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Property profile & analytics
OFF-MARKET
Office buildings
3561 Hickory Hl Rd Memphis, TN 38115-3832
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-3400221
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
FRAME
Total area
2,730 SF
Lot
1 ac (43,473 SF)
Zoning code
CMU-1
APN
093-421- -E-00002
UPID
US80-3400221
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
-
South Memphis Clinic Medical Clinic
-
Time of Day Services Professional Services Store
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
Errol M Thomas JR · 5 yrs held
Errol M Thomas JR
since 2020
Last sale
$90,000
7 recorded transactions
Zoning & alternative use
CMU-1 · 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
$7,814
Tax year 2022
Assessed value
$128,280
Assessed 2023
Previous assessed
$128,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$78,240
Assessed improvement
$50,040
Land market value
$195,600
Improvement market value
$125,100
Total market value
$320,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,730 SF
Lot
1 ac (43,473 SF)
Zoning code
CMU-1
APN
093-421- -E-00002
UPID
US80-3400221
Jurisdiction
SHELBY
Zoning & alternative use
CMU-1 · Memphis, TN
Zoning CMU-1 · permitted uses
CMU-1 · 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
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Errol M Thomas JR
Individual
Free & Clear · 5 yrs held
Mailing address
10352 N DUNCAN WOODS DR, COLLIERVILLE, TN 38017-5537
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
—
Errol M Thomas JR
Thomas Errol JR.
Quit Claim Deed
related
—
Aug 31, 2018
—
Ana Janette Sat
Ana,jenne S
Quit Claim Deed
related
—
Jan 18, 2017
—
Jeanne Sta Ana
Jeannea Sta Ana
Intrafamily Transfer
related
$200,750 · Paragon Bank
Aug 8, 2016
—
Sta Ana Rozen & Janette
—
Trustees Deed
related
$35,250 · Paragon Bk
Mar 28, 2016
$90,000
Jeanne S Ana
Cnl Restaurant Capital Corp
Grant Deed
—
Jun 27, 2013
$200,000
Cnl Restaurant Capital Corp
Cnl Net Lease Funding 2003 LLC
Grant Deed
related
—
May 26, 2006
$1,725,000
Cnl Net Lease Funding 2003 LLC
Serve Holdings LLC
Grant Deed
related
$1,725,000 · Wells Fargo Bank
Nov 20, 2003
—
Captain Ds LLC
Shoneys INC
Quit Claim Deed
related
—
—
—
Serve Holdings LLC
—
Deed Of Trust
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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