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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Grocery and convenience stores
5341 Us Hwy 51st N Memphis, TN 38127-1931
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US80-0164531
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1933
Total area
3,404 SF
Lot
1.78 ac (77,363 SF)
Zoning code
CMU-3
APN
D01-35 - - -00206
UPID
US80-0164531
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$366k
Blend (final)
Blend
$510k
Owner & transaction history
Sms Bros LLC · 11 yrs held
Sms Bros LLC
since 2015
7 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$485,000
+94.9%
Office building
$405,000
+62.5%
Auto repair, garage
$330,000
+32.1%
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%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$485,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$405,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$330,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$150 / 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
$4,231
Tax year 2022
Assessed value
$124,800
Assessed 2023
Previous assessed
$124,800
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$32,240
Assessed improvement
$92,560
Land market value
$80,600
Improvement market value
$231,400
Total market value
$312,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1933
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
9
Bathrooms
1
Total area
3,404 SF
Lot
1.78 ac (77,363 SF)
Zoning code
CMU-3
APN
D01-35 - - -00206
UPID
US80-0164531
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
MEDICAL BUILDING
Est. value
$485,000
OFFICE BUILDING
Est. value
$405,000
AUTO REPAIR, GARAGE
Est. value
$330,000
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1933
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Sms Bros LLC
Entity
Mailing address
5341 US HWY 51ST N, MEMPHIS, TN 38127-1931
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2020
—
Sms Bros LLC
—
Deed
related
—
Mar 25, 2019
—
Sms Bros LLC
—
Deed
related
$75,700 · Insouth Bk
Mar 4, 2015
$710,000
Sms Bros LLC
Sasa INC
Warranty Deed
$540,000 · Insouth Bk
Oct 16, 2013
—
Sasa INC
Hussani,abdelkarima A A
Quit Claim Deed
related
$665,000 · Insouth Bank
—
—
Sms Bros LLC
—
Deed Of Trust
related
$75,700 · Insouth Bk
—
—
Abdelkarim A A Hussaini
—
Deed Of Trust
related
$425,349 · First Capital Bank Ssb
—
—
Sms Bros LLC
—
Loan Modification
related
—
—
—
Abdelkarim Alhussaini
—
Deed Of Trust
related
$40,000 · Robert Allen
—
—
Sasa INC
—
Deed Of Trust
related
$150,000 · Willoughby INC
—
—
Abdelkarim A Al Hussaini
—
Deed Of Trust
related
$160,000 · First Capital Bank Ssb
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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