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Property profile & analytics
FOR LEASE
Auto shops
2734 S Mendenhall Rd Memphis, TN 38115
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-0505701
For Lease
1 / 2
$15.69 SF/Yr
2734 S Mendenhall Rd, Memphis, TN 38115
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1994
Total area
5,733 SF
Lot
1.79 ac (78,147 SF)
Zoning code
CMU-1
APN
074-089- -E-00006
UPID
US80-0505701
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
-
Hertz - Lyft, Memphis Car Rental Facility
-
Hyundai at Gossett South Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$560k
Owner & transaction history
Beruk Properties INC · 2 yrs held
Beruk Properties INC
since 2023
Last sale
$585,000
7 recorded transactions
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$820,000
+106.8%
Apartment house (5+ units)
$510,000
+28.6%
Office building
$475,000
+19.5%
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
$565,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$395,000
Current use
MEDICAL BUILDING
$820,000
Change: +107% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$510,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$475,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$420,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$375,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$345,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $585k (Dec 1 2023)
Last sale anchor
$585k
Dec 1 2023
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
$98 / 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
$11,099
Tax year 2022
Assessed value
$182,200
Assessed 2023
Previous assessed
$182,200
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$95,440
Assessed improvement
$86,760
Land market value
$238,600
Improvement market value
$216,900
Total market value
$455,500
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
1994
Heating
SPACE
Cooling
NONE
Stories
1
Total area
5,733 SF
Lot
1.79 ac (78,147 SF)
Zoning code
CMU-1
APN
074-089- -E-00006
UPID
US80-0505701
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
AUTO REPAIR, GARAGE Current
Est. value
$395,000
MEDICAL BUILDING
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$510,000
OFFICE BUILDING
Est. value
$475,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$420,000
RETAIL STORES
Est. value
$375,000
COMMERCIAL (GENERAL)
Est. value
$345,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1994
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Beruk Properties INC
Entity
Mailing address
3264 W SARAZENS CIR, MEMPHIS, TN 38125-0808
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$585,000
Beruk Properties INC
Southbay Properties LLC
Warranty Deed
$1,437,101 · Simmons Bank
Jun 29, 2004
—
Southbay Properties LLC
Andrew Properties LLC
Quit Claim Deed
related
—
May 21, 2001
$612,703
Andrews Properties LLC
Schilling Companies INC
Grant Deed
$550,000 · Firstbank NA
Dec 27, 2000
$275,000
Schilling Companies INC
Schilling Companies INC
Quit Claim Deed
related
—
Dec 21, 1998
$233,754
Schilling INC
Foxgate Plaza Joint Venture
Grant Deed
—
—
—
Southbay Properties LLC
—
Deed Of Trust
related
$216,667 · Insouth Bank
—
—
Southbay Properties LLC
—
Deed Of Trust
related
$2,136,000 · Financial Fed'l Bk
—
—
Southbay Properties LLC
—
Deed Of Trust
related
$250,000 · Insouth Bk
—
—
Southbay Properties LLC
—
Deed Of Trust
related
$123,080 · Insouth Bank
—
—
Southbay Properties LLC
—
Deed Of Trust
related
$480,000 · First Capital Bank Ssb
—
—
David Andrews
—
Deed Of Trust
related
$294,424 · First Financial Bank NA
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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