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Property profile & analytics
OFF-MARKET
Office buildings
503 Highland St Memphis, TN 38122-4521
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US80-0826034
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Total area
2,011 SF
Lot
0.55 ac (24,089 SF)
Zoning code
RU-3
APN
044-041- - -00021
UPID
US80-0826034
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
-
B H Lending Group Loan Service Bank
-
John Turner Tax Service Tax Preparation
-
Memphis Properties Accounting Firm Tax Preparation
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
Memphis Properties LLC · 27 yrs held
Memphis Properties LLC
since 1999
7 recorded transactions
Zoning & alternative use
RU-3 · 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
$3,311
Tax year 2022
Assessed value
$54,360
Assessed 2023
Previous assessed
$54,360
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$25,080
Assessed improvement
$29,280
Land market value
$62,700
Improvement market value
$73,200
Total market value
$135,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1925
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Total area
2,011 SF
Lot
0.55 ac (24,089 SF)
Zoning code
RU-3
APN
044-041- - -00021
UPID
US80-0826034
Jurisdiction
SHELBY
Zoning & alternative use
RU-3 · Memphis, TN
Zoning RU-3 · permitted uses
RU-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.
Building & site characteristics
From public records
Year built
1925
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Memphis Properties LLC
Entity
Mailing address
503 N HIGHLAND ST, MEMPHIS, TN 38122-4521
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2019
—
Memphis Properties LLC
—
Correction Deed
related
$188,000 · First Com'l Bk
Feb 19, 2019
—
Memphis Properties LLC
—
Deed
related
$188,000 · First Com'l Bk
Aug 1, 2017
—
Memphis Properties LLC
—
Trustees Deed
related
$174,250 · Iberiabank
Jul 21, 1999
$80,000
Memphis Properties LLC
Prather,charles & Todd
Grant Deed
$40,000 · Nashoba Bank
Nov 24, 1998
$75,000
Charles C Prather
Mcanally,norma M
Grant Deed
$67,500 · Nashoba Bank
—
—
Memphis Properties LLC
—
Deed Of Trust
related
$188,000 · First Com'l Bk
—
—
Memphis Properties LLC
—
Deed Of Trust
related
$174,250 · Banktennessee
—
—
Memphis Properties LLC
—
Deed Of Trust
related
$40,000 · Nashoba Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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