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Property profile & analytics
OFF-MARKET
Estimated value
$4,500,000
Industrial properties
3120 Directors Row Memphis, TN 38131-0401
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0848841
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1981
Total area
22,040 SF
Lot
4.06 ac (176,723 SF)
Zoning code
EMP
APN
060-222- -I-00003-C
UPID
US80-0848841
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
$4.50M
CAP Approach
CAP
$3.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.50M
Owner & transaction history
Las Properties LLC · 1 yrs held
Las Properties LLC
since 2024
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+650.2%
Medical building
$3.2M
+248.5%
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
Method
Estimation
Statistic approach
$4,500,000
ML approach
$4,500,000
CAP Approach
CAP Return
Estimation
6%
$3,735,000
6.5%
$3,445,000
7%
$3,200,000
Alternative Use
Use
Estimation
RESTAURANT
$6,785,000
Change: +650% · Conversion: Difficult
MEDICAL BUILDING
$3,155,000
Change: +248% · Conversion: Difficult
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (Sep 26 2024)
Last sale anchor
$4.50M
Sep 26 2024
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
$204 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,454
Tax year 2023
Land market value
$217,600
Improvement market value
$293,500
Total market value
$511,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1981
Heating
SPACE
Cooling
NONE
Buildings
2
Stories
1
Total area
22,040 SF
Lot
4.06 ac (176,723 SF)
Zoning code
EMP
APN
060-222- -I-00003-C
UPID
US80-0848841
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$3.2M
RESTAURANT
MEDICAL BUILDING
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
1981
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
4.06 ac
Current owner
From public records · entity-resolved
Las Properties LLC
Entity
Mailing address
2460 KERPER BLVD STE #1100, DUBUQUE, IA 52001-2206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
—
Las Properties LLC
Economic Dev Growth Engine Industri
Quit Claim Deed
related
—
Sep 26, 2024
$4,500,000
All In Properties LLC
Las Properties LLC
Warranty Deed
—
May 1, 2019
$510,000
Las Properties LLC
Hudson,bryan D
Warranty Deed
$215,000 · Bryan D Hudson
Nov 8, 2016
$332,000
Bryan D Hudson
Hakimnia,kamyar
Warranty Deed
—
Nov 7, 2013
—
Hakik LLC
Aerotropolis LLC
Quit Claim Deed
related
—
Apr 2, 2008
$440,000
Aerotropolis LLC
Transcontinental Realty Invtrs
Grant Deed
—
Feb 20, 2002
$1,969,650
Transcontinental Realty Inv
National Melrose INC
Grant Deed
—
—
—
Hakik LLC
—
Deed Of Trust
related
$600,000 · Kakoska Trust (pt)
—
—
Las Properties LLC
—
Deed Of Trust
related
$2,435,250 · Triumph Bk
—
—
Bryan D Hudson
—
Deed Of Trust
related
$265,600 · Evolve Bk&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.
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