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Property profile & analytics
OFF-MARKET
Estimated value
$7,750,000
Warehouses
5305 Distriplex Farms Dr Memphis, TN 38141-8231
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-0919167
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Total area
130,360 SF
Lot
8.63 ac (375,836 SF)
Zoning code
CA
APN
094-200- - -00469
UPID
US80-0919167
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
-
Radians Inc Industrial Manufacturer Production Facility
-
Paul Billings Law, PLLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.42M
Blend (final)
Blend
$7.75M
Owner & transaction history
Vereit Real Estate LP · 6 yrs held
Vereit Real Estate LP
since 2019
4 recorded transactions
Zoning & alternative use
CA · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.6M
+98.3%
Apartment house (5+ units)
$11.6M
+82.0%
Retail stores
$10.8M
+69.7%
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
WAREHOUSE, STORAGE
$6,370,000
Current use
AUTO REPAIR, GARAGE
$12,635,000
Change: +98% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,595,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$10,815,000
Change: +70% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$9,570,000
Change: +50% · Conversion: Moderate
Blend value · Realmo final
$7.75M
Range $6.98M – $8.53M · ±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
$59 / 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
$174,199
Tax year 2022
Assessed value
$2,859,640
Assessed 2023
Previous assessed
$2,859,640
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$105,880
Assessed improvement
$2,753,760
Land market value
$264,700
Improvement market value
$6,884,400
Total market value
$7,149,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
130,360 SF
Lot
8.63 ac (375,836 SF)
Zoning code
CA
APN
094-200- - -00469
UPID
US80-0919167
Jurisdiction
SHELBY
Zoning & alternative use
CA · Memphis, TN
Zoning CA · permitted uses
CA · 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
WAREHOUSE, STORAGE Current
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$12.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.6M
RETAIL STORES
Est. value
$10.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
8.63 ac
Current owner
From public records · entity-resolved
Vereit Real Estate LP
Entity
Free & Clear · 6 yrs held
Mailing address
2325 E CAMELBACK RD FL, PHOENIX, AZ 85016-3422
Ownership since
2019
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
Sep 17, 2019
$21,380
Vereit Real Estate LP
Jsr Properties LLC
Grant Deed
—
Jun 29, 2015
—
Jsr Properties LLC
—
Trustees Deed
related
$4,000,000 · Financial Fed'l Bk
Sep 26, 2011
$3,000,000
Jsr Properties LLC
Dfs Services LLC
Grant Deed
$3,300,000 · Financial Fsb
—
—
Jsr Properties LLC
—
Deed Of Trust
related
$1,600,000 · Financial Fsb
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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