Back to Search
Property profile & analytics
FOR LEASE
Warehouses
2950 Brother Blvd Bartlett, TN 38133
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0088500
For Lease
1 / 2
$8,540,000
2950 Brother Blvd, Bartlett, TN 38133
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Total area
232,375 SF
Lot
20 ac (871,200 SF)
Zoning code
I-P
APN
B01-58 - - -00227-C
UPID
US80-0088500
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
-
Scripts MD Llc Factory Production Facility
-
Service Disabled Veterans Enterprise Consultant
-
Memphis Metro Volleyball Gym & Fitness Center Sports Field & Court
-
Brimhall Foods Warehouse & Storage
-
Benchmark Medical Transportation Ambulance Service Emergency Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.69M
Blend (final)
Blend
$8.54M
Owner & transaction history
Plymouth 2950 Brother Tn LLC · 5 yrs held
Plymouth 2950 Brother Tn LLC
since 2021
Last sale
$9.2M
6 recorded transactions
Zoning & alternative use
I-P · Bartlett, 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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
$7,520,000
ML approach
$8,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,530,000
Current use
Blend value · Realmo final
$8.54M
Range $7.69M – $9.39M · ±10% · vs last sale $9.20M (Jul 19 2021)
Last sale anchor
$9.20M
Jul 19 2021
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
$37 / 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
$113,341
Tax year 2022
Assessed value
$3,343,400
Assessed 2023
Previous assessed
$3,343,400
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$1,058,160
Assessed improvement
$2,285,240
Land market value
$2,645,400
Improvement market value
$5,713,100
Total market value
$8,358,500
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1987
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
232,375 SF
Lot
20 ac (871,200 SF)
Zoning code
I-P
APN
B01-58 - - -00227-C
UPID
US80-0088500
Jurisdiction
SHELBY
Zoning & alternative use
I-P · Bartlett, TN
Zoning I-P · permitted uses
I-P · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.5M
WAREHOUSE, STORAGE Current
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
1987
Heating
SPACE
Cooling
Yes
Stories
1
Lot
20 ac
Current owner
From public records · entity-resolved
Plymouth 2950 Brother Tn LLC
Entity
Free & Clear · 5 yrs held
Mailing address
20 CUSTOM HOUSE ST, BOSTON, MA 02110-3513
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
—
Plymouth 2950 Brother Tn LLC
—
Deed
related
—
Feb 10, 2026
—
Plymouth 2950 Brother Tn LLC
—
Deed
related
—
Jul 19, 2021
$9,200,000
Plymouth 2950 Brother Tn LLC
2950 Brother LLC
Special Warranty Deed
—
Jul 19, 2021
—
Plymouth 2950 Brother Tn LLC
2950 Brother LLC
Quit Claim Deed
related
—
Jul 7, 2006
$3,715,000
2950 Brother LLC
Comprehensive Computer Svcs In
Warranty Deed
$3,715,000 · Bank Of Bartlett
Jun 23, 2005
$2,800,000
Computer Svcs In Comprehensive
Brother Industries USA INC
Warranty Deed
$2,300,000 · Brother Industries (usa) INC
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?”
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.
