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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Grocery and convenience stores
2205 Holmes Rd Memphis, TN 38116-9425
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-3427237
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1995
Total area
2,496 SF
Lot
1.31 ac (56,933 SF)
Zoning code
CMU-1
APN
079-148- - -00155
UPID
US80-3427237
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
-
bp Gas Station
-
ATM (East Holmes Station) Atm
-
East Holmes Station Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$1.01M
Owner & transaction history
Royal Sun Properties LLC · 3 yrs held
Royal Sun Properties LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CMU-1 · 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
$985,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.24M (Dec 27 2022)
Last sale anchor
$1.24M
Dec 27 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
$403 / 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
$14,230
Tax year 2022
Assessed value
$233,600
Assessed 2023
Previous assessed
$233,600
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$61,320
Assessed improvement
$172,280
Land market value
$153,300
Improvement market value
$430,700
Total market value
$584,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,496 SF
Lot
1.31 ac (56,933 SF)
Zoning code
CMU-1
APN
079-148- - -00155
UPID
US80-3427237
Jurisdiction
SHELBY
Zoning & alternative use
CMU-1 · Memphis, TN
Zoning CMU-1 · permitted uses
CMU-1 · 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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Royal Sun Properties LLC
Entity
Mailing address
2205 E HOLMES RD, MEMPHIS, TN 38116-9425
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2022
$1,240,000
Royal Sun Properties LLC
Arian Janan Properties INC
Special Warranty Deed
$1,022,370 · The Bank Of Holly Spring
Mar 3, 2017
$880,000
Arian Janan Properties INC
Bloomingholmes LLC
Warranty Deed
$850,000 · Bloomingholmes LLC
Jun 30, 2014
$900,000
Bloomingholmes LLC
Nrs Group LLC
Warranty Deed
—
Aug 18, 2011
$1,000,000
Nrs Group LLC
B & M Properties LLC
Warranty Deed
$700,000 · B & M Properties LLC
Jul 23, 2008
—
B & M Properties LLC
Basma,mohamed
Quit Claim Deed
related
—
Feb 15, 2007
$350,000
Mohamed Basma
Al-jafari,amer Z
Warranty Deed
—
Nov 27, 2006
$705,000
Amer Z Al-jafari
Bp Products North America INC
Grant Deed
$1,250,000 · Bancorp South 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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