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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Grocery and convenience stores
3865 New Brownsville Rd, Memphis, TN 38135-2288
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3517486
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2000
Total area
6,936 SF
Lot
1.4 ac (60,810 SF)
Zoning code
CMU-2
APN
D01-47 - - -00439
UPID
US80-3517486
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
-
RockItCoin Bitcoin ATM Atm
-
ATM Atm
-
Marathon Gas Station
-
On The Go Nailz Salon & Spa Nail Salon
-
New Brownsville Handwash And Detailing Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$788k
Blend (final)
Blend
$1.19M
Owner & transaction history
Hrr LLC · 5 yrs held
Hrr LLC
since 2021
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$990,000
+94.9%
Office building
$825,000
+62.5%
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
$1,005,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
$1,390,000
6.5%
$1,285,000
7%
$1,190,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$990,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$825,000
Change: +62% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.25M (Jan 7 2021)
Last sale anchor
$1.25M
Jan 7 2021
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
$171 / 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
$15,039
Tax year 2022
Assessed value
$443,640
Assessed 2023
Previous assessed
$443,640
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$97,160
Assessed improvement
$346,480
Land market value
$242,900
Improvement market value
$866,200
Total market value
$1,109,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2000
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
6,936 SF
Lot
1.4 ac (60,810 SF)
Zoning code
CMU-2
APN
D01-47 - - -00439
UPID
US80-3517486
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Memphis, TN
Zoning CMU-2 · permitted uses
CMU-2 · 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
$990,000
OFFICE BUILDING
Est. value
$825,000
MEDICAL BUILDING
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
2000
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.4 ac
Current owner
From public records · entity-resolved
Hrr LLC
Entity
Mailing address
3865 NEW BROWNSVILLE RD, MEMPHIS, TN 38135-2288
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Jan 7, 2021
$1,250,000
Hrr LLC
J S Bp INC
Warranty Deed
$991,343 · Banktennessee
May 27, 2011
$1,300,000
Prestige Dry Cleaners INC
Shelby Investment Group LLC
Warranty Deed
$1,040,000 · Brighton Bank
Jun 19, 2006
$2,935,000
Shelby Investment Group LLC
Sisco INC
Warranty Deed
—
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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