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Property profile & analytics
FOR SALE
Truck terminals
3328 Gemini Dr Memphis, TN 38109
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US80-3457331
For Sale
1 / 2
Contact for pricing
3328 Gemini Dr, Memphis, TN 38109
View Listing →
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1972
Total area
19,393 SF
Lot
4.85 ac (211,310 SF)
Zoning code
EMP
APN
050-123- -A-00001
UPID
US80-3457331
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
-
Protrans International Freight Service Logistics Company
-
Performance Trailer Repair Inc. Auto Repair Shop
-
RMDS Corporate Office
-
W.W. Rowland Trucking Co., Inc. Trucking Company
-
Diligent Delivery Systems Shipping Company Freight Service
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
Ww Rowland Investment Co INC · 16 yrs held
Ww Rowland Investment Co INC
since 2009
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
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
$9,686
Tax year 2022
Assessed value
$159,000
Assessed 2023
Previous assessed
$159,000
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$68,000
Assessed improvement
$91,000
Land market value
$170,000
Improvement market value
$227,500
Total market value
$397,500
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
For Sale
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
19,393 SF
Lot
4.85 ac (211,310 SF)
Zoning code
EMP
APN
050-123- -A-00001
UPID
US80-3457331
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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
4.85 ac
Current owner
From public records · entity-resolved
Ww Rowland Investment Co INC
Entity
Mailing address
3328 GEMINI DR, MEMPHIS, TN 38109-2902
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2009
$365,000
Ww Rowland Investment Co INC
Gemini Realty LLC
Grant Deed
—
Jan 21, 2009
$365,000
Ww Investments INC
Gemini Realty LLC
Warranty Deed
—
Jun 11, 2007
—
Gemini Realty LLC
Mccormack,joe
Quit Claim Deed
related
—
Jun 12, 2006
—
Joseph I Mccormack
—
Trustees Deed
related
$145,000 · Paragon National Bank
Jan 23, 2006
—
Joseph I Mccormack
—
Trustees Deed
related
$145,000 · Paragon National Bank
Sep 1, 2005
—
Powell Brothers INC
Powell Brothers Ptshp
Quit Claim Deed
related
—
Apr 22, 2004
—
Powell Brothers INC
Powell Brothers
Quit Claim Deed
related
—
Apr 22, 2004
$300,000
Joe Mccormack
Powell Brother INC
Grant Deed
$240,000 · Memphis Area Teachers Cu
—
—
Joe L Mccormack
—
Deed Of Trust
related
$75,833 · Memphis Area Teachers Cu
—
—
Ww Rowland Investment Co INC
—
Deed Of Trust
related
$290,000 · Sterling Bank
—
—
Joseph I Mccormack
—
Deed Of Trust
related
$83,750 · Paragon National Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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