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Property profile & analytics
OFF-MARKET
Estimated value
$2,860,000
Warehouses
4183 Steele St Memphis, TN 38127
Entity Owned
Free & Clear
Property ID
US80-1519272
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1957
Total area
236,244 SF
Lot
10.81 ac (470,884 SF)
Zoning code
EMP
APN
071-001- - -00046
UPID
US80-1519272
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
$3.48M
Blend (final)
Blend
$2.86M
Owner & transaction history
Economic Development Growth Engine Industrial
Economic Development Growth Engine Industrial
since 2026
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.86M
Range $2.57M – $3.15M · ±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
$12 / 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
$46,565
Tax year 2022
Assessed value
$764,400
Assessed 2023
Previous assessed
$764,400
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$62,440
Assessed improvement
$701,960
Land market value
$156,100
Improvement market value
$1,754,900
Total market value
$1,911,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1957
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
236,244 SF
Lot
10.81 ac (470,884 SF)
Zoning code
EMP
APN
071-001- - -00046
UPID
US80-1519272
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
1957
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
10.81 ac
Current owner
From public records · entity-resolved
Economic Development Growth Engine Industrial
Entity
Free & Clear · 0 yrs held
Mailing address
100 PEABODY PL STE #1100, MEMPHIS, TN 38103-3652
Ownership since
2026
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
Apr 23, 2026
—
Economic Development Growth Engine Industrial
Chmj-r LLC
Quitclaim Deed
—
Aug 22, 2025
—
Economic Growth Engine Industrial D
County Of Shelby
Deed
related
—
Nov 14, 2024
—
Economic Dev Growth Engine Industri
City Of Memphis
Quitclaim Deed
related
—
Jun 1, 2023
—
Economic Dev Growth Engine Industri
Chmj R LLC
Special Warranty Deed
—
Sep 15, 2021
$3,970,356
Chmj R LLC
Urco INC
Warranty Deed
$14,670,000 · Truist Bank
Jan 9, 2017
—
Urco INC
Walnut Grove Associates LLC
Quit Claim Deed
related
—
May 1, 2012
—
Walnut Grove Associates LLC
—
Deed Of Trust
related
$4,650,000 · First Tennessee Bank National
Jan 18, 2007
—
Walnut Grove Associates LLC
Union Realty Co Gp
Quit Claim Deed
related
—
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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