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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Manufacturing properties
2605 Chelsea Ave Memphis, TN 38108-1706
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0461167
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1970
Total area
60,300 SF
Lot
5.95 ac (259,182 SF)
Zoning code
IH
APN
042-054- - -00003
UPID
US80-0461167
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
-
Onsite Environmental Waste Management Facility Hazardous Waste Disposal
-
Goodwill Administration Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$840k
Owner & transaction history
Allwaste Onsite LLC · 6 yrs held
Allwaste Onsite LLC
since 2019
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$14 / 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
$8,843
Tax year 2022
Assessed value
$145,160
Assessed 2023
Previous assessed
$145,160
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$55,960
Assessed improvement
$89,200
Land market value
$139,900
Improvement market value
$223,000
Total market value
$362,900
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
60,300 SF
Lot
5.95 ac (259,182 SF)
Zoning code
IH
APN
042-054- - -00003
UPID
US80-0461167
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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.95 ac
Current owner
From public records · entity-resolved
Allwaste Onsite LLC
Entity
Mailing address
950 MCCARTY STA, HOUSTON, TX 77029-2424
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2019
$5,000,000
Allwaste Onsite LLC
Combs Industrial Services INC
Grant Deed
$5,000,000 · Cadence Bk NA
Sep 2, 2011
$150,000
Combs Industrial Services INC
Pham Properties LLC
Warranty Deed
$123,563 · Regions Bank
Apr 8, 2010
$40,000
Pham Properties LLC
Memphis Goodwill Industries In
Warranty Deed
—
—
—
Combs Industrial Services INC
—
Deed Of Trust
related
$1,189,931 · Regions Bk
—
—
Combs Industrial Services INC
—
Deed Of Trust
related
$483,247 · Regions Bank
—
—
Memphis Goodwill Industries
—
Deed Of Trust
related
$240,000 · First Tennessee Bank National
—
—
Goodwill Industries INC
—
Deed Of Trust
related
$450,000 · First Tennessee Bank National
—
—
Combs Industrial Services INC
—
Deed Of Trust
related
$531,473 · Regions 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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