New search
Property profile & analytics
FOR LEASE
Office buildings
5100 Wheelis Dr, Memphis, TN 38117
Individually Owned
5-yr Hold
Free & Clear
Property ID
US80-0082718
For Lease
1 / 2
$9,685,000
5100 Wheelis Dr, Memphis, TN 38117
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
44,067 SF
Lot
5.37 ac (233,787 SF)
Zoning code
CMU-3
APN
056-033- - -00218
UPID
US80-0082718
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
-
Ingram Laurinda Accounting Firm Tax Preparation
-
Blair Parker Design Landscaping (Bike/Boat/Book/etc) Store
-
Bailey Law Firm Law Firm
-
Dr. Todd Higginbotham, DDS Dental Office
-
Adam Samuel Fitzhugh Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.07M
Comparable Approach
Comparable
$9.43M
Blend (final)
Blend
$9.69M
Owner & transaction history
Charles Calvin Huggins · 5 yrs held
Charles Calvin Huggins
since 2021
7 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.6M
+128.0%
Medical building
$6.3M
+5.9%
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%
$11,985,000
6.5%
$11,065,000
7%
$10,275,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,955,000
Current use
RESTAURANT
$13,570,000
Change: +128% · Conversion: Moderate
MEDICAL BUILDING
$6,305,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$9.69M
Range $8.72M – $10.65M · ±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
$220 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$237,896
Tax year 2023
Assessed value
$3,905,280
Assessed 2024
Previous assessed
$3,905,280
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$1,173,160
Assessed improvement
$2,732,120
Land market value
$2,932,900
Improvement market value
$6,830,300
Total market value
$9,763,200
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
44,067 SF
Lot
5.37 ac (233,787 SF)
Zoning code
CMU-3
APN
056-033- - -00218
UPID
US80-0082718
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
OFFICE BUILDING Current
Est. value
$6.0M
RESTAURANT
Est. value
$13.6M
MEDICAL BUILDING
Est. value
$6.3M
OFFICE BUILDING Current
RESTAURANT
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
5.37 ac
Current owner
From public records · entity-resolved
Charles Calvin Huggins
Individual
Free & Clear · 5 yrs held
Mailing address
5100 WHEELIS DR STE #206, MEMPHIS, TN 38117-4531
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2021
—
Charles Calvin Huggins
Charles C Huggins
Intrafamily Transfer
related
—
Aug 2, 2018
$11,000,000
Wheelis Investors LLC
Dcg Properties LLC
Grant Deed
—
Aug 5, 2010
—
Dcg Properties LLC
Gill,diana C
Quit Claim Deed
related
—
Jul 8, 2010
—
Diana C Gill
Clark,nicholas G
Quit Claim Deed
related
—
Apr 5, 2010
—
Diana C Gill
Clark William B
Quit Claim Deed
related
—
Jul 31, 2001
$5,110,000
Stephen G Beem
Clark,tr
Quit Claim Deed
related
—
Jul 31, 2001
—
Clark,tr
Beem,stephen G
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
