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Property profile & analytics
OFF-MARKET
Estimated value
$4,920,000
Truck terminals
3400 Millbranch Rd Memphis, TN 38116-3626
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0463293
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1965
Total area
90,812 SF
Lot
19.7 ac (858,045 SF)
Zoning code
EMP
APN
078-005- - -00055-C
UPID
US80-0463293
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
-
Blissful Creations By T&T Event Planning Wedding Service
-
Central Transport LLC Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$4.92M
Owner & transaction history
Lakeshore Ventures LLC · 5 yrs held
Lakeshore Ventures LLC
since 2021
Last sale
$6.0M
6 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
$4,820,000
ML approach
$4,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.92M
Range $4.43M – $5.41M · ±10% · vs last sale $6.00M (May 3 2021)
Last sale anchor
$6.00M
May 3 2021
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
$54 / 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
$28,441
Tax year 2022
Assessed value
$466,880
Assessed 2023
Previous assessed
$466,880
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$437,720
Assessed improvement
$29,160
Land market value
$1,094,300
Improvement market value
$72,900
Total market value
$1,167,200
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
Off-Market
Year built
1965
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Total area
90,812 SF
Lot
19.7 ac (858,045 SF)
Zoning code
EMP
APN
078-005- - -00055-C
UPID
US80-0463293
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
1965
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
19.7 ac
Current owner
From public records · entity-resolved
Lakeshore Ventures LLC
Entity
Mailing address
12225 STEPHENS RD, WARREN, MI 48089-2010
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
$6,000,000
Lakeshore Ventures LLC
Saia Motor Freight Line LLC
Special Warranty Deed
—
Apr 11, 2019
—
Saia Motor Freight Line LLC
—
Deed
related
$300,000 · Bank Of Ok
Nov 16, 2009
—
Saia Motor Freight Line LLC
—
Deed Of Trust
related
$3,650,000 · Bank Of Oklahoma
Aug 28, 2009
—
Saia Motor Freight Line LLC
—
Deed Of Trust
related
$150,000,000 · Bank Ok
—
—
Saia Motor Freight Line LLC
—
Loan Modification
related
$300,000 · Bank Of Ok
—
—
Saia Motor Freight Line LLC
—
Loan Modification
related
$250,000,000 · Bank Of Ok
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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