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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Auto shops
5151 Summer Ave Memphis, TN 38122-4336
Entity Owned
~
Est. High Equity
Property ID
US80-0160535
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1982
Total area
6,716 SF
Lot
0.64 ac (28,053 SF)
Zoning code
CMU-3
APN
063-072- - -00026
UPID
US80-0160535
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
-
Firestone Complete Auto Care (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$730k
Owner & transaction history
5151 Summer Realty Inestment LLC
5151 Summer Realty Inestment LLC
since 2026
Last sale
$745,000
4 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$960,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$650,000
Current use
MEDICAL BUILDING
$960,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$595,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$595,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $745k (Feb 5 2026)
Last sale anchor
$745k
Feb 5 2026
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
$109 / 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
$7,459
Tax year 2022
Assessed value
$122,440
Assessed 2023
Previous assessed
$122,440
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$61,800
Assessed improvement
$60,640
Land market value
$154,500
Improvement market value
$151,600
Total market value
$306,100
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
1982
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
6,716 SF
Lot
0.64 ac (28,053 SF)
Zoning code
CMU-3
APN
063-072- - -00026
UPID
US80-0160535
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
AUTO REPAIR, GARAGE Current
Est. value
$650,000
MEDICAL BUILDING
Est. value
$960,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$595,000
OFFICE BUILDING
Est. value
$595,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE 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
1982
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
5151 Summer Realty Inestment LLC
Entity
Mailing address
544 FOXMOOR DR, BOWLING GREEN, KY 42103-7922
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2026
$745,000
5151 Summer Realty Inestment LLC
William Johnston Britton IV
Special Warranty Deed
$445,000 · S Frank Smith
Mar 2, 2007
—
Robert M Montgomery
Montgomery R & D 2004 Trust
Quit Claim Deed
related
—
Jun 1, 2004
—
Montgomery R Mr.
Montgomery,robert M
Quit Claim Deed
related
—
May 6, 2004
—
Robert M Montgomery
Montgomery Ruth Y Trust
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.
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