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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Auto shops
4928 Summer Ave Memphis, TN 38122-4357
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1624091
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2000
Total area
2,952 SF
Lot
1.18 ac (51,401 SF)
Zoning code
CMU-3
APN
063-059- - -00002-C
UPID
US80-1624091
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
-
East Memphis Auto Center LLC Car Dealership
-
Emporium Auto Sales Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$530k
Owner & transaction history
4928 Summer Ave LLC · 1 yrs held
4928 Summer Ave LLC
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$420,000
+47.6%
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
$550,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$420,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $700k (Jan 8 2025)
Last sale anchor
$700k
Jan 8 2025
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
$180 / 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
$11,988
Tax year 2022
Assessed value
$196,800
Assessed 2023
Previous assessed
$196,800
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$111,960
Assessed improvement
$84,840
Land market value
$279,900
Improvement market value
$212,100
Total market value
$492,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2000
Heating
SPACE
Cooling
NONE
Stories
1
Total area
2,952 SF
Lot
1.18 ac (51,401 SF)
Zoning code
CMU-3
APN
063-059- - -00002-C
UPID
US80-1624091
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
$420,000
MEDICAL 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
2000
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
4928 Summer Ave LLC
Entity
Mailing address
8509 WOLF VLY LN, BARTLETT, TN 38133-2884
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
4928 Summer Ave LLC
Talaat Khmous
Quitclaim Deed
related
—
Sep 29, 2023
$700,000
Talaat Khmous
Belle Properties LLC
Warranty Deed
$560,000 · Financial Federal Bank
May 8, 2020
—
Belle Properties LLC
—
Deed
related
$1,648,000 · Financial Fed'l Bk
Sep 19, 2019
—
Belle Properties LLC
—
Deed
related
—
Aug 12, 2019
—
Belle Properties LLC
—
Grant Deed
related
$1,750,000 · Community Bk/ms
Jul 1, 2014
$460,000
Belle Properties LLC
Holland,james M & Sherry L
Warranty Deed
$368,000 · Community Bk N Ms
Apr 6, 1999
—
James P Holland
Coletta,vicent P
Quit Claim Deed
related
—
—
—
Belle Properties LLC
—
Loan Modification
related
—
—
—
James M Holland
—
Deed Of Trust
related
$331,067 · Memphis Area Teachers Cu
—
—
Belle Properties LLC
—
Deed Of Trust
related
$1,648,000 · Financial Fed'l Bk
—
—
James Holland
—
Deed Of Trust
related
$221,682 · Memphis Area Teachers Cu
—
—
James M Holland
—
Deed Of Trust
related
$250,000 · City Auto Fin LLC
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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