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Property profile & analytics
OFF-MARKET
Flex space
3030 Lucy Rd Millington, TN 38053
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-3260732
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1968
Total area
1,740 SF
Lot
2.04 ac (88,819 SF)
Zoning code
CA
APN
D01-36 - - -00041
UPID
US80-3260732
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
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
Carguys Auto Recon LLC · 1 yrs held
Carguys Auto Recon LLC
since 2025
Last sale
$250,000
7 recorded transactions
Zoning & alternative use
CA · Millington, 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 Millington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millington 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
$857
Tax year 2022
Assessed value
$25,280
Assessed 2023
Previous assessed
$25,280
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$24,560
Assessed improvement
$720
Land market value
$61,400
Improvement market value
$1,800
Total market value
$63,200
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1968
Heating
SPACE
Cooling
NONE
Stories
1
Units
1
Total area
1,740 SF
Lot
2.04 ac (88,819 SF)
Zoning code
CA
APN
D01-36 - - -00041
UPID
US80-3260732
Jurisdiction
SHELBY
Zoning & alternative use
CA · Millington, TN
Zoning CA · permitted uses
CA · Millington, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
Carguys Auto Recon LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6076 51ST N, MEMPHIS, TN 38053
Ownership since
2025
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
Jul 10, 2025
$250,000
Carguys Auto Recon LLC
Bank Of Fayette County
Special Warranty Deed
—
Apr 29, 2025
$258,861
The Bank Of Fayette County
Turf Doctors L&lm LLC
Trust Deed
related
—
Aug 14, 2023
—
Brian Okeith Johnson Revocable Trus
Turf Doctors L & Lm LLC
Quit Claim Deed
related
—
Feb 7, 2022
$310,000
Turf Doctors L&lm LLC
Amy Williams Leasing LLC
Warranty Deed
$263,500 · The Bank Of Fayette County
Oct 9, 2019
—
Amy Williams Leasing LLC
Care Diesel
Quit Claim Deed
related
—
Oct 1, 2019
—
Diesel Care & Performance INC
Williams,william T
Quit Claim Deed
related
—
Sep 7, 2018
$205,000
William T Williams
Smith,jesse L & Albert J
Warranty Deed
—
Aug 21, 2018
—
Justin Smith
Conner,jerry L III
Quit Claim Deed
related
—
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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