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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Day care centers
3874 Kirby Pkwy Memphis, TN 38115-5228
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0703939
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1997
Total area
4,800 SF
Lot
1.67 ac (72,745 SF)
Zoning code
RU-2
APN
093-500- - -00206
UPID
US80-0703939
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
-
Nurturing Young Minds Preschool & Afterschool High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$365k
Blend (final)
Blend
$540k
Owner & transaction history
Marc Erlich · 4 yrs held
Marc Erlich
since 2021
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
RU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$685,000
+178.1%
Office building
$395,000
+60.8%
Neighborhood: shopping center
$350,000
+42.7%
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
$480,000
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$685,000
Change: +178% · Conversion: Difficult
OFFICE BUILDING
$395,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$350,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$330,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $600k (Aug 23 2021)
Last sale anchor
$600k
Aug 23 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
$113 / 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
$12,378
Tax year 2022
Assessed value
$203,200
Assessed 2023
Previous assessed
$203,200
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$77,560
Assessed improvement
$125,640
Land market value
$193,900
Improvement market value
$314,100
Total market value
$508,000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,800 SF
Lot
1.67 ac (72,745 SF)
Zoning code
RU-2
APN
093-500- - -00206
UPID
US80-0703939
Jurisdiction
SHELBY
Zoning & alternative use
RU-2 · Memphis, TN
Zoning RU-2 · permitted uses
RU-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
$685,000
OFFICE BUILDING
Est. value
$395,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$350,000
AUTO REPAIR, GARAGE
Est. value
$330,000
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Marc Erlich
Individual
Mailing address
1637 PAPER ML RD, JENKINTOWN, PA 19046-1016
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2021
$600,000
Marc Erlich
Puneet Mehta
Warranty Deed
$450,000 · Banktennessee
Jun 20, 2019
$277,000
Puneet Mehta
Copeland Investors LLC
Correction Deed
—
Jun 19, 2019
$277,000
Puneet Mehta
Copeland Investors LLC
Warranty Deed
$200,000 · Banktennessee
—
—
Copeland Investors LLC
—
Deed Of Trust
related
$362,707 · Regions Bank
—
—
Copeland Investors LLC
—
Deed Of Trust
related
$380,000 · Regions 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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