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Property profile & analytics
OFF-MARKET
Specialty properties
4066 New Getwell Rd Memphis, TN 38118-6017
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0153965
Property summary
AI-generated overview
This 1.35-acre parcel, located at 4066 New Getwell Road in Memphis, Tennessee (zip code 38118), is offered for sale at $224,000. The property is zoned IH and presents an excellent redevelopment opportunity. Situated in Shelby County, this land boasts a convenient location at the intersection of New Getwell Road and East Raines. Currently, an animal shelter facility occupies the site, adding potential value or redevelopment options for a buyer. The substantial lot size provides ample space for various industrial uses, aligning perfectly with the IH zoning designation. This property is ideal for investors or developers seeking a strategic location in a growing Memphis market. The precise coordinates are latitude 35.0376595 and longitude -89.9359612. Serious inquiries are encouraged to explore the potential of this versatile industrial land parcel. The asking price reflects the significant potential of this site given its size, zoning, and location.
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1974
Total area
4,148 SF
Lot
1.35 ac (58,850 SF)
Zoning code
IH
APN
073-036- - -00094
UPID
US80-0153965
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Paul Bell · 1 yrs held
Paul Bell
since 2025
Last sale
$187,500
4 recorded transactions
Zoning & alternative use
IH · 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)
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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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,203
Tax year 2022
Assessed value
$118,240
Assessed 2023
Previous assessed
$118,240
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$35,320
Assessed improvement
$82,920
Land market value
$88,300
Improvement market value
$207,300
Total market value
$295,600
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,148 SF
Lot
1.35 ac (58,850 SF)
Zoning code
IH
APN
073-036- - -00094
UPID
US80-0153965
Jurisdiction
SHELBY
Zoning & alternative use
IH · Memphis, TN
Zoning IH · permitted uses
IH · 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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Paul Bell
Individual
Mailing address
163 TUCKAHOE LN, MEMPHIS, TN 38117-3023
Ownership since
2025
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
May 21, 2025
$187,500
Paul Bell
Darrelle B Miller
Warranty Deed
$224,771 · Southpoint Bank
Aug 20, 2002
$375,000
Darrelle B Miller
Kennel One INC
Grant Deed
—
—
—
Country Estate Fence Of Memphi
—
Deed Of Trust
related
$100,000 · Trust One Bank
—
—
Kennell One INC
—
Deed Of Trust
related
$160,000 · Trust One 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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