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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Warehouses
369 Distribution Pkwy Collierville, TN 38017-3924
Individually Owned
9-yr Hold
Free & Clear
Property ID
US80-0111171
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
9,600 SF
Lot
0.62 ac (26,964 SF)
Zoning code
RI
APN
C02-44A- -E-00007
UPID
US80-0111171
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
-
Sign Matters Inc (Bike/Boat/Book/etc) Store Printing Service
-
Sign Studio (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$630k
Owner & transaction history
Joseph G Yarborough · 9 yrs held
Joseph G Yarborough
since 2016
5 recorded transactions
Zoning & alternative use
RI · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$960,000
+47.4%
Retail stores
$860,000
+32.4%
Apartment house (5+ units)
$855,000
+31.6%
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
WAREHOUSE, STORAGE
$650,000
Current use
AUTO REPAIR, GARAGE
$960,000
Change: +47% · Conversion: Easy
RETAIL STORES
$860,000
Change: +32% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$855,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: +31% · Conversion: Moderate
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
$66 / 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
$10,132
Tax year 2022
Assessed value
$198,280
Assessed 2023
Previous assessed
$198,280
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$43,200
Assessed improvement
$155,080
Land market value
$108,000
Improvement market value
$387,700
Total market value
$495,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,600 SF
Lot
0.62 ac (26,964 SF)
Zoning code
RI
APN
C02-44A- -E-00007
UPID
US80-0111171
Jurisdiction
SHELBY
Zoning & alternative use
RI · Collierville, TN
Zoning RI · permitted uses
RI · 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
WAREHOUSE, STORAGE Current
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$960,000
RETAIL STORES
Est. value
$860,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$855,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Joseph G Yarborough
Individual
Free & Clear · 9 yrs held
Mailing address
520 JUSTANA DR, COLLIERVILLE, TN 38017-4999
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2016
$475,000
Joseph G Yarborough
Dpi Properties LLC
Grant Deed
—
Jul 6, 2016
$475,000
Joseph G Yarborough
Dpi Properties LLC
Warranty Deed
$380,000 · First Alliance Bk
Dec 30, 2010
$575,000
Dpi Properties LLC
Hobbs,james V II
Warranty Deed
—
May 21, 2007
—
James V Hobbs II
Skip Hobbs Construction LLC
Quit Claim Deed
related
—
Aug 31, 2005
$450,000
Skip Hobbs Construction LLC
Trh Investments LLC
Warranty Deed
$408,000 · Trust One 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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