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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Office buildings
3171 Directors Row Memphis, TN 38131-0405
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US80-0496586
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
54,674 SF
Lot
2.53 ac (110,120 SF)
Zoning code
EMP
APN
060-222- -C-00001-C
UPID
US80-0496586
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
-
CMI Healthcare Services Crisis Center Medical Clinic
-
Monica Warhaftig Geriatric Care Provider
-
Jerlena Gordon Physician
-
Kenny Terry Physician
-
Robert Baldwin Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$2.43M
Owner & transaction history
Case Management INC · 13 yrs held
Case Management INC
since 2012
7 recorded transactions
Zoning & alternative use
EMP · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±10%
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
$44 / 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
$2,020
Tax year 2022
Assessed value
$33,160
Assessed 2023
Previous assessed
$33,160
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$2,880
Assessed improvement
$30,280
Land market value
$133,300
Improvement market value
$1,406,400
Total market value
$1,539,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
54,674 SF
Lot
2.53 ac (110,120 SF)
Zoning code
EMP
APN
060-222- -C-00001-C
UPID
US80-0496586
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.
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.53 ac
Current owner
From public records · entity-resolved
Case Management INC
Entity
Mailing address
3171 DIRECTORS ROW, MEMPHIS, TN 38131-0405
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Oct 8, 2012
$1,300,000
Case Management INC
Directors Memphis LLC
Warranty Deed
$1,300,000 · Hope FCU
Feb 22, 2011
—
Kent H Azaren
Kent H Azaren Md I Dbr Of Trust
Quit Claim Deed
related
—
Feb 22, 2011
$440,000
Directors Memphis LLC
Memphis Directors Row Invtrs
Grant Deed
related
—
Dec 11, 2009
—
Directors Row Invtrs L Memphis
Sadon,don & Mary A
Quit Claim Deed
related
—
Nov 14, 2008
$1,744,650
Abraham Jeff Trust
Procure Properties LLC
Trustees Deed
—
Aug 2, 2006
—
Swift Transportation Co INC
Ms Carriers INC
Quit Claim Deed
related
—
Aug 2, 2006
$2,660,000
Procure Properties LLC
Atlantic Capital Realty LLC
Warranty Deed
$1,729,000 · Abraham Jeff Trust (tr)
Aug 2, 2006
$850,000
Atlantic Capital Realty LLC
Swift Transportation Co INC
Warranty 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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