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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Strip malls
2857 Kirby Rd Memphis, TN 38119-8234
Entity Owned
11-yr Hold
Free & Clear
Property ID
US80-1208079
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
20,000 SF
Lot
1.42 ac (61,986 SF)
Zoning code
CMU-1
APN
081-053- -B-00006
UPID
US80-1208079
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
-
Big Bill's Bar-Be-Que (East Memphis) Restaurant
-
All Star Hot Wings, LLC Restaurant
-
Swift Staffing Employment Agency
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
OneMain Financial Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$870k
Owner & transaction history
Wfc Kirby Gate LLC · 11 yrs held
Wfc Kirby Gate LLC
since 2015
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
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)
$1,210,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$44 / 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
$31,677
Tax year 2022
Assessed value
$520,000
Assessed 2023
Previous assessed
$520,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$88,120
Assessed improvement
$431,880
Land market value
$220,300
Improvement market value
$1,079,700
Total market value
$1,300,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
NONE
Stories
1
Total area
20,000 SF
Lot
1.42 ac (61,986 SF)
Zoning code
CMU-1
APN
081-053- -B-00006
UPID
US80-1208079
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)
Est. value
$1.2M
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
2003
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Wfc Kirby Gate LLC
Entity
Free & Clear · 11 yrs held
Mailing address
11440 SAN VICENTE BLVD STE #200, LOS ANGELES, CA 90049-6217
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2015
$3,425,000
Wfc Kirby Gate LLC
Shops At Kirby Gate LLC
Grant Deed
—
Sep 2, 2010
—
Shops At Kirby Gate LLC
—
Grant Deed
related
$5,817,260 · Magna Bank NA
Oct 7, 2009
—
Shops At Kirby Gate LLC
—
Grant Deed
related
$5,818,000 · Magna Bank NA
—
—
Wfc Kirby Gate LLC
—
Deed Of Trust
related
$2,400,000 · Kirby Gate Financing Ptrs LLC
—
—
Shops At Kirby Gate LLC
—
Deed Of Trust
related
$2,681,758 · Magna Bank NA
—
—
Wfc Kirby Gate LLC
—
Deed Of Trust
related
$1,400,000 · Banchick Granchildren' Tr (ct)
—
—
Shops At Kirby Gate LLC
—
Loan Modification
related
$2,681,756 · First Tr Bk
—
—
Shops At Kirby Gate LLC
—
Loan Modification
related
$2,681,758 · Magna Bank NA
—
—
Shops At Kirby Gate LLC
—
Deed Of Trust
related
$1,000,000 · Magna 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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