New search
Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Investment properties
2519 Broad Ave Memphis, TN 38112-2613
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0783303
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
12,112 SF
Lot
0.25 ac (10,846 SF)
Zoning code
CMU-1
APN
033-021- - -00001
UPID
US80-0783303
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
-
Bounty on Broad Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$796k
Blend (final)
Blend
$665k
Owner & transaction history
Goode Development Company LLC · 3 yrs held
Goode Development Company LLC
since 2022
7 recorded transactions
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+37.3%
Neighborhood: shopping center
$890,000
+21.5%
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
COMMERCIAL (GENERAL)
$730,000
Current use
RETAIL STORES
$1,005,000
Change: +37% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$890,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$55 / 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
$10,285
Tax year 2022
Assessed value
$168,840
Assessed 2023
Previous assessed
$168,840
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$32,040
Assessed improvement
$136,800
Land market value
$80,100
Improvement market value
$342,000
Total market value
$422,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
12,112 SF
Lot
0.25 ac (10,846 SF)
Zoning code
CMU-1
APN
033-021- - -00001
UPID
US80-0783303
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$730,000
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$890,000
COMMERCIAL (GENERAL) 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
1910
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Goode Development Company LLC
Entity
Mailing address
378 N PERKINS RD, MEMPHIS, TN 38117-1712
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2022
—
Goode Development Company LLC
Jo Ellen Buehler
Re-recorded Document
related
—
Feb 15, 2019
—
Goode Dev Co LLC
—
Deed
related
$220,000 · Commercial Bk
Feb 20, 2017
—
Goode Dev Co LLC
—
Deed
related
$935,104 · Commercial Bk
Sep 13, 2016
—
Goode Dev Co LLC
—
Deed
related
$895,104 · Commercial Bk
Sep 18, 2012
$174,000
Goode Dev Co LLC
Buehler,jo Ellen
Warranty Deed
$139,200 · Merchants & Planters Bank
Dec 29, 1999
$75,000
Harold E Buehler
Lebovitz,dorothy R
Grant Deed
$75,000 · Lamberson Finance Co INC
—
—
Goode Dev Co LLC
—
Deed Of Trust
related
$220,000 · Commercial Bk
—
—
Goode Dev Co LLC
—
Deed Of Trust
related
$60,000 · Commercial Bank & Trust
—
—
Goode Dev Co LLC
—
Loan Modification
related
$493,098 · Commercial Bk
—
—
Goode Dev Co LLC
—
Deed Of Trust
related
$440,000 · Commercial Bk
—
—
Goode Dev Co LLC
—
Loan Modification
related
$895,104 · Commercial Bk
—
—
Goode Dev Co LLC
—
Loan Modification
related
$935,104 · Commercial Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2519 Broad Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
