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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Medical Office Space
491 Hwy 57 Collierville, TN 38017
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1245972
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1963
Construction
FRAME
Total area
5,449 SF
Lot
1.26 ac (54,886 SF)
Zoning code
MPO
APN
C02-44 - -A-00358
UPID
US80-1245972
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
$780k
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$968k
Blend (final)
Blend
$815k
Owner & transaction history
Btct Properties LLC · 3 yrs held
Btct Properties LLC
since 2023
Last sale
$900,000
3 recorded transactions
Zoning & alternative use
MPO · Collierville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
est - Agricultural - Residential Districts 151.049 TN Traditional Neighborhood District 151.050 MU Mixed Use District Commercial Districts 151.060 Statement of purpose 151.061 NC Neighborhood Commercial District 151.062 MPO Medical-Professional Office District 151.063 SCC Shopping Center Commercial District 151.064 CB Central Business District 151.065 GC Gen…
Zone name
Medical Professional Office
General category
COMMERCIAL
Zone area
857.19 ac
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 Collierville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collierville 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
$815,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,000,000
7%
$930,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$805,000
Current use
OFFICE BUILDING
$795,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $900k (Mar 20 2023)
Last sale anchor
$900k
Mar 20 2023
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
$150 / 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
$15,655
Tax year 2022
Assessed value
$306,360
Assessed 2023
Previous assessed
$306,360
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$256,040
Assessed improvement
$50,320
Land market value
$640,100
Improvement market value
$125,800
Total market value
$765,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
5,449 SF
Lot
1.26 ac (54,886 SF)
Zoning code
MPO
APN
C02-44 - -A-00358
UPID
US80-1245972
Jurisdiction
SHELBY
Zoning & alternative use
MPO · Collierville, TNZoning MPO · permitted uses
MPO · Collierville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
est - Agricultural - Residential Districts 151.049 TN Traditional Neighborhood District 151.050 MU Mixed Use District Commercial Districts 151.060 Statement of purpose 151.061 NC Neighborhood Commercial District 151.062 MPO Medical-Professional Office District 151.063 SCC Shopping Center Commercial District 151.064 CB Central Business District 151.065 GC General Commercial District Industrial Districts 151.075 Statement of purpose 151.076
Zone name
Medical Professional Office
General category
COMMERCIAL
Zone area
857.19 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$805,000
OFFICE BUILDING
Est. value
$795,000
MEDICAL BUILDING Current
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
1963
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Btct Properties LLC
Entity
Mailing address
55 E OLD STATE LINE DR, PIPERTON, TN 38017-5231
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2023
—
Btct Properties LLC
The Thrasher Clinic LLC
Quit Claim Deed
related
—
Nov 15, 2018
$900,000
Thrasher Clinic LLC
Family Medicine Partners PLLC
Warranty Deed
$900,000 · Bank Of Fayette Cnty
—
—
Family Medicine Partners PLLC
—
Deed Of Trust
related
$35,272 · Bancorpsouth
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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