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Property profile & analytics
FOR LEASE
Industrial properties
4101 Willow Lake Blvd Memphis, TN 38118
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1957498
For Lease
1 / 2
$1,900,000
4101 Willow Lake Blvd, Memphis, TN 38118
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1989
Total area
73,465 SF
Lot
4.41 ac (191,969 SF)
Zoning code
IH
APN
074-101- - -00029
UPID
US80-1957498
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
-
AlphaTec Spine, Inc Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$1.90M
Owner & transaction history
Economic Dev Growth Engine Industri · 3 yrs held
Economic Dev Growth Engine Industri
since 2022
7 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)
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,245,000
Current use
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±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
$26 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$67,914
Tax year 2021
Previous assessed
$1,101,960
Land market value
$193,000
Improvement market value
$2,561,900
Total market value
$2,754,900
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
1989
Heating
SPACE
Cooling
NONE
Stories
1
Total area
73,465 SF
Lot
4.41 ac (191,969 SF)
Zoning code
IH
APN
074-101- - -00029
UPID
US80-1957498
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
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
1989
Heating
SPACE
Cooling
Yes
Stories
1
Lot
4.41 ac
Current owner
From public records · entity-resolved
Economic Dev Growth Engine Industri
Individual
Mailing address
100 PEABODY PL STE #1100, MEMPHIS, TN 38103-3652
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
—
Economic Dev Growth Engine Industri
Plymouth 4101 Willow Lake Tn LLC
Special Warranty Deed
—
Dec 30, 2020
$1,800,000
Plymouth 4101 Willow Lk Tn LLC
Fpip B3 LLC
Grant Deed
$56,000,000 · Miscellaneous Ins Co
Dec 30, 2020
—
Plymouth 4101 Willow Lk Tn LLC
Fpip B3 LLC
Quit Claim Deed
related
—
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
Dec 20, 2016
$4,700,000
Memphis Busn Park Portfolio Ll
198-6 Memphis Indl Portfolio
Grant Deed
related
—
Oct 14, 2011
$26,000,000
198-6 Memphis Indl Portfolio
Clift,r Spencer III
Trustees Deed
—
—
—
Fpip B3 LLC
—
Deed Of Trust
related
$775,000 · First Cap 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?”
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