Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Warehouses
3869 Thomas St Memphis, TN 38127-3729
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1712175
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1970
Total area
45,436 SF
Lot
3.43 ac (149,411 SF)
Zoning code
EMP
APN
D01-45 - - -00046
UPID
US80-1712175
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
-
Time Card Sales Department Store
-
Allied Systems Inc Security Service
-
I D Products Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$670k
Owner & transaction history
Chad George · 2 yrs held
Chad George
since 2023
7 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
by Request
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$15 / 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
$7,619
Tax year 2022
Assessed value
$224,760
Assessed 2023
Previous assessed
$224,760
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$56,840
Assessed improvement
$167,920
Land market value
$142,100
Improvement market value
$419,800
Total market value
$561,900
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
1970
Heating
SPACE
Cooling
NONE
Buildings
2
Stories
1
Total area
45,436 SF
Lot
3.43 ac (149,411 SF)
Zoning code
EMP
APN
D01-45 - - -00046
UPID
US80-1712175
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.
Building & site characteristics
From public records
Year built
1970
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.43 ac
Current owner
From public records · entity-resolved
Chad George
Individual
Mailing address
3869 THOMAS ST, MEMPHIS, TN 38127-3729
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2023
—
Chad George
Samantha Beyer
Quit Claim Deed
related
—
Sep 2, 2020
—
Brian A Beyer
Brian A Beyer
Quit Claim Deed
related
—
Jun 7, 2019
—
Samantha Beyer
Beyer,ray
Quit Claim Deed
related
—
Jan 4, 2017
—
Timothy Beyer
—
Deed
related
$520,259 · Regions Bk
Sep 20, 2012
—
Samantha Beyer
Beyer,samantha & Ray
Quit Claim Deed
related
—
Jun 19, 2012
—
Samantha Beyer
Beyer,samantha
Quit Claim Deed
related
—
—
—
Samantha Beyer
—
Deed Of Trust
related
$700,000 · Regions Bank
—
—
Leo R Beyer
—
Deed Of Trust
related
$960,000 · Amsouth Bank
—
—
Beyer,samantha & Timothy
—
Deed Of Trust
related
$700,000 · Regions Bk/fayette
—
—
Timothy Beyer
—
Loan Modification
related
$520,259 · Regions Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3869 Thomas St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
