC
Deaton,jane L D
Warranty Deed
$500,000 · Bank/iberia
Dec 22, 2009
—
Td Investments LLC
Htd Real Estate LLC
Quit Claim Deed
related
—
Jul 31, 2008
$50,000
Td Real Estate LLC
Dewey,harry T
Quit Claim Deed
related
—
—
—
Laf Brothers Properties LLC
—
Deed Of Trust
related
$700,000 · Bank/iberia
—
—
Stephen L Lafrance Pharmacy In
—
Deed Of Trust
related
$4,957,500 · General Elec Com'l Fin Busn Pr
—
—
Dewey,william C III
—
Deed Of Trust
related
$8,000 · H T & Ann T Dewey
—
—
Laf Brothers Properties LLC
—
Deed Of Trust
related
$700,000 · Bank/iberia
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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