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Property profile & analytics
OFF-MARKET
Estimated value
$4,360,000
Office buildings
480 Dr Ml King Jr Ave Memphis, TN 38126-1944
Entity Owned
11-yr Hold
Free & Clear
Property ID
US80-3560568
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1912
Total area
35,059 SF
Lot
0.63 ac (27,356 SF)
Zoning code
SE
APN
007-011- - -00035
UPID
US80-3560568
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
$4.18M
Blend (final)
Blend
$4.36M
Owner & transaction history
Self Tucker Properties LLC · 11 yrs held
Self Tucker Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
SE · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.0M
+19.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,180,000
Current use
MEDICAL BUILDING
$5,015,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,400,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.36M
Range $3.92M – $4.80M · ±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
$124 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$20,685
Tax year 2021
Land market value
$52,700
Improvement market value
$3,543,100
Total market value
$3,595,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1912
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
35,059 SF
Lot
0.63 ac (27,356 SF)
Zoning code
SE
APN
007-011- - -00035
UPID
US80-3560568
Jurisdiction
SHELBY
Zoning & alternative use
SE · Memphis, TN
Zoning SE · permitted uses
SE · 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
OFFICE BUILDING Current
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1912
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Self Tucker Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
505 10TH ST STE #101, MEMPHIS, TN 38103-4470
Ownership since
2015
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
Jun 28, 2017
—
Self Tucker Properties LLC
—
Deed
related
$300,000 · Memphis Center City Dev Corp
Jun 7, 2017
—
Self Tucker Properties LLC
—
Deed
related
$1,500,000 · Division/hsng & Cmnty Dev
May 6, 2015
—
Self Tucker Properties LLC
Tucker Jimmie E
Quit Claim Deed
related
—
Jan 13, 2006
$500,000
Jimmie E Tucker
Linden Street Investment Corp
Warranty Deed
$425,000 · First Alliance Bank Fsb
—
—
Jimmie E|self Juan R Tucker
—
Loan Modification
related
$347,948 · First Alliance Bk
—
—
Self Tucker Properties LLC
—
Deed Of Trust
related
$300,000 · Memphis Center City Dev Corp
—
—
Self Tucker Properties LLC
—
Deed Of Trust
related
$1,500,000 · Division/hsng & Cmnty Dev
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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