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Property profile & analytics
OFF-MARKET
Estimated value
$2,760,000
Grocery and convenience stores
4720 Summer Ave Memphis, TN 38122
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-2947935
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2019
Total area
22,480 SF
Lot
2.14 ac (93,436 SF)
Zoning code
CMU-3
APN
063-026- - -00036
UPID
US80-2947935
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
-
Aldi Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.45M
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$2.76M
Owner & transaction history
Aldi INC · 7 yrs held
Aldi INC
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
$3.2M
+90.2%
Auto repair, garage
$2.2M
+28.9%
Apartment house (5+ units)
$2.0M
+18.3%
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%
$3,735,000
6.5%
$3,450,000
7%
$3,205,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,690,000
Current use
MEDICAL BUILDING
$3,215,000
Change: +90% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,180,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,000,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$1,990,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$2.76M
Range $2.48M – $3.04M · ±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
$123 / 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
$83,660
Tax year 2022
Assessed value
$1,373,360
Assessed 2023
Previous assessed
$1,373,360
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$200,240
Assessed improvement
$1,173,120
Land market value
$500,600
Improvement market value
$2,932,800
Total market value
$3,433,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
22,480 SF
Lot
2.14 ac (93,436 SF)
Zoning code
CMU-3
APN
063-026- - -00036
UPID
US80-2947935
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
RETAIL STORES Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
Aldi INC
Entity
Free & Clear · 7 yrs held
Mailing address
2080 ALDI BLVD, MOUNT JULIET, TN 37122-7119
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2018
$1,536,796
Aldi INC
Summer Avenue Ptshp
Warranty Deed
—
Dec 12, 2017
—
Summer Avenue Ptshp
—
Deed
related
$329,687 · Landmark Cmnty Bk
Sep 5, 2012
—
Summer Avenue Ptshp
John L Turley
Quit Claim Deed
related
—
Aug 4, 2009
—
Turley,michael B Trust
Michael B Turley
Quit Claim Deed
related
—
Oct 17, 2005
$660,673
Turley,john L & Michael B
Shabir Allad
Warranty Deed
$1,000,000 · Suntrust Bk
May 6, 2005
$700,000
Allad,shabir
Hashim Investments INC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
—
—
Summer Avenue Ptshp
—
Deed Of Trust
related
$329,687 · Landmark Cmnty 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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