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Property profile & analytics
OFF-MARKET
Warehouses
4981 Summer Ave, Memphis, TN 38122-4358
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-1659523
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1952
Total area
26,420 SF
Lot
2.02 ac (87,948 SF)
Zoning code
EMP
APN
063-058- - -00018
UPID
US80-1659523
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
506 LLC · 5 yrs held
506 LLC
since 2021
Last sale
$400,000
6 recorded transactions
Zoning & alternative use
EMP · 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
$10,312
Tax year 2022
Assessed value
$169,280
Assessed 2023
Previous assessed
$169,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$90,600
Assessed improvement
$78,680
Land market value
$226,500
Improvement market value
$196,700
Total market value
$423,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1952
Heating
SPACE
Cooling
NONE
Buildings
2
Stories
1
Total area
26,420 SF
Lot
2.02 ac (87,948 SF)
Zoning code
EMP
APN
063-058- - -00018
UPID
US80-1659523
Jurisdiction
SHELBY
Zoning & alternative use
EMP · Memphis, TN
Zoning EMP · permitted uses
EMP · 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
1952
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.02 ac
Current owner
From public records · entity-resolved
506 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5810 SHELBY OAKS DRB, MEMPHIS, TN 38134-7315
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2021
$400,000
506 LLC
Amazing Real Estate LLC
Warranty Deed
—
Oct 16, 2019
$380,250
Amazing Real Estate LLC
Regions Bk
Grant Deed
$297,000 · John S Q Winestone
Jul 15, 2019
$237,604
Regions Bk
Winchester Walter N|brm Ents INC
Trustees Deed
related
—
Jul 6, 2016
—
Brm Ents INC
—
Deed
related
$245,899 · Regions Bk
Nov 22, 2000
$325,000
B R M Enterprises INC
Wilson Investments
Grant Deed
$305,000 · Ge Capital Small Business Finl
—
—
Brm Ents INC
—
Loan Modification
related
$245,899 · Regions 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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