Individually Owned 
For Sale
1 / 19
$849,900
310 E Butler Ave, Memphis, TN 38126
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Property summary
AI-generated overview
The property is an industrial facility located in Memphis, Tennessee, with 13,460 square feet of heated, cooled, and covered space. It features high clearances with ceilings exceeding 30 feet and includes multiple large roll-up/garage doors (six total) for vehicle access. The existing improvements and equipment support metalworking and machinist-style operations, including lathes, commercial welders, 26 metalworking machines, and large air compressors, as well as material-handling assets such as three forklifts and multiple 10-ton lifts. Operational support amenities include two restrooms and a kitchen, and the property also includes large vehicle storage/yard components with space for four trucks and three trailers. The property is zoned SDR and is configured to accommodate a range of industrial business uses through its high-bay layout, vehicle access, and functional interior and exterior work areas.
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
Current use
Occupant on record · Public records
-
General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$225k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$225k
Owner & transaction history
since 2025
Last sale
$321,000
4 recorded transactions
Zoning & alternative use
SDR · Memphis, TN
Zoning description
The purpose of this district is to encourage new residential neighborhood development in the South Downtown Area.
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$225k
Value range
$203k – $248k
±10% around blend
Estimated value / SF
$17 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$203k
blend $225k
$248k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,460 SF
Lot area
0.4 ac
Year built
1950
Stories
1
APN
005-027- - -00026-C
Zoning
SDR
Assessed value
$89,920
Annual tax
$5,478
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$5,478
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$225k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 113 sales
$41
-59%
County 133 sales
$40
-58%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $17/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.90M
Move the market yield to see immediate price impact.
Value / SF
$141
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$120k
$2.39M
$1.71M
$1.33M
$133k
$2.66M
$1.90M
$1.48M
$146k
$2.93M
$2.09M
$1.63M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
For Sale
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, TNZoning SDR · permitted uses
SDR · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of this district is to encourage new residential neighborhood development in the South Downtown Area.
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1950
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
0.4 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
SDR
COMMERCIAL
Jurisdiction
Memphis, TN
Recorded code
SDR
Official district
SDR
Official district profile
What the municipal code says about SDR
Zoning description
The purpose of this district is to encourage new residential neighborhood development in the South Downtown Area.
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SDR in Memphis, TN.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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