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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Grocery and convenience stores
4585 Poplar Ave Memphis, TN 38117-7501
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-0885443
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2018
Total area
4,918 SF
Lot
0.62 ac (26,964 SF)
Zoning code
CMU-3
APN
057-012- - -00026
UPID
US80-0885443
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
-
Shell Gas Station
-
Coinsource Bitcoin ATM Atm
-
The One Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$832k
Blend (final)
Blend
$985k
Owner & transaction history
East Memphis Investments LLC · 8 yrs held
East Memphis Investments LLC
since 2018
7 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$705,000
+94.9%
Office building
$665,000
+84.0%
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%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$705,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: +84% · Conversion: Moderate
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$200 / 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
$36,640
Tax year 2022
Assessed value
$601,480
Assessed 2023
Previous assessed
$601,480
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$244,520
Assessed improvement
$356,960
Land market value
$611,300
Improvement market value
$892,400
Total market value
$1,503,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,918 SF
Lot
0.62 ac (26,964 SF)
Zoning code
CMU-3
APN
057-012- - -00026
UPID
US80-0885443
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · 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
MEDICAL BUILDING
Est. value
$705,000
OFFICE BUILDING
Est. value
$665,000
MEDICAL BUILDING
OFFICE BUILDING
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
East Memphis Investments LLC
Entity
Mailing address
384 DISTRIBUTION PKWY, COLLIERVILLE, TN 38017-3910
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
—
East Memphis Investments LLC
—
Deed
related
$2,100,000 · The Bank Of Fayette County
Aug 3, 2021
—
East Memphis Investments LLC
—
Deed
related
$2,100,000 · The Bank Of Fayette County
Mar 22, 2018
—
East Memphis Investments LLC
Bei Poplar LLC
Quit Claim Deed
related
—
Mar 22, 2018
$3,500,000
East Memphis Investments LLC
Bei Poplar LLC
Grant Deed
$3,666,487 · Financial Fed'l Bk
Dec 20, 2010
—
Bei Poplar LLC
—
Trustees Deed
related
$50,000 · Bancorp South Bank
Aug 10, 2006
—
Bei Poplar LLC
—
Trustees Deed
related
$382,000 · Bancorp South Bank
Sep 2, 2004
$800,000
Bei Poplar LLC
Conocophillips
Grant Deed
$812,500 · Bancorp South Bank
Jan 29, 2004
—
Conocophillips Co
Circle K Stores INC
Quit Claim Deed
related
—
Jun 28, 1999
$823,475
Bny Western Trust Co
Bp Exploration & Oil INC
Grant Deed
—
—
—
Bei Poplar LLC
—
Loan Modification
related
$990,583 · Metropolitan Bk
—
—
Bei Germantown LLC
—
Deed Of Trust
related
$975,000 · Metropolitan Bank
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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