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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office Spaces
360 New Byhalia Rd Collierville, TN 38017-3706
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-1697571
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1990
Total area
7,020 SF
Lot
0.17 ac (7,579 SF)
Zoning code
SCC
APN
C02-44R- -G-00004
UPID
US80-1697571
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
-
Town Square Vineyard Church Church
-
Collierville Banquet Hall Hotel & Motel Resort
-
DanceVersify Academy Theater & Performing Art Venue Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$745k
Blend (final)
Blend
$630k
Owner & transaction history
Narsinghant Mgmt Grp INC · 7 yrs held
Narsinghant Mgmt Grp INC
since 2018
7 recorded transactions
Zoning & alternative use
SCC · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+1.8%
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 Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,020,000
Current use
MEDICAL BUILDING
$1,040,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$90 / 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
$6,608
Tax year 2022
Assessed value
$129,320
Assessed 2023
Previous assessed
$129,320
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$18,680
Assessed improvement
$110,640
Land market value
$46,700
Improvement market value
$276,600
Total market value
$323,300
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,020 SF
Lot
0.17 ac (7,579 SF)
Zoning code
SCC
APN
C02-44R- -G-00004
UPID
US80-1697571
Jurisdiction
SHELBY
Zoning & alternative use
SCC · Collierville, TN
Zoning SCC · permitted uses
SCC · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Collierville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING Current
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Narsinghant Mgmt Grp INC
Entity
Mailing address
8524 TOURNAMENT DR, MEMPHIS, TN 38125-8878
Ownership since
2018
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
Sep 12, 2018
$210,000
Narsinghant Mgmt Grp INC
Hill Memphis
Warranty Deed
$171,623 · Renasant Bk
Mar 15, 2016
—
Hill Memphis
Town Square Vineyard Ch INC
Quit Claim Deed
related
—
Apr 11, 2012
—
Grace Crossing Church
—
Deed Of Trust
related
$2,347,463 · Trust One Bank
Apr 4, 2012
$235,000
Town Square Vineyard Ch INC
Church Grace Crossing Church
Warranty Deed
$211,500 · Commercial Bank & Trust
May 12, 2010
—
Grace Crossing Church
Southeast Church Of Christ
Quit Claim Deed
related
$96,691 · Trust One Bank
Aug 30, 1999
—
Southeast Church Of Christ
Albert,david
Quit Claim Deed
related
$127,144 · Banktennessee
—
—
Hill Memphis
—
Deed Of Trust
related
$178,650 · Bank Of Fayette Cnty
—
—
Hill Memphis
—
Deed Of Trust
related
$20,000 · Bank Of Fayette Cnty
—
—
Southeast Church Of Christ Tru
—
Deed Of Trust
related
$349,419 · Bancorp South 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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