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Property profile & analytics
OFF-MARKET
Estimated value
$5,060,000
Office buildings
5335 Distriplex Farms Dr Memphis, TN 38141-8231
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0888235
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
8,550 SF
Lot
1.7 ac (73,965 SF)
Zoning code
R-8
APN
094-200- - -00474
UPID
US80-0888235
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
-
Farnsworth Investment Co Bank
-
FedEx Drop Box Postal Service Courier Service
-
Mc Murry Construction Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.06M
Owner & transaction history
Sealy Distriplex Farms Drive O · 6 yrs held
Sealy Distriplex Farms Drive O
since 2020
Last sale
$5.5M
4 recorded transactions
Zoning & alternative use
R-8 · 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
Method
Estimation
Statistic approach
$4,725,000
ML approach
$4,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.06M
Range $4.55M – $5.57M · ±10% · vs last sale $5.46M (Apr 22 2020)
Last sale anchor
$5.46M
Apr 22 2020
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
$592 / 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
$25,241
Tax year 2022
Assessed value
$414,360
Assessed 2023
Previous assessed
$414,360
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$41,800
Assessed improvement
$372,560
Land market value
$104,500
Improvement market value
$931,400
Total market value
$1,035,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,550 SF
Lot
1.7 ac (73,965 SF)
Zoning code
R-8
APN
094-200- - -00474
UPID
US80-0888235
Jurisdiction
SHELBY
Zoning & alternative use
R-8 · Memphis, TN
Zoning R-8 · permitted uses
R-8 · 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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Sealy Distriplex Farms Drive O
Individual
Mailing address
333 TEXAS ST STE #1050, SHREVEPORT, LA 71101-3680
Ownership since
2020
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
Apr 22, 2020
$1,225,685
Sealy Distriplex Farms Drive O
Distriplex Nm Warehouse LLC
Correction Deed
related
—
Aug 3, 2015
—
Distriplex Nm Warehouse LLC
Net Magan Prop Owner One LP
Quit Claim Deed
related
$5,040,000 · Miscellaneous Ins Co
Aug 25, 2005
$1,500,000
Net Magan Land Owner One
Farnsworth Farms Office Ptshp
Warranty Deed
—
Aug 25, 2005
$5,462,548
Net Magan Prop Owner One
Farnsworth Distribution Props
Warranty Deed
—
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
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