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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Warehouses
3750 Winchester Rd Memphis, TN 38118-5900
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0475747
Property summary
AI-generated overview
This exceptional 28,850-square-foot industrial flex space is available for lease in Memphis, Tennessee. Located at 3750 Winchester Rd, in Shelby County, this single-tenant property offers ample space for a variety of business needs. Built in 1978, the building boasts a functional layout with ceiling heights ranging from 12 to 13.5 feet, providing excellent vertical clearance for storage or equipment. The property features two dock-high doors and one drive-in door, ensuring efficient loading and unloading of goods. The entire 28,850 square feet is currently vacant, presenting a unique opportunity for a business seeking immediate occupancy. The property's location in Memphis offers convenient access to major transportation routes and a robust workforce. The lease rate is $3.50 per square foot, triple net (NNN), with an additional $0.90 per square foot covering taxes and insurance. This property is ideal for businesses requiring a large, functional space with excellent access and a competitive lease structure. The zip code is 38118.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Total area
35,200 SF
Lot
1.33 ac (57,891 SF)
Zoning code
EMP
APN
073-006- - -00043
UPID
US80-0475747
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
-
Singer H&R Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$922k
Blend (final)
Blend
$780k
Owner & transaction history
Two By Two Properites LLC · 4 yrs held
Two By Two Properites LLC
since 2022
Last sale
$800,000
3 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
$635,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,235,000
Current use
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $800k (Apr 29 2022)
Last sale anchor
$800k
Apr 29 2022
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
$22 / 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
$19,120
Tax year 2022
Assessed value
$313,880
Assessed 2023
Previous assessed
$313,880
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$90,600
Assessed improvement
$223,280
Land market value
$226,500
Improvement market value
$558,200
Total market value
$784,700
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
35,200 SF
Lot
1.33 ac (57,891 SF)
Zoning code
EMP
APN
073-006- - -00043
UPID
US80-0475747
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
WAREHOUSE, STORAGE Current
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
1978
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Two By Two Properites LLC
Entity
Mailing address
9160 US HWY 64TH STE #112, ARLINGTON, TN 38002-3010
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
—
Two By Two Properites LLC
Two By Two Properites LLC
Intrafamily Transfer
related
$36,358 · Freedom Mortgage Corp
Apr 16, 2021
$800,000
Two By Two Properties LLC
Winchester Getwell Company Gp
Special Warranty Deed
$640,000 · Landmark Community Bank
Aug 26, 2016
—
Winchester-getwell Co
Winchester-getwell Co
Quit Claim Deed
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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