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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Grocery and convenience stores
3825 Shelby Dr Memphis, TN 38118-7700
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-0697411
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2018
Total area
8,000 SF
Lot
0.91 ac (39,640 SF)
Zoning code
EMP
APN
073-112- - -00003
UPID
US80-0697411
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
-
Brother’s Food Grocery & Convenience Store
-
Marathon Gas Station
-
Coin Connection Bitcoin ATM Atm
-
SHELBY NUTRITION Restaurant
-
Smooth Wireless Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$890k
Owner & transaction history
Brothers Real Estate INC · 7 yrs held
Brothers Real Estate INC
since 2019
4 recorded transactions
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+309.2%
Auto repair, garage
$775,000
+177.3%
Apartment house (5+ units)
$710,000
+154.5%
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
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
MEDICAL BUILDING
$1,145,000
Change: +309% · Conversion: Difficult
AUTO REPAIR, GARAGE
$775,000
Change: +177% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$710,000
Change: +154% · Conversion: Difficult
RETAIL STORES
$665,000
Change: +137% · Conversion: Easy
OFFICE BUILDING
$620,000
Change: +122% · Conversion: Moderate
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$111 / 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
$19,194
Tax year 2022
Assessed value
$315,080
Assessed 2023
Previous assessed
$315,080
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$79,320
Assessed improvement
$235,760
Land market value
$198,300
Improvement market value
$589,400
Total market value
$787,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,000 SF
Lot
0.91 ac (39,640 SF)
Zoning code
EMP
APN
073-112- - -00003
UPID
US80-0697411
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
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$775,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$710,000
RETAIL STORES
Est. value
$665,000
OFFICE BUILDING
Est. value
$620,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE 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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Brothers Real Estate INC
Entity
Mailing address
3825 E SHELBY DR, MEMPHIS, TN 38118-7700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2019
$600,000
Brothers Real Estate INC
Said,hammam & Ayham
Warranty Deed
$787,180 · First Sec Bk
Oct 28, 2014
$585,000
Said,hammam & Ayham
Al-jafari,amer Z
Grant Deed
$550,000 · Bancorpsouth
Nov 27, 2006
$705,000
Amer Z Al-jafari
Bp Products North America INC
Grant Deed
$1,250,000 · Bancorp South Bank
—
—
Hammam Said
—
Deed Of Trust
related
$320,000 · Graves Oil Co INC
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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