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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Investment properties
44 Frnt St Memphis, TN 38103-2453
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US80-1383233
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Total area
23,088 SF
Lot
0.13 ac (5,750 SF)
Zoning code
CBD
APN
002-039- - -00001
UPID
US80-1383233
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
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$993k
Blend (final)
Blend
$750k
Owner & transaction history
Drapac Group 50 LLC · 10 yrs held
Drapac Group 50 LLC
since 2016
7 recorded transactions
Zoning & alternative use
CBD · 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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$32 / 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
$19,766
Tax year 2022
Assessed value
$324,480
Assessed 2023
Previous assessed
$324,480
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$89,800
Assessed improvement
$234,680
Land market value
$224,500
Improvement market value
$586,700
Total market value
$811,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1925
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
23,088 SF
Lot
0.13 ac (5,750 SF)
Zoning code
CBD
APN
002-039- - -00001
UPID
US80-1383233
Jurisdiction
SHELBY
Zoning & alternative use
CBD · Memphis, TN
Zoning CBD · permitted uses
CBD · 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
1925
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Drapac Group 50 LLC
Entity
Mailing address
1123 ZONOLITE RD NE STE #30, ATLANTA, GA 30306-2016
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2016
—
Drapac Group 50 LLC
Cotton Growers Building LLC
Quit Claim Deed
related
—
Jan 28, 2016
$620,000
Drapac Group 50 LLC
Cotton Growers Building LLC
Warranty Deed
$410,000 · Financial Federal Bank
Feb 19, 2015
—
Cotton Growers Building LLC
Patterson Rushton E JR & James K
Grant Deed
related
—
Feb 18, 2015
—
Patterson James K
Patterson Frances B
Quit Claim Deed
related
—
Feb 13, 2015
—
Frances B Patterson
Patterson John
Quit Claim Deed
related
—
Jun 12, 2014
—
Cotton Growers Building LLC
Patterson,rushton E JR
Quit Claim Deed
related
—
May 23, 2014
—
Rushton E Patterson JR.
Patterson,frances B
Quit Claim Deed
related
—
Jan 30, 2009
—
Frances B Patterson
Patterson,john
Quit Claim Deed
related
—
—
—
44 S Front Memphis LLC
—
Deed Of Trust
related
$744,800 · First Citizens Nat'l 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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