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Property profile & analytics
OFF-MARKET
Estimated value
$4,855,000
Industrial properties
3966 Raines Rd Memphis, TN 38118
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-1337180
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1991
Total area
127,136 SF
Lot
7.67 ac (334,105 SF)
Zoning code
EMP
APN
074-101- - -00037
UPID
US80-1337180
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.44M
Blend (final)
Blend
$4.86M
Owner & transaction history
Gki Infill Memphis LLC · 3 yrs held
Gki Infill Memphis LLC
since 2022
Last sale
$5.7M
5 recorded transactions
Zoning & alternative use
EMP · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.7M
+97.8%
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
$4,535,000
ML approach
$4,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,885,000
Current use
COMMERCIAL (GENERAL)
$7,680,000
Change: +98% · Conversion: Difficult
Blend value · Realmo final
$4.86M
Range $4.37M – $5.34M · ±10% · vs last sale $5.71M (Jul 29 2022)
Last sale anchor
$5.71M
Jul 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
$38 / 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
$74,659
Tax year 2022
Assessed value
$1,225,600
Assessed 2023
Previous assessed
$1,225,600
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$119,840
Assessed improvement
$1,105,760
Land market value
$299,600
Improvement market value
$2,764,400
Total market value
$3,064,000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1991
Heating
SPACE
Cooling
NONE
Stories
1
Total area
127,136 SF
Lot
7.67 ac (334,105 SF)
Zoning code
EMP
APN
074-101- - -00037
UPID
US80-1337180
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$7.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1991
Heating
SPACE
Cooling
Yes
Stories
1
Lot
7.67 ac
Current owner
From public records · entity-resolved
Gki Infill Memphis LLC
Entity
Free & Clear · 3 yrs held
Mailing address
280 PARK AVE, NEW YORK, NY 10017-1274
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$5,706,000
Gki Infill Memphis LLC
Fpip Memphis LP
Special Warranty Deed
—
Mar 26, 2019
$16,500,000
Fpip-memphis LP
Willow Lake Business Park LLC
Grant Deed
—
Mar 26, 2019
—
Fpip-memphis LP
Willow Lake Business Park Ll
Quit Claim Deed
related
$17,368,000 · Iberiabank
Oct 20, 2014
$1,500,000
Willow Lake Business Park LLC
198-6 Memphis Indl Portfolio
Grant Deed
—
Oct 14, 2011
$26,000,000
198-6 Memphis Indl Portfolio
Clift,r Spencer III
Trustees 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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