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Property profile & analytics
FOR SALE
Office buildings
4280 Cherry Center Dr Memphis, TN 38118
Individually Owned
Free & Clear
Property ID
US80-0064043
For Sale
1 / 23
Contact for pricing
4280 Cherry Center Dr, Memphis, TN 38118
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
9,682 SF
Lot
1.09 ac (47,524 SF)
Zoning code
CMU-2
APN
073-022- -D-00045-C
UPID
US80-0064043
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
Helen Kassaye
Helen Kassaye
since 2026
Last sale
$270,000
7 recorded transactions
Zoning & alternative use
CMU-2 · 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
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
$15,263
Tax year 2022
Assessed value
$250,560
Assessed 2023
Previous assessed
$250,560
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$95,120
Assessed improvement
$155,440
Land market value
$237,800
Improvement market value
$388,600
Total market value
$626,400
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,682 SF
Lot
1.09 ac (47,524 SF)
Zoning code
CMU-2
APN
073-022- -D-00045-C
UPID
US80-0064043
Jurisdiction
SHELBY
Zoning & alternative use
CMU-2 · Memphis, TN
Zoning CMU-2 · permitted uses
CMU-2 · 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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Helen Kassaye
Individual
Free & Clear · 0 yrs held
Mailing address
10201 CEDAR ELM DR, LAKELAND, TN 38002-4928
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2026
—
Helen Kassaye
Asfa W Haile
Deed
related
—
May 22, 2024
$270,000
Haile Asfaw
The S Group INC
Warranty Deed
$170,000 · The S Group Incorporated
Oct 3, 2022
$137,000
Billy W Sullivan
Bonnie D Sullivan
Warranty Deed
related
$135,000 · Jvm Investment Co LP
Jun 26, 2017
—
Billy W Sullivan
—
Trustees Deed
related
$238,467 · Bancorpsouth
Apr 14, 2008
—
Billy W Sullivan
—
Trustees Deed
related
$24,064 · Bancorp South Bank
Apr 14, 2004
$245,000
Billy W Sullivan
Weed,david S
Grant Deed
$196,000 · Firstbank NA
Oct 31, 2000
$470,000
Cherokee Children & Family
Madison,john E & Willieann
Grant 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.
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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