Back to Search
Property profile & analytics
OFF-MARKET
Day care centers
466 Raines Rd Memphis, TN 38109-8331
Individually Owned
7-yr Hold
Property ID
US80-1430420
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1946
Construction
FRAME
Total area
2,674 SF
Lot
0.43 ac (18,513 SF)
Zoning code
R-10
APN
076-023- - -00021
UPID
US80-1430420
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
-
True Love Christian Academy Daycare Center
-
M M the Clown Learning & Fun Daycare Center
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
True Love Christian Academy Ll · 7 yrs held
True Love Christian Academy Ll
since 2018
5 recorded transactions
Zoning & alternative use
R-10 · 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
$3,214
Tax year 2022
Assessed value
$52,760
Assessed 2023
Previous assessed
$52,760
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$12,680
Assessed improvement
$40,080
Land market value
$31,700
Improvement market value
$100,200
Total market value
$131,900
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1946
Construction
FRAME
Heating
SPACE
Cooling
NONE
Stories
1
Rooms
8
Bathrooms
2
Total area
2,674 SF
Lot
0.43 ac (18,513 SF)
Zoning code
R-10
APN
076-023- - -00021
UPID
US80-1430420
Jurisdiction
SHELBY
Zoning & alternative use
R-10 · Memphis, TN
Zoning R-10 · permitted uses
R-10 · 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
1946
Construction
FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
True Love Christian Academy Ll
Individual
Mailing address
466 E RAINES RD, MEMPHIS, TN 38109-8331
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2018
$169,900
True Love Christian Academy Ll
Mm The Clown Learning & Fun Pa
Warranty Deed
$168,000 · Newtek Small Busn Fin
Dec 19, 2018
—
Christian Academy LLC
Thomas,carlos SR
Quit Claim Deed
related
—
May 15, 2017
$250,000
Mm & Clown Learning & Fun Palace
Thomas,carlos
Warranty Deed
—
Oct 22, 2015
—
Carlos Thomas SR
Thomas,mattie M
Quit Claim Deed
related
—
May 8, 1998
—
Mattie M Thomas
Patterson,fannie M
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.
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?”
You own 466 Raines Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
