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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Warehouses
2160 Spicer Cv Memphis, TN 38134-5600
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0145571
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Total area
27,882 SF
Lot
2.59 ac (112,820 SF)
Zoning code
EMP
APN
088-040- -D-00033-C
UPID
US80-0145571
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
-
Icon Collision Services Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.03M
Owner & transaction history
Icon Properties LLC · 4 yrs held
Icon Properties LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
EMP · 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
$820,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,250,000
Current use
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.03M (Apr 28 2022)
Last sale anchor
$1.03M
Apr 28 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
$37 / 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
$41,450
Tax year 2022
Assessed value
$680,440
Assessed 2023
Previous assessed
$680,440
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$100,680
Assessed improvement
$579,760
Land market value
$251,700
Improvement market value
$1,449,400
Total market value
$1,701,100
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
1995
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
27,882 SF
Lot
2.59 ac (112,820 SF)
Zoning code
EMP
APN
088-040- -D-00033-C
UPID
US80-0145571
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
$1.3M
WAREHOUSE, STORAGE Current
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.59 ac
Current owner
From public records · entity-resolved
Icon Properties LLC
Entity
Mailing address
2160 SPICER CV, MEMPHIS, TN 38134-5600
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
—
Icon Collision Services LLC
—
Deed
related
$1,000,000 · Simmons Bank
Apr 28, 2022
—
Icon Properties LLC
Timothy L Russell
Quit Claim Deed
related
$440,000 · Simmons Bank
Aug 28, 2012
—
Timothy L Russell
Spicer Cove Realty LLC
Quit Claim Deed
related
—
Jun 16, 2006
$1,032,000
Spicer Cove Realty LLC
Oneill & Pearce Invs LLC
Warranty Deed
$1,017,310 · Merchants & Farmers Bank
Dec 16, 2005
$800,000
Keith J O'neill
Dobbs,james K III
Warranty Deed
$923,026 · Merchants & Farmers Bank
—
—
Spicer Cove Realty LLC
—
Deed Of Trust
related
$986,000 · First Tennessee Bank National
—
—
Timothy L Russell
—
Deed Of Trust
related
$250,000 · Independent Bk
—
—
Spicer Cove Realty LLC
—
Deed Of Trust
related
$986,000 · First Tennessee Bank National
—
—
Spicer Cove Realty LLC
—
Deed Of Trust
related
$210,000 · 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.
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