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Property profile & analytics
OFF-MARKET
Bars & Pubs
2882 Lamb Pl Memphis, TN 38118-1517
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-3517847
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1994
Total area
5,145 SF
Lot
0.66 ac (28,575 SF)
Zoning code
EMP
APN
060-174- - -00022
UPID
US80-3517847
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
-
Elite Entertainment Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Satco INC · 6 yrs held
Satco INC
since 2020
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
EMP · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,763
Tax year 2022
Assessed value
$94,600
Assessed 2023
Previous assessed
$94,600
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$15,440
Assessed improvement
$79,160
Land market value
$38,600
Improvement market value
$197,900
Total market value
$236,500
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
5,145 SF
Lot
0.66 ac (28,575 SF)
Zoning code
EMP
APN
060-174- - -00022
UPID
US80-3517847
Jurisdiction
SHELBY
Zoning & alternative use
EMP · Memphis, TN
Zoning EMP · permitted uses
EMP · 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
1994
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Satco INC
Entity
Free & Clear · 6 yrs held
Mailing address
1601 E EL SEGUNDO BLVD, EL SEGUNDO, CA 90245-4334
Ownership since
2020
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
Mar 17, 2020
$300,000
Satco INC
Silent Strippers LLC
Warranty Deed
—
Mar 21, 2019
—
Lamb Place Properties LLC
Brizendine,richard C
Quit Claim Deed
related
—
Feb 15, 2018
—
Office Of The Royal Maku Chief
Silent Strippers LLC
Quit Claim Deed
related
—
May 24, 2010
$868,386
John W Pike
Shuler Distributing Co
Warranty Deed
$675,583 · Cadence Bank
Apr 10, 2007
—
Silent Strippers LLC
Charles Ross LLC
Quit Claim Deed
related
—
Sep 8, 2005
$375,000
Charles Ross LLC
Patton Leroy P Trust
Grant Deed
—
Mar 23, 2005
—
Patton Leroy R Trust 3
Patton Leroy P Trust 3
Quit Claim Deed
related
—
—
—
Silent Strippers LLC
—
Deed Of Trust
related
$700,000 · Walker John & Monica Tr (tr)
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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