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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Strip malls
4210 Altruria Rd Bartlett, TN 38135-9243
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1230568
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
50,688 SF
Lot
7.04 ac (306,662 SF)
Zoning code
SC-1
APN
B01-48 - - -00891
UPID
US80-1230568
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
-
Memphis Vending Co Big Box & Wholesale Store
-
Summit Design Group - Memphis Marketing & Advertising Advertising Agency
-
WOW Factor Baseball Gym & Fitness Center Sports School
-
Summit Design Group - SDG Interior Design Home Decor Store
-
Home To Roost Creations Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.56M
Owner & transaction history
Alan M Werner · 9 yrs held
Alan M Werner
since 2017
6 recorded transactions
Zoning & alternative use
SC-1 · Bartlett, 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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
$1.56M
Range $1.40M – $1.71M · ±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
$31 / 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
$31,739
Tax year 2022
Assessed value
$936,240
Assessed 2023
Previous assessed
$936,240
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$499,680
Assessed improvement
$436,560
Land market value
$1,249,200
Improvement market value
$1,091,400
Total market value
$2,340,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
50,688 SF
Lot
7.04 ac (306,662 SF)
Zoning code
SC-1
APN
B01-48 - - -00891
UPID
US80-1230568
Jurisdiction
SHELBY
Zoning & alternative use
SC-1 · Bartlett, TN
Zoning SC-1 · permitted uses
SC-1 · Bartlett, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bartlett. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
7.04 ac
Current owner
From public records · entity-resolved
Alan M Werner
Individual
Mailing address
3981 TROUGH SPGS RD, ADAMS, TN 37010-9059
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2018
—
Alan M Werner
—
Deed
related
$1,600,000 · F&m Bk
Jul 14, 2017
$2,000,000
Alan M Werner
Bsh Properties
Warranty Deed
$1,718,000 · First Sec Bk
Mar 25, 2015
—
Bsh Properties LLC
—
Trustees Deed
related
$1,000,000 · First Sec Bk
Nov 5, 2013
$530,000
Bsh Properties LLC
Ware Properties LLC
Grant Deed
$500,000 · Ware Properties LLC
—
—
Bsh Properties LLC
—
Deed Of Trust
related
$428,806 · First Sec Bk
—
—
Alan M Werner
—
Deed Of Trust
related
$1,600,000 · F&m 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.
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