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Property profile & analytics
OFF-MARKET
Manufacturing properties
5151 Raines Rd Memphis, TN 38118-7026
Entity Owned
14-yr Hold
Free & Clear
Property ID
US80-0736038
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1971
Total area
10,360 SF
Lot
83.13 ac (3,621,143 SF)
Zoning code
IH
APN
093-400- - -00628
UPID
US80-0736038
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
-
City Brewery Production Facility Brewery & Distillery
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
Jwc Freespirit LLC · 14 yrs held
Jwc Freespirit LLC
since 2011
7 recorded transactions
Zoning & alternative use
IH · 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 2021Property tax & assessments
Tax year 2021
Tax billed
$39,960
Tax year 2021
Land market value
$1,928,100
Improvement market value
$16,382,700
Total market value
$18,310,800
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1971
Heating
NONE
Cooling
NONE
Buildings
19
Stories
3
Total area
10,360 SF
Lot
83.13 ac (3,621,143 SF)
Zoning code
IH
APN
093-400- - -00628
UPID
US80-0736038
Jurisdiction
SHELBY
Zoning & alternative use
IH · Memphis, TN
Zoning IH · permitted uses
IH · 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
1971
Heating
NONE
Cooling
Yes
Stories
3
Buildings
19
Lot
83.13 ac
Current owner
From public records · entity-resolved
Jwc Freespirit LLC
Entity
Free & Clear · 14 yrs held
Mailing address
125 N MAIN ST STE #468, MEMPHIS, TN 38103-2030
Ownership since
2011
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
Oct 18, 2011
—
Jwc Freespirit LLC
Chism Hardy Ents LLC
Quit Claim Deed
related
—
May 5, 2011
$1,000
Chism Hardy Ents LLC
Industrial Dev Board Of City/memp
Quit Claim Deed
related
—
May 5, 2011
—
Industrial Dev Board Of City/memp
Blues City Brewery LLC
Grant Deed
related
—
May 5, 2011
$10,000,000
Blues City Brewery LLC
Chism Hardy Ents LLC
Deed Of Trust
related
$50,000,000 · Associated Bank
Dec 29, 2006
—
Industrial Dev Board Of City/memp
Chism Hardy Ents LLC
Grant Deed
related
—
Sep 7, 2006
$6,000,000
Chism Hardy Ents LLC
Coors Brewing
Trustees Deed
$6,500,000 · Sandhurst Asset Management LLC
Sep 7, 2006
—
Coors Brewing Co INC
Industrial Dev Board Of City/memp
Grant 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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