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Property profile & analytics
OFF-MARKET
Manufacturing properties
310 Butler Ave Memphis, TN 38126-3306
Individually Owned
Free & Clear
Property ID
US80-0885696
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1950
Total area
13,460 SF
Lot
0.4 ac (17,380 SF)
Zoning code
SDR
APN
005-027- - -00026-C
UPID
US80-0885696
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
-
Prentice Machine Works, Inc. General Contractor
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
Donald Joe Pritchett
Donald Joe Pritchett
since 2025
Last sale
$321,000
4 recorded transactions
Zoning & alternative use
SDR · 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
$5,478
Tax year 2022
Assessed value
$89,920
Assessed 2023
Previous assessed
$89,920
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$10,640
Assessed improvement
$79,280
Land market value
$26,600
Improvement market value
$198,200
Total market value
$224,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1950
Heating
SPACE
Cooling
NONE
Stories
1
Units
1
Total area
13,460 SF
Lot
0.4 ac (17,380 SF)
Zoning code
SDR
APN
005-027- - -00026-C
UPID
US80-0885696
Jurisdiction
SHELBY
Zoning & alternative use
SDR · Memphis, TN
Zoning SDR · permitted uses
SDR · 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
1950
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Donald Joe Pritchett
Individual
Free & Clear · 0 yrs held
Mailing address
310 E BUTLER AVE, MEMPHIS, TN 38126-3306
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
$321,000
Donald Joe Pritchett
Prentice Machine Works INC
Warranty Deed
—
Apr 8, 2010
—
Prentice Machine Works INC
—
Trustees Deed
related
$200,000 · First Tennessee Bank National
—
—
Prentice Machine Works INC
—
Deed Of Trust
related
$200,000 · First Tennessee Bank National
—
—
Prentice Machine Works INC
—
Deed Of Trust
related
$200,000 · First Tennessee Bank National
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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