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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Manufacturing properties
2270 Channel Ave Memphis, TN 38113
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-1486309
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1966
Total area
28,689 SF
Lot
3.06 ac (133,163 SF)
Zoning code
IH
APN
050-115- - -00028
UPID
US80-1486309
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$645k
Owner & transaction history
Ethan Edwards · 2 yrs held
Ethan Edwards
since 2023
Last sale
$700,000
6 recorded transactions
Zoning & alternative use
IH · 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
$555,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $700k (May 13 2022)
Last sale anchor
$700k
May 13 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
$22 / 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
$8,482
Tax year 2022
Assessed value
$139,240
Assessed 2023
Previous assessed
$139,240
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$40,920
Assessed improvement
$98,320
Land market value
$102,300
Improvement market value
$245,800
Total market value
$348,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1966
Heating
SPACE
Cooling
NONE
Stories
1
Total area
28,689 SF
Lot
3.06 ac (133,163 SF)
Zoning code
IH
APN
050-115- - -00028
UPID
US80-1486309
Jurisdiction
SHELBY
Zoning & alternative use
IH · Memphis, TN
Zoning IH · permitted uses
IH · 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
1966
Heating
SPACE
Cooling
Yes
Stories
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
Ethan Edwards
Individual
Free & Clear · 2 yrs held
Mailing address
3020 ASHMONT DR, GERMANTOWN, TN 38138-7815
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2023
—
Ethan Edwards
Rhl Management
Correction Deed
related
—
May 13, 2022
$700,000
Ethan Edwards
Rhl Management LLC
Special Warranty Deed
$420,000 · Cogent Bank
May 13, 2022
—
Ethan Edwards
Rhl Management LLC
Quit Claim Deed
related
—
Oct 14, 2016
$396,000
Rhl Management LLC
Chief Partners LP
Warranty Deed
—
Dec 17, 2015
$396,000
Rhl Management LLC
Chief Partners LP
Warranty Deed
$316,800 · Fidelity Nat'l Bk
Feb 25, 1999
—
Partners LP Chief
Williams,logan D
Quit Claim Deed
related
—
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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